EY Launches EY.ai Agentic Platform
EY has made significant strides in the realm of artificial intelligence by introducing the EY.ai Agentic Platform, developed in collaboration with NVIDIA. This innovative platform leverages NVIDIA's cutting-edge AI technology, combining EY's century-long expertise and curated datasets with NVIDIA's advanced AI models. The primary aim is to enhance operational excellence and improve enterprise AI agents across various sectors, particularly focusing on tax, risk, and finance.
The EY.ai Agentic Platform operates seamlessly in diverse environments, including client cloud solutions, on-premises setups, edge computing, and within the NVIDIA Cloud Provider ecosystem. With an initial deployment of 150 AI agents, the platform is set to support around 80,000 EY professionals, addressing over 3 million tax compliance cases annually while redefining up to 30 million tax processes.
Key Features of the EY.ai Agentic Platform
The platform integrates several key components:
- - Responsible AI Framework: Anchored in responsibility, accuracy, transparency, and trust, the development employs NVIDIA NeMo Guardrails and EY SafePrompt software for effective AI risk mitigation at the agent level.
- - Agent Framework: A robust framework is in place for creating and orchestrating agents. The use of NVIDIA Blueprint enables compatibility with third-party agent platforms, enhancing flexibility.
- - Model Catalog: A centralized repository that includes NVIDIA NIM and EY-specific models, fine-tuned for particular domains, ensures clients have access to tailored agent solutions.
- - Model Development Suite: Utilizing NVIDIA AI Foundry empowers clients to create enterprise-grade AI models customized to their unique business transformation needs.
- - Versatile Deployment: NVIDIA accelerated computing supports the global deployment of the platform across various environments, facilitating seamless integration with internal operations and client-facing applications.
- - Sector-Specific AI Agent Solutions: The platform includes enterprise suites catering to indirect taxes, income tax compliance, financial crime prevention, and regulatory compliance, all tailored to the specific needs of various sectors.
Accelerating AI Transformation Across Sectors
EY has positioned itself to be at the forefront of professional services for over 82% of Fortune 100 companies. The EY.ai Agentic Platform will harness EY’s extensive experience and select data sets while incorporating NVIDIA AI to deliver seamless AI agent solutions. The goal is to enable clients to make smarter financial and risk decisions by effectively handling real-time events and adapting to regulatory changes.
This platform's rollout builds upon previous collaborations between EY and NVIDIA, including an agentic solution tailored for telecommunications that reconstructs contract review processes. Such solutions are expected to expand into other sectors and domains progressively.
In the first phase of the platform deployment, it is anticipated to address more than 3 million tax compliance cases within the next year and redefine over 30 million tax processes. By leveraging 150 tax agents to assist EY's workforce, the collaboration aims to enhance data gathering, document analysis, compliance operations, and more.
Furthermore, the EY.ai risk agents will work alongside professionals in the risk sector to provide AI-driven solutions, allowing clients to better manage risks and significantly boost productivity.
As a known leader in risk management services across industries, EY has been recognized by Verdantix as a leader in risk management consulting services, highlighting their competitive edge in data, analytics, and AI capabilities.
Insights from EY and NVIDIA Leaders
Janet Truncale, EY’s Global Chair and CEO, remarked on the importance of the EY.ai Agentic Platform, stating that it will empower leading companies to swiftly act on transforming their operations while addressing the increasingly complex compliance requirements in an efficient manner. This initiative ultimately aims to elevate EY's productivity and operational excellence further.
Jensen Huang, Founder and CEO of NVIDIA, emphasized that AI agents will introduce unprecedented intelligence into businesses and enable them to tackle complexities effectively. By merging EY's deep expertise with NVIDIA AI, a new era of AI-driven reasoning that transforms financial decision-making, risk management, and regulatory compliance on a global scale is on the horizon.
With the EY.ai Agentic Platform, the future of enterprise services is being reshaped, enhancing the way organizations navigate the evolving landscape of compliance and operational challenges.