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Ernst & Young shapes the future with a $1.4 billion investment in artificial intelligence (AI)

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Ernst and Young

EY (Ernst & Young) has gathered all its artificial intelligence (AI) innovation and development efforts under “EY.ai”. While the platform was launched with an investment of 1.4 billion dollars, it will support companies efficiently access the advantages of artificial intelligence technology and develop and transform their businesses.

EY has embedded AI into many global technology solutions for over a decade. He strengthened this with a three-year investment plan. In 2023, it invested $1.4 billion in the “EY.ai” platform, which brings together human talents and artificial intelligence (AI). EY.ai consists of leading EY technology capabilities and AI platform with deep experience in strategy, operations, transformation, risk, audit and tax, supported by a powerful AI ecosystem.

With this investment, EY will embed artificial intelligence and cutting-edge development tools into EY Fabric, a proven global technology tool, making it available to more than 60,000 EY clients and over 1.5 million unique users. This step will enable teams serving customers to respond more quickly to business transformation issues that are priorities for companies. According to EY, which has improved the way it works with customers thanks to its investment in artificial intelligence, one of the most important obstacles to the adoption of this advanced technology was the issue of trust. Because; In 2022, EY formalized EY.ai principles, which include the values of accountability, security, privacy, transparency, fairness, inclusivity and professional responsibility; Guided by these principles, it actively works with governments, multinational standard-setting bodies, industry associations and non-governmental organizations. In this regard, it aims to help develop best practices for the effective and reliable use of artificial intelligence.

This investment will also help EY employees with knowledge and skills in the field of AI to maximize their potential. EY will offer special artificial intelligence-based learning and development opportunities to its employees with the “EY.ai EYQ” program, which will be created after the pilot program started with 4,200 technology-focused EY team members. EY’s comprehensive learning program includes AI, data and analytics learning programs launched in 2018, which have resulted in more than 100,000 certifications to date, as well as the EY Tech MBA training program launched in 2020.

EY.ai also brings together an ecosystem that includes various studies, technologies and academic talents in the field of artificial intelligence. This ecosystem; It includes pioneering collaborations with some of the world’s most innovative organizations, including Dell Technologies, IBM, Microsoft, SAP, ServiceNow, Thomson Reuters and UiPath, as well as other leading companies defining the future of AI.

EY Turkey Consultancy Department Head and Company Partner Gökhan Gümüşlü made the following evaluations on the subject:

“We implemented the EY.ai platform in line with our goal of “creating a better working world”, to build trust and create value among our customers and society. Powered by a multitude of data and AI professionals, EY.ai is poised to unlock the full spectrum of knowledge and insight that EY teams can provide to companies looking to revolutionize their operations with AI. More importantly, the collaborative EY ecosystem plays a critical role in connecting clients with the most advanced technology, infrastructure and capability available today. EY.ai aims to provide a unique service to our customers while bringing together the talents of the leading companies we cooperate with in this ecosystem and our expert teams in artificial intelligence technology.”

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