Company: EYGS LLP
Nomination Submitted by: EY Global Services Limited
Company Description: EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Nomination Category: Product & Service Categories - Business Technology Solutions
Nomination Sub Category: Artificial Intelligence/ Machine Learning Solution
 Nomination Title: EY Fabric
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:
EY teams have developed EY Fabric [REDACTED FOR PUBLICATION] — a foundational global technology platform that combines leading-edge technology and data capabilities with deep business insights to design and help deliver solutions that create long-term value for client’s business. [REDACTED FOR PUBLICATION]
- If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 345 words used.
EY Fabric provides intelligence suite of reusable technology assets and ecosystem offering reusable homegrown and applied vendor artificial intelligence (AI) solutions managed and governed as per EY responsible AI standards.
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EY Fabric also offers Generative AI (GenAI) capabilities in an easily consumable fashion, both as reusable components for integration with solutions and via pre-defined out-of-the-box standard offerings, while ensuring the resultant products align to the appropriate standards and practices (e.g., risk, data privacy, infosec and responsible AI).
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- If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 348 words used.
EY Fabric has over 1.8 million users in over 180 countries on EY global platforms [REDACTED FOR PUBLICATION]
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- 100+ technology and innovation partnerships with startups and academia and 30+ industry alliances allowing faster access to leading technologies.
EY Fabric wins industry accolades:
- Gold Stevie® Awards 2023 — Platform as a Service category
- 2023 AI Excellence Awards — Machine Learning and Intelligent Agent category
- 2022 AI TechAwards — “Best in Machine Learning Platforms” category
- Silver Stevie® Awards 2022 — Platform-as-a-Service category
- Microsoft Global AI Partner of the Year Award 2022
- Leader in AI services, IDC MarketScape Worldwide Artificial Intelligence Services 2023
- Leader in IDC MarketScape: Worldwide Intelligent Automation Services 2022
- Leader in The Forrester Wave™: Robotic Process Automation Services, Q2 2022
Here are a few success stories that highlight how EY teams used the platform to help accelerate digital transformation of the global organizations.
- EY teams leveraged EY Fabric’s intelligent suite of reusable AI and ML assets to develop a solution – EY Smart Reviewer – which made possible for a UK-based leading pharma company to automate the Medical, Legal, Regulatory Review (MLR) process using AI and natural language processing. EY Smart Reviewer makes the MLR process more reliable with improved compliance by increasing the objectivity and consistency of reviews. Further, it increases the use of intelligence as the AI engine is consistently learning and improving, prioritizing actions and applying the leading practices. The solution helped reduce the cycle times across the end-to-end process by 51% [REDACTED FOR PUBLICATION].
- EY teams leveraged ready to use technology assets on EY Fabric to launch Paycheck Protection Program (PPP) solution within 15 weeks simplifying a US$700b COVID-19 loan forgiveness program created by the US Small Business Administration. The EY solution handled 50K loans worth over US$11b and was being tested for more than 5,000 concurrent users handling 50,000 records and 0.1m documents (Appendix Success Story 2).
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- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 247 words used.
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