London: EY has established a Global Analytics Centre of Excellence (COE) and will commit to a US$500m, multiyear investment to deliver transformational change to clients by combining data analytics with business acumen, domain and functional skills.
The details of this investment include:
- Deploying technologies, systems and processes that support sector and issue-based analytics solutions
- Acquiring talent in areas such as data sciences and advanced statistical modeling to complement EY's existing 3,500 analytics professionals
- Expanding EY's Analytics Research & Innovation team in India at the Kerala Innovation Centre that includes 15 PhDs and more than 100 professionals with Master's degrees in various disciplines
- Building on EY's previous 10 acquisitions in the analytics space with additional acquisitions and alliances to significantly increase the organisation's capability and access to market-leading IP
Chris Mazzei, EY Global Analytics COE leader and Global Chief Analytics Officer, says, "For business leaders, analytics is no longer just a technology issue, it is a strategy and operational issue. Big data and analytics is a disruptive innovation that is transforming our everyday lives. Enterprises need a holistic plan for creating competitive advantage, identifying opportunities and ultimately measuring value. We are seeing the emergence of the chief analytics officer as more of a senior-level change agent, with a unique combination of skills in business, mathematics and technology."
Carmine Di Sibio, EY's Global Managing Partner — Client Services, says, "We believe that there is tremendous value to be gained by those organisations that leverage analytics to transform their business processes and how they make decisions. This is why we established a dedicated EY Global Analytics COE and are committing US$500m to our analytics capabilities and the benefits they will deliver to our clients."
EY says it has imbedded analytics into all of its service lines and is growing discrete analytics offerings. Those offerings complement EY's innovation strategy services and its full breadth of digital capabilities. By taking an enterprise approach to analytics, all clients can benefit from EY's domain and industry sector approach to business analytics.