It aims to accelerate its adoption and integration
EY’s global organization today announced the launch of “EY.ai”, a unified platform that combines human capabilities with the power of artificial intelligence to help businesses transform by adopting it responsibly and with greater confidence in their functions. The new platform aims to accelerate its adoption and integration artificial intelligence in business, increasing, at the same time, trust in it. It also aims to train human resources and fuel operational transformation and new business strategies.
The platform was developed through EY’s investment of $1.4 billion. These investments have supported the integration of artificial intelligence into proprietary EY technologies such as EY Fabric, while securing a number of acquisitions of technology companies and their supporting cloud and automation technologies.
Putting people at the heart of artificial intelligence
As stated in the announcement, EY helps its people enrich their knowledge and acquire critical skills in artificial intelligence. After an initial, test phase involving 4,200 EY expert technologists, EY’s global organization is launching a secure, large-scale Generative AI language model, called “EY.ai EYQ,” for internal use. In addition, EY will offer its human capital personalized training on artificial intelligence, based on the EY Badges training certification program.
Building an artificial intelligence ecosystem
EY.ai also composes an artificial intelligence ecosystem, encompassing a wide range of business, technology and academic capabilities. Among them, strategic alliances with some of the world’s most innovative organizations such as Dell Technologies, IBM, Microsoft, SAP, ServiceNow, Thomson Reuters and UiPath, as well as other emerging industry leaders, are defining the future of artificial intelligence.
Extending their existing strategic alliance, Microsoft provided EY with access to pioneering Azure OpenAI capabilities such as GPT-3 and GPT-4. Supported by Microsoft and leveraging Azure OpenAI, EY teams create and deploy advanced Generative AI solutions, further enhancing the organization’s services.
The EY-Dell Technologies alliance is jointly investing in AI capabilities, including Dell Generative AI Solutions, a suite of Dell products and services that simplify the adoption of full-stack Generative AI with large language models (LLMs). Accordingly, EY’s alliance with Thomson Reuters is expanding and will act as a catalyst for transformation, combining expertise and experience in tax, legal, international trade and ESG services, accelerating the joint development of new AI solutions and services.
Artificial intelligence solutions and services
EY.ai is powered by the EY.ai Confidence Index, a tool that leverages best practices in risk, governance and data management, providing a comprehensive assessment and tracking of AI progress. At the same time, the EY.ai Maturity Model, systematically examines a company’s progress in artificial intelligence, compared to competitors in its market and industry, while the EY.ai Value Accelerator, helps to prioritize strategic development initiatives and solutions, reported in APE BEE.
In addition, EY.ai introduces Generative AI capabilities and advanced development tools to the organization’s global technology infrastructure, the EY Fabric. EY Fabric, used by 60,000 customers and more than 1.5 million unique users, powers 80% of the world’s business activities of EY, which reach 50 billion dollars.
Artificial intelligence research and development initiatives
EY and the University of Southern California’s School of Advanced Computing are in active discussions to pursue a joint research opportunity following the University’s $1 billion “Frontier of Computing” initiative, with a focus on ethical and responsible development of artificial intelligence.
On the occasion of the presentation of EY.ai, Giorgos Papadimitriou, CEO of EY Greece, said: “As businesses around the world consider how to effectively integrate artificial intelligence into their operations, the EY.ai platform will empower our customers to harness the limitless power of artificial intelligence, responsibly and confidently, to transform their organizations and create value. A product of significant investment and systematic work with our ecosystem of partnerships, EY.ai will also empower our people and further enhance the exceptional quality of our services.”
Lazaros Polymenakos, partner in the Advisory Services Department of EY Greece and head of EY’s Artificial Intelligence Services in the Europe, Middle East, India and Africa (EMEIA) region: “Artificial intelligence is already shaping, from today, the future of business, the economy and society. It improves our efficiency by automating tasks, unlocks value from data, and helps make better informed decisions. Leveraging innovative technologies, massive amounts of data, EY’s business expertise and its ecosystem of leading strategic alliances, EY.ai is a platform that will enable our clients to integrate artificial intelligence across the spectrum of their organizations’ operations. them, in a responsible and human-centered way, strengthening the trust of all interested parties”.
