BrazilEY launches its wavespace centre and offering in Amsterdam
EY has brought the firm’s global wavespace offering to the Netherlands. “Experiencing digital innovation, that is what wavespace is all about”, said Guill van den Boom, a partner in the accounting and consulting firm’s Dutch Advisory arm.
Companies are facing a growing host of impacts and opportunities as the rise of digitisation and new technologies unfold. To stay competitive, senior business leaders are ramping up their efforts in innovation and digital, and in doing so are turning to those at the forefront of change.
With more than 52,000 professionals active in management consulting and technology, EY is one of the globe’s premier providers of such services. Its own wavespace proposition, which combines a physical technology-savvy environment with a proprietary methodology and platform, helps its clients understand what is coming at them and how to act upon it. The focus lies on radical breakthroughs that hinge on disruptive technologies such as artificial intelligence, robotics process automation (RPA), blockchain and data science.
“Organisations face continuous disruption at an increasingly fast pace. 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 identify and test their ideas that could ultimately lead to dramatic breakthroughs,” explained Norman Lonergan, who leads EY’s global consulting business.
Since launching in March last year, wavespace has been rolled out in 18 of EY’s offices across the Americas, Europe, the Middle East and Asia Pacific. The latest organisation to join wavespace’s ranks is EY Netherlands, which has around 4,300 employees. The new wavespace centre in Amsterdam joins the likes of New York and Silicon Valley in the US, Toronto in Canada, Mexico City in Mexico, São Paulo in Brazil, Berlin in Germany, Madrid in Spain, Shanghai in China and Trivandrum in India.
The multi-million dollar wavespace roll-out is part of EY’s broader global investment push, which will see the Big Four firm pump a staggering $1 billion in new technology and innovation in the coming two financial years. In comparison, EY’s global revenue is around $31.4 billion, generated by a team of around 250,000 employees.
The flagship centres bring together the minds of EY’s business strategists, designers, data scientists and technologists to leverage the power of technology and address industry-specific and cross-sector opportunities for clients. Advisory partner Guill van den Boom remarked; “Wavespace makes digital developments tangible by means of showcases and workshops. During these sessions, organisations can experience what new technologies can mean for their business. With an integrated team they work together on concrete solutions. At the heart of the approach is that we bring process knowledge, technology and sector developments together in an environment that optimally facilitates discussion about disruption, opportunities and innovation.”
Asked about the wavespace’s edge, Van den Boom highlighted how EY professionals at locations in the network have among the many examples since launching redesigned business processes enabled by blockchain technology for customers in the financial services sector and helped an automotive OEM develop new mobility services. Meanwhile, in Austria, the city of Vienna recently tapped EY’s services to support its digitisation and blockchain endeavours in public services.
