EY is a professional services firm that provides assurance, tax, transaction and advisory services. As digital transformation becomes increasingly important for businesses, EY has undertaken several initiatives to help clients navigate this change. Some notable examples include:
CXO Dialogues – EY hosts regular “CXO Dialogues” that bring together C-level executives from various industries to discuss challenges and opportunities around digital transformation. Through these events, EY helps organizations gain insights on emerging technologies, strategies used by innovative companies, and lessons learned from digital leaders. This helps clients understand how to effectively transform their own businesses.
EY Analytics Sandbox – The EY Analytics Sandbox is a collaborative environment that allows companies to experiment with different data sets and analytics tools to identify new insights, opportunities and solutions. Clients have access to a range of datasets and tools for data management, visualization, advanced and predictive analytics. EY consultants work with clients in the sandbox to help unlock the power of data and analytics to enable digital transformation. This hands-on approach helps organizations become more data-driven.
Alliance partnerships – EY has formed strategic alliances with technology companies like SAP, Microsoft and IBM to provide clients with integrated solutions for digital transformation. Through partnerships, EY combines its advisory and industry expertise with emerging technologies from these firms. For example, the EY and SAP alliance helps clients leverage SAP S/4HANA, SAP Cloud Platform, SAP Leonardo and other SAP technologies as part of their digital journeys in areas such as finance transformation, supply chain optimization and customer experience improvement.
Digital Acceleration Platform – EY’s Digital Acceleration Platform (DAP) is designed to help clients achieve their digital goals in an integrated, scalable way. DAP brings together EY services and resources with those of strategic technology partners. It includes assets, accelerators and a governance model to help organizations address challenges like legacy modernization, workforce transition and change management. DAP helps clients kickstart their digital journeys and rapidly start generating business value through transformation initiatives.
EY Studios – EY has launched Studios in various cities that act as innovation hubs. The Studios bring together cross-industry experts, clients, startups and technology firms to co-create solutions for digital challenges. Clients can access emerging technologies like AI, IoT, blockchain through “co-innovation programs” at EY Studios to help solve strategic business problems. EY consultants work with clients in rapid prototyping sessions to build and test digital capabilities. This ecosystem approach fosters innovation and provides a sandbox to experiment with new business models.
HorizonScanning – EY regularly conducts HorizonScanning exercises to identify emerging technologies, trends, risks and opportunities that could impact various industries in the future. The insights from these scans help shape EY’s insights offerings and solution frameworks. Clients leverage HorizonScanning reports to understand potential digital disruptions and develop future-ready strategies. This helps them stay ahead of the curve in continually transforming their business models.
Digital Accelerators – EY has developed a series of Digital Accelerators that help clients tackle common transformation challenges through reusable frameworks, assets and solutions. These accelerators address areas such as finance transformation, supply chain digitization, tax technology migrations and customer experience reinvention. By addressing cross-industry pain points, accelerators help organizations quickly realize the benefits of emerging technologies and digital business models.
Through initiatives like CXO dialogues, analytics sandbox, strategic alliances, digital platforms, innovation studios, horizon scanning and digital accelerators – EY is effectively helping organizations across industries embark upon and achieve their unique digital journeys. EY combines deep expertise with emerging technologies to address both common and industry-specific transformation needs of clients.