The global head of EY has announced that the firm will sink a massive $1 billion into new technology and innovation in the coming years. The news comes as the Big Four firm vies to remain ahead of the curve of competitors in the lucrative digital transformation consulting industry.
While the service offered by consultants to assist clients with their digital transformation is still a relatively new aspect of the industry, efforts to integrate new, innovative technology with business operations have become so essential to the survival of modern businesses that it is one of the most talked-about aspects of consultancy today. With the digital transformation consulting industry having boomed to a global size of $44 billion, it is a line of work which even the largest consulting firms cannot afford to be left behind on.
To that end, Big Four professional services firm EY has announced it will invest $1 billion (£784.4 million) in new technology solutions and innovation over the next two financial years. The pledged investment will cover new solutions in areas including financial services, digital audit and tax, cyber, risk management and cloud-based technology. The move will also…
