Global advisory firm EY has launched a global network of growth and innovation centres to help clients catch the next wave in breakthroughs in business transformation by tapping into innovative thinking across EY disciplines, experience and industry sectors.
The flagship centres, 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 centres will expand EY's existing network of innovation centres across the world that have been 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 industry domain and regulatory experience.
In a multi-million dollar investment, EY will increase its current network of 15 locations by adding centres in the Americas, Europe, the Middle East and Asia Pacific regions over the next year. The new centres will be located in Amsterdam; Atlanta; Mexico City; New York (Chelsea); Santa Monica (Silicon Beach), Calif.; São Paulo; Trivandrum, India; and Toronto.
Each centre 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’s global vice chair of advisory services, said: "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."
Jeff Wong, EY’s global chief innovation officer, added: "Through our connected network of EY wavespace centres, 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."
In order 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, EY hopes 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 centres.
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