EY has expanded its collaboration with NVIDIA to create the EY.ai Agentic Platform, using NVIDIA’s AI technology. This new platform will help EY’s professionals respond quickly to events, adapt to changes in regulations, and enhance financial decision-making. It combines AI agents with human knowledge, aiming to improve productivity in tax tasks by handling over three million compliance jobs and streamlining thirty million processes annually. This rollout will start in key business areas and will introduce tailored AI solutions for industries like life sciences and finance. EY’s managing partner, Raj Sharma, emphasized that this initiative will provide actionable insights necessary for businesses to thrive in the evolving AI landscape.
EY Expands Collaboration with NVIDIA to Launch EY.ai Agentic Platform
Accounting and consulting giant EY has taken a significant step forward by enhancing its partnership with NVIDIA. Together, they are set to develop the EY.ai Agentic Platform, which will harness the power of the comprehensive NVIDIA AI stack.
This exciting initiative aims to provide real-time solutions for businesses, ensuring adaptability to regulatory shifts while supporting more intelligent financial and risk decision-making. The EY.ai Agentic Platform will merge NVIDIA’s advanced AI reasoning capabilities with human insights, creating a hybrid model designed to boost productivity through smart AI agents.
Key features of the platform include:
– EY Responsible AI Frameworks
– Agentic Framework
– Model Catalog
– Model Development Suite
– Deploy Anywhere capability
– Specialized AI Agent Solutions for various sectors
As part of its rollout, the platform will activate 150 AI agents to assist 80,000 EY professionals globally. This innovation is expected to help complete over three million tax compliance tasks and streamline around 30 million tax processes each year. Tasks such as data gathering, document analysis, and tax compliance for income and indirect taxes will become significantly more efficient.
The deployment will initially focus on key business areas, with plans to extend its services to sectors like life sciences, manufacturing, and financial services. Additionally, EY’s AI risk agents will assist risk professionals in developing new AI-driven services. One of these innovations includes a third-party risk management agent aimed at improving customer risk management and productivity.
Raj Sharma, EY’s global managing partner for Growth and Innovation, stated, “Agentic AI is revolutionizing business operations through automation.” He emphasized that this collaboration with NVIDIA will offer clients valuable insights across tax, risk, and finance, positioning them to thrive in the evolving landscape of AI.
This collaboration builds on EY’s previous advancements with NVIDIA, particularly in AI solutions for the telecommunications sector. Recently, EY US also partnered with Zscaler to tackle network architecture challenges using cloud-based services.
For more updates on the launch of the EY.ai Agentic Platform and how it will shape the future of business operations, stay tuned.
Tags: EY, NVIDIA, AI Solutions, Agentic Platform, Business Innovation, Tax Compliance, Risk Management
What is the partnership between EY and NVIDIA about?
The partnership between EY and NVIDIA focuses on using artificial intelligence, or AI, to create smart AI agents. These agents will help businesses operate more efficiently and make better decisions by analyzing data.
How will this partnership benefit businesses?
Businesses can benefit from this partnership by using AI agents to automate tasks, gain insights from data, and improve customer experiences. This can help save time and reduce costs.
What kind of AI technology will be used?
EY and NVIDIA will use advanced AI technologies, including machine learning and deep learning. This technology will help analyze large amounts of information quickly and accurately.
What industries will be impacted by this partnership?
Several industries will be impacted, such as finance, healthcare, and manufacturing. These industries can use AI agents for various purposes, like optimizing operations and enhancing service quality.
When can we expect to see results from this partnership?
While specific timelines may vary, we can expect to see initial results and solutions within the next few months. The aim is to quickly integrate AI agents into business processes for immediate benefits.