EY.ai is a new artificial intelligence (AI) platform that EY has invested US$1.4 billion in. The platform is designed to help clients accelerate their transformation by providing them with a suite of AI-powered tools and services.
EY.ai is built on a number of leading AI technologies, including:
- Large language models (LLMs): LLMs are a type of AI that can generate and understand text. EY.ai uses LLMs to power a variety of features, such as natural language processing and machine translation.
- Computer vision: Computer vision is a type of AI that can identify and understand objects in images and videos. EY.ai uses computer vision to power features such as image classification and object detection.
- Machine learning (ML): ML is a type of AI that can learn from data and improve its performance over time. EY.ai uses ML to power features such as fraud detection and predictive analytics.
EY.ai offers a wide range of capabilities, including:
- Data analytics and insights: EY.ai can help clients make better decisions by analyzing large volumes of data and identifying patterns and trends that would be difficult or impossible to spot manually.
- Automation and robotics: EY.ai can automate a wide range of tasks, from back-office processes to customer service interactions. This can free up employees to focus on more strategic and value-added activities.
- AI-powered solutions: EY.ai offers a number of pre-built AI solutions for specific industries and business functions. These solutions can help clients to solve complex problems and improve their performance.
EY.ai is already being used by a number of EY clients to achieve significant results. For example:
- One client used EY.ai to automate its accounts payable process, which reduced the time it took to process invoices by 50%.
- Another client used EY.ai to develop a new AI-powered customer service chatbot that has improved customer satisfaction by 10%.
- A third client used EY.ai to improve its fraud detection capabilities, which has resulted in a 20% reduction in fraud losses.
EY.ai is a powerful tool that can help clients to accelerate their transformation and improve their performance. The platform is still under development, but it is already being used by a number of EY clients to achieve significant results.
Here are some more specific examples of how EY.ai is being used by clients:
- A global bank is using EY.ai to develop a new AI-powered risk management system. The system will use machine learning to analyze customer data and identify potential risks, such as fraud and money laundering.
- A retail company is using EY.ai to automate its supply chain management process. The system will use AI to forecast demand, optimize inventory levels, and plan transportation routes.
- A manufacturing company is using EY.ai to improve its quality control process. The system will use computer vision to inspect products for defects and identify potential problems before they reach customers.
EY.ai is a versatile platform that can be used to solve a wide range of business problems. It is a powerful tool that can help clients to accelerate their transformation and improve their performance.
EY, one of the world’s leading professional services organizations, has announced a US$1.4 billion investment in a new artificial intelligence (AI) platform called EY.ai. The platform is designed to help clients accelerate their transformation by providing them with a suite of AI-powered tools and services.
EY.ai is built on EY’s own large language model, EY.ai EYQ, as well as a number of other leading AI technologies. It offers a wide range of capabilities, including:
- Data analytics and insights: EY.ai can help clients make better decisions by analyzing large volumes of data and identifying patterns and trends that would be difficult or impossible to spot manually.
- Automation and robotics: EY.ai can automate a wide range of tasks, from back-office processes to customer service interactions. This can free up employees to focus on more strategic and value-added activities.
- AI-powered solutions: EY.ai offers a number of pre-built AI solutions for specific industries and business functions. These solutions can help clients to solve complex problems and improve their performance.
EY.ai is already being used by a number of EY clients to achieve significant results. For example, one client used EY.ai to automate its accounts payable process, which reduced the time it took to process invoices by 50%. Another client used EY.ai to develop a new AI-powered customer service chatbot that has improved customer satisfaction by 10%.
EY.ai is a significant investment for EY, and it reflects the company’s commitment to helping its clients transform their businesses using AI. The platform is expected to play a major role in EY’s growth strategy in the coming years.
Benefits of EY.ai for clients
EY.ai offers a number of potential benefits to clients, including:
- Accelerated transformation: EY.ai can help clients accelerate their transformation by providing them with the tools and services they need to adopt AI and other new technologies more quickly and effectively.
- Improved performance: EY.ai can help clients improve their performance by automating tasks, improving decision-making, and identifying new opportunities.
- Reduced costs: EY.ai can help clients reduce costs by automating tasks, improving efficiency, and reducing waste.
- Enhanced customer experience: EY.ai can help clients enhance the customer experience by providing AI-powered customer service tools and solutions.
Conclusion
EY’s US$1.4 billion investment in EY.ai is a significant vote of confidence in the potential of AI to help businesses transform and improve their performance. The platform is expected to play a major role in EY’s growth strategy in the coming years, and it is likely to be of interest to a wide range of clients.
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