EY launches AI platform EY.ai after US$1.4bn investment
EY has announced the launch of EY.ai, a unifying platform that brings together human capabilities and AI to help clients transform their businesses through confident and responsible adoption of AI.
The platform, EY says, leverages leading-edge EY technology platforms and AI capabilities, with deep experience in strategy, transactions, transformation, risk, assurance and tax, all augmented by a robust AI ecosystem.
EY investments of US$1.4bn have provided the foundation for the EY.ai platform. These investments have supported the embedding of AI into proprietary EY technologies like EY Fabric, used by 60,000 EY clients and more than 1.5 million unique client users, as well as helping secure a series of EY technology acquisitions with supporting cloud and automation technologies.
“AI’s moment is now,” Carmine Di Sibio, EY Global Chairman and CEO, says. “Every business is considering how it will be integrated into operations and its impact on the future. However, the adoption of AI is more than a technology challenge. That's why EY teams help clients identify how to capture the transformative power of AI from every seat at the boardroom table and across the enterprise. It’s about unlocking new economic value responsibly to realise the vast potential of this technological evolution.”
EY placing people at the centre of AI
EY is helping to realise the potential of EY people with AI knowledge and skills. Following an initial pilot with 4,200 EY technology-focused team members, the global organisation will be releasing a secure, large language model called EY.ai EYQ. In addition, EY will roll out bespoke AI learning and development for EY people.
The EY comprehensive learning program elevates and expands the AI skills of EY people, including the responsible use of AI. It builds on the extensive AI, data and analytics learning badge curriculum and credentials introduced in 2018, with over 100,000 credentials awarded to date, as well as the EY Tech MBA launched in 2020.
EY building a strong and diverse AI ecosystem
EY.ai brings together an AI ecosystem encompassing a range of business, technological and academic capabilities in AI. This includes leading-edge alliances with some of the world’s most innovative organisations, including Dell Technologies, IBM, Microsoft, SAP, ServiceNow, Thomson Reuters and UiPath – as well as other emerging leaders that are defining the future of AI.
“Empowered by a significant number of data and AI professionals, EY.ai is poised to unlock the full spectrum of knowledge and insights that EY teams can provide to companies aiming to revolutionise their operations with AI,” comments Andy Baldwin, EY Global Managing Partner – Client Service. “Importantly, this is a collaborative endeavour. The EY alliance ecosystem plays a pivotal role in linking clients with the most advanced technology, infrastructure and proficiency available today. As EY.ai merges the capabilities of EY ecosystem collaborators with AI-enhanced teams, the aspiration is to deliver an unparalleled level of excellence in client service.”
Building on the existing strategic alliance, Microsoft has provided the EY organisation early access to Azure OpenAI capabilities, such as GPT-3 and GPT-4. With support from Microsoft and leveraging Azure OpenAI Services, EY teams are building and deploying advanced Generative AI solutions to enhance EY service offerings.
The EY-Dell Technologies alliance invests jointly in AI-focused capabilities, including Dell Generative AI Solutions, a set of Dell products and services simplifying the adoption of full-stack generative AI with LLMs, meeting organisations wherever they are in their generative AI journey; clients can prototype and deploy use cases on a validated architecture of purpose-built hardware, software, and embedded security optimised for generative AI.
With Thomson Reuters, EY is expanding and will serve as a transformative force by combining content and insights across tax, law, global trade, and environmental, social and governance (ESG) services, and accelerating the co-development of new, AI-driven solutions and services.
Nicola Morini-Bianzino, EY Global Chief Technology Officer, says: “EY.ai reflects the culmination of work and knowledge that the EY organisation has been building for a decade. The AI capabilities that EY teams have built and work with clients to date further validates that AI is transformative. I am highly confident that a human-centred approach to transformation using AI will empower EY people, enhance the quality of client work and ultimately change our working world for the better.”
Visit ey.ai for more information.
