Menu
EY invests billion dollars in tech innovation drive

EY invests billion dollars in tech innovation drive

Offerings span managed services, cyber and risk management

Credit: Dreamstime

EY has unveiled plans to invest a billion dollars in new technology solutions, client services and innovation, as part of a two-year strategy effective immediately.

Spanning global and local practices, the consultancy giant aims to deepen “innovative offerings” to customers through emerging and disruptive technologies.

The new round of funding - emphasising EY’s commitment to advising and implementing technology solutions - is in addition to the existing, “significant” annual investment made by the business.

Specifically, the funding will be used to create new technology-based services and solutions in areas such as financial services, cyber, risk management, managed services, software services as well as digital tax and audit services.

“In this transformative age, businesses and governments are under significant pressure to not only keep pace, but get ahead of the vast disruption and technological change,” said Mark Weinberger, chairman and CEO of EY.

“We see enormous opportunities in helping clients address these challenges and stay ahead of the technology curve.

“With this investment and expanded technology leadership team, EY will help businesses navigate industry disruption to realise their growth potential.”

Alongside increased investment, Nicola Morini Bianzino has joined as global chief client technology officer and Steve George as global chief information officer.

Rounding out the revamped worldwide leadership team is Barbara O’Neill, global chief information and security officer.

According to Weinberger, the triple appointment will help drive the EY digital transformation and innovation agenda.

“These appointments complement our existing investments in innovation including our global artificial intelligence (AI) and blockchain labs,” he added.

“Over the past year we have initiated, pioneered and launched a number of innovative services such as the use of blockchain in marine insurance and in the automation and payment of royalties and the piloting of the use of drones in inventory observations.

“We have also made big technological improvements to existing offerings such as those in audit and tax. These new investments allow us to build on our strong IT capabilities and invest even more in client and market solutions.”


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags EY

Events

Featured

Slideshows

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments