EY will work directly with IBM on joint go-to-market activities and new applications based on IBM’s portfolio of analytics, big data products and cloud solutions. EY will also have access to IBM’s test and demo software catalogue, technical support and training resources.
Norman Lonergan, EY’s Global Vice Chair, Advisory, says:
“We believe there is immense value for our clients from the relationships we forge with market leaders like IBM. The result is proven skills, IP and innovation that are critical to our clients and the services we deliver. This strategic relationship with IBM also supports our Vision 2020 growth strategy. By combining analytics with our business acumen, EY can help deliver the transformational change that clients’ demand as they look to innovate and grow their businesses.”
EY will leverage its suite of analytics - around finance and performance management; predictive, cognitive and enterprise asset management; supply chain; finance; and risk management - to develop new solutions with IBM, boosting its client offerings in key sectors like life sciences, financial services, power and utilities, health care, consumer products, oil and gas and the public sector.
EY and IBM have a long-standing relationship developing innovative analytics to help clients solve their complex business issues. Examples include:
- EY’s Counter Fraud, powered by IBM, is configured to combine decades of EY’s investigative, forensic accounting and industry-specific knowledge with the big data computing intelligence and scalability of IBM.
- EY’s driver-based performance management solution incorporates IBM Cognos and TM1 capabilities to understand the impact on the organization of key financial and non-financial drivers - both external and internal. When a driver changes, the planning and reporting processes can help determine the expected outcome and test alternative scenarios to deal with that change.
Mark Manoff, EY’s Americas Vice Chair and Global Client Service Partner, IBM, says: “Our collaboration is a natural evolution of our multidimensional relationship with IBM. Reaching this agreement is a major milestone for EY as we are only one of a few organizations in the world at this strategic level. Our joint innovations around emerging IBM technologies, such as Watson, are particularly exciting as we innovate together in combining cutting-edge IBM solutions with EY’s analytics, innovation, technology and business acumen and commercial know-how.”
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