EY collaborates with Microsoft to invest in AI adoption

This could improve efficiency by up to 50%. 

Ernst & Young Advisory Pte. Ltd. (EY), announced an expanded agreement with Microsoft to help organisations accelerate the embedding of artificial intelligence (AI), including generative AI (GenAI), into enterprise functions. 

Through this collaboration, organisations could enhance end-to-end enterprise efficiency by up to 50%, improving agility and innovation to secure Growth.

EY will be investing to upskill and hone the AI capabilities of its 500 consulting professionals in Singapore, as well as an expected annual pool of 100 new joiners.

“We are committed to work even more closely with Microsoft to design and deliver transformative AI solutions that will substantially uplift our local business operations, nurture the digital capabilities of the workforce, and help advance Singapore’s position as an open and trusted global AI hub, in addition to being a reputed gateway to the region,” said Liew Nam Soon, EY Asean Regional Managing Partner and also Singapore and Brunei Country Managing Partner. 

CEOs globally, with 40 from Singapore, recognise the potential of AI, but most are facing significant challenges in operationalizing related strategies, according to the EY CEO Outlook Pulse survey released in December 2023.

Whilst about two-thirds of CEOs see the need to act quickly, a similar number also reported being held back by uncertainty around this space, which makes it challenging to act quickly.