EY has today launched AI Labs – a unique AI centre of excellence – offering clients access to game changing capabilities in big data, AI, smart automation, VR/AR and advanced analytics. EY Ireland’s expanding data analytics and technology consulting team, encompassing 220 people, will run and manage AI Labs to deploy a set of advanced technology client solutions and highly specialised client services. The skills and resources provided through AI Labs will ultimately equip organisations with the resources, tools, and insights they need to drive growth and market leading innovation.
AI Labs, run in collaboration with the EY wavespace innovation centre, will introduce a host of services to clients across maturity assessment, strategy, solution deployment, business training, rapid prototyping/POC, and Solution Development/MVP. The suite of AI capabilities and services on offer will allow organisations across multiple industries and sectors to deploy these advanced technologies to optimise new growth opportunities and to solve their most complex industry challenges. AI Labs will expand EY’s existing technology consulting business across AI, automation, machine learning, and big data over the next three years.
Speaking at an event to launch the AI Labs today, Paul Pierotti, EY Ireland Partner, Data Analytics and Emerging Technology said: “AI and smart automation present endless opportunities for organisations to solve complex issues in their respective industries. By adopting these technologies and embedding them in their operational models, organisations will find themselves at the forefront of positive industry and societal change. By taking the necessary measures to adopt these technologies Irish organisations will be set on a new path of digital optimisation and success. AI Labs at EY epitomises the value we place on innovation as a firm as reflected in the ongoing expansion of our vibrant technology consulting business.”
The unique offering of AI Labs will include capabilities across natural language processing, predictive analytics, optimisation, expert systems, and advanced computer recognition. By leveraging these AI capabilities, organisations will be at the forefront of the digital economy. EY will also be able to build on its rapid prototyping capabilities, using design thinking, agile methodology, discovery sessions, and the latest technology and industry insights to solve critical business issues alongside cutting-edge AI technologies.
Frank O’Keeffe, Managing Partner, EY Ireland, commented: “The launch of AI Labs here in EY Ireland is a natural evolution of our already extensive suite of services to clients in the technology space. I’m hugely excited about the opportunities it will unlock for our clients right across the island of Ireland. Long term sustainable success in business requires innovative thinking and access to the latest cutting-edge ideas and technologies. Through our new AI labs and our partnership with the ADAPT centre, will be able to bring the incredible potential of AI alive for our clients through bespoke workshops and demonstrations. We can’t wait to bring together the brightest minds in AI across this island to co-create game changing solutions with our clients.”
To ensure AI Labs is supported with the advanced research, skills, and insights it needs to thrive, EY will enter into a 4-year strategic collaboration with the ADAPT Centre – the world-leading Science Foundation Ireland (SFI) Research Centre for AI-driven digital content technology. The collaboration will facilitate the application of advanced technology and research initiatives that address real-world industry challenges. These will consist of a portfolio of collaborative projects, initially co-funding two PhD students in 2022 but scaling to include research fellowships, targeted projects and other collaborations, including but not limited to health, transport, and utilities.
Declan McKibben, Executive Director of the ADAPT Centre added: “The ADAPT Centre brings together the best researchers in Human Centric AI across eight universities in Ireland to drive AI Adoption and Innovation here in Ireland and internationally. By building and valuing strong relationships with academic institutions, the innovation ecosystem, and businesses, we ensure that knowledge transfer can happen much more rapidly in line with the pace of innovation today. This partnership signals a new strategic approach to our engagement with EY which will nurture talent, drive innovation and turn good ideas into great solutions for tomorrow.”
The ADAPT collaboration will allow EY the opportunity to invest in research initiatives that align with its digital strategy, through creating additional research capacity and driving innovation. Research will be focused on initial use cases in data governance, customer content & engagement, intelligent supply chain and manufacturing, and sustainability.