- Collaborative approach with technologists, business
strategists and designers
- Enables clients to address industry-specific and cross-sector
opportunities
- Strategic alliances leaders provide sophisticated methodology
for innovations
LONDON, March 28, 2017 /PRNewswire/ -- EY has
launched its global network of growth and innovation centers to
help clients catch the next wave in radical breakthroughs in
business transformation by tapping into innovative thinking across
EY disciplines, experience and industry sectors.
Experience the interactive Multimedia News Release here:
https://www.multivu.com/players/English/8070451-ey-wavespace-growth-innovation-centers/
The flagship centers, which are focused on specific disruptive
growth strategies and technologies impacting industries, comprise
the EY wavespace™ global network of
differentiated work spaces, capabilities and proprietary
intellectual property.
The wavespace centers expand EY's existing network of innovation
centers1 developed to help clients face the challenges
and opportunities of continuous change, digitization and
disruption. All locations feature a shared methodology and platform
that combines EY's experience in areas including disruptive
technologies such as artificial intelligence, robotics process
automation (RPA), blockchain, data analytics, digital, customer
experience and cyber security, and EY's deep industry domain and
regulatory experience.
In a multi-million dollar investment, EY will increase its
current network of 15 locations by adding centers in the Americas,
Europe, the Middle East and Asia
Pacific regions over the next year.The new centers will be
located in Amsterdam; Atlanta; Mexico
City; New York (Chelsea);
Santa Monica (Silicon Beach),
Calif.; São Paulo; Trivandrum, India; and Toronto. Each center has a range of technology
and market focus, with dedicated teams of multi-disciplinary
practitioners in disruptive innovation to help create a new market
or a new way of creating value.
Norman Lonergan, EY Global Vice
Chair, Advisory Services, says:
"Organizations face continuous disruption at an increasingly
fast pace, so senior business leaders are passionate about driving
change to stay competitive. Many believe in radical transformation
as the path forward to achieve their business objectives, but they
don't necessarily know how to start. The EY wavespace
network encourages clients to be fearless about identifying
dramatic ideas that could ultimately lead to dramatic
breakthroughs."
For example, EY professionals at locations in the wavespace
network have:
- Developed more than 50 business processes enabled by blockchain
technology for customers in the financial services sector,
including an identity management platform that provides more secure
and efficient onboarding of customers and identifies potential
- Helped an automotive OEM develop new mobility services,
including premium and on-demand taxi services, smart parking and
ride-sharing, and ran market-test pilots in major cities
worldwide;
- Created an innovation pop-up lab for a financial services
client to drive development and deployment of new technologies,
products and services, and business models across the
organization.
Jeff Wong, EY Global Chief
Innovation Officers, says:
"Through our connected network of EY wavespace centers, we help
clients have differentiated, eye-opening experiences because they
can access capabilities and knowledge anywhere in the world.
This immersive environment and entrée to thought leaders across
industries, academia, research and entrepreneurs will help
traditional companies imagine future business models and different
ways of working."
EY acquisitions, alliances provide capabilities from leading
industries
To support an integrated approach across the wavespace network,
EY has created a Founders Council comprising senior leaders from
acquisitions by member firms and network alliances and across EY.
As a result, clients can benefit from the intellectual property EY
firms have gained through inorganic growth. Convergence sessions,
where clients from disparate industries share experiences and
knowledge, are also part of the wavespace centers.
Richard Suhr, EY Global Digital
Leader, Advisory, says:
"The wavespace network is a significant evolution in EY's role
as an orchestrator of digital providers. Our digital and innovation
strategy starts from the premise that no single organization can
maintain digital capability and expertise across all the new
digital platforms. Instead, we are helping clients draw on the
'network multiplier' effect of platform-driven ecosystems.
And besides access to technology, we are providing clients avenues
to knowledge from our digital collaborators and opportunities to
build vital new relationships."
1 EY centers are located in Americas:
New York (Union Square): San
Francisco, Seattle, Silicon
Valley, Tel Aviv; EMEIA:
Berlin, Dubai, London, Paris, Madrid, Warsaw; APAC: Hong Kong, Singapore, Shanghai, Sydney.
Barbara
Burgess
|
Aparna
Sankaran
|
EY Global Media
Relations
|
EY Global Media
Relations
|
+1 212 773
1652
|
+44 748 024
5082
|
barbara.burgess@ey.com
|
aparna.sankaran@ey.uk.com
|
Logo
- http://photos.prnewswire.com/prnh/20160620/381362LOGO