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- APAC Tech Lab focuses on rapid prototyping and product development to provide extensive engineering capabilities
- Lab to strengthen EY technology solutions in Asia-Pacific Strengthening the market and cooperation around the world
- It leverages business and customer innovation through leading edge technologies including artificial intelligence, 5G and Web3.
Palo Alto, California And Shenzhen, China, December 12, 2022 /PRNewswire/ – EY today announces the official opening of the EY APAC Tech Lab (“Lab”), a new, state-of-the-art incubator and engineering lab. Shenzhen, ChinaTo meet the growing special needs Asia-Pacific Market through rapid innovation. as efficient, Asia-Pacific– A dedicated unit, the lab will play a critical role in strengthening EY’s technology portfolio across geographies, strategically becoming a hub for technology development, testing and implementation.
The lab is the newest addition to EY’s global network of innovation centers designed to foster leading-edge technology hybridization and research and development in key technology markets around the world. In collaboration with EY’s innovative platforms and products, the EY APAC Tech Lab was created with a vision to address the diverse needs of clients in today’s complex geopolitical landscape.
Methodically available ShenzhenChina, the lab focuses on rapid prototyping and product development, providing extensive engineering capabilities to meet unique needs and opportunities. Asia-Pacific Market. According to Forrester, Asia-Pacific The technology market is expected to grow by 6.2% this year 675 B. The lab aims to harness the power of new technologies including Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), blockchain, 5G and Web3 to enhance the innovation potential of EY’s businesses and clients.
Now fully operational with over 30 AI engineers, data scientists, UX/UI designers, blockchain cryptographers and 5G and Internet of Things (IoT) experts, the lab is working on a number of leading projects with various EY teams. A world to solve real-world business problems. These initiatives include:
- Advanced data analytics platform co-innovation with a major telecom operator Asia-Pacific It uses clustering, supervised machine learning and deep automation techniques to generate rich and accurate customer insights from telecom data, enabling customers to get a more personalized and improved experience.
- An example of automated data integration and estimation of Space 3 carbon emissions reporting, complete with science-based target data models and an AI-powered predictive sandbox. This enables enterprises to leverage their net-zero ambitions by incorporating forecasting, target setting and sensitivity analysis capabilities into their carbon calculations.
- A Web3-based healthcare data analytics model supported by Distributed Identity (DID) statements helps conduct compliant, authenticated and ethical medical data analytics in collaboration with major pharmaceutical companies.
Patrick WinterEY Asia-Pacific Area Management Partner, says:
“I am excited about the potential of the APAC Tech Lab for EY teams to leverage the strategic importance of this diverse technology frontier in innovative ways. This lab will strengthen the global technology profile of the EY firm. Competing in today’s complex market environment, introducing new technologies and building strong innovation pipelines such as Building a digital-first and future-proof organization will help solve pressing customer challenges.
Jeff WongEY Global Chief Innovation Officer says:
“The APAC Tech Lab is an exciting frontier for global innovation within the EY organization. In addition to the EY Advanced Tech Lab Palo Alto, CaliforniaThis strategic expansion to Shenzhen It will help further develop the other world’s fastest growing innovation hubs where leading technologies are being developed, refined and implemented. Under the leadership Steve LoAs the EY Asia-Pacific Area Innovation Leader, we look forward to seeing the APAC Tech Lab develop and become a hub of innovative ideas and technology ingenuity that will support EY teams and help deliver valuable solutions to clients in the region.
EY continues to invest in technology initiatives 10 billion dollars Over three years, including the construction of additional regional technology centers to help clients drive long-term business value and technology-enabled transformation. For more information about EY’s Global Innovation capabilities, please visit https://www.ey.com/en_gl/innovation.
Notes to editors
About EY
EY helps build a better world of work, create long-term value for clients, people and society, and build confidence in capital markets.
Enabled by data and technology, EY’s diverse teams in more than 150 countries inspire trust and help clients grow, transform and perform.
Working across assurance, consulting, legal, strategy, tax and transactions, EY teams ask better questions to find new answers to complex issues in our world today.
EY refers to an international firm, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide customer service. Information on how EY collects and uses personal data and a statement on the rights individuals have under data protection law can be found at ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our company, please visit ey.com.
This news release is issued by EYGM Limited, a member of the global EY firm that does not provide any services to clients.
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