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Investments in blockchain, IoT, AI support E&Y Advisory's double-digit growth

Leading consulting firm EY has announced a seventh consecutive year of strong growth.

The company recorded combined global revenues of $31.4b for the financial year ended 30 June 2017. According to the official release, financial year (FY) 2017 revenue grew by 7.8% in local currency (versus FY16).

While all EY service lines delivered strong growth in FY17, Advisory and Transaction Advisory Services were among the top contributors. The firm said that it has made a commitment to embed digital transformation and innovation opportunities across all service lines and sectors.

EY said:

“Strong client demand for advisory services for digital, business transformation, risk management and cybersecurity contributed largely to Advisory's seventh year of double-digit growth [10.4 percent]. Advisory's growth has been supported by investments in RPA, blockchain, IoT, AI, cybersecurity, analytics and business transformation.”

In FY17, EY launched GigNow, a global marketplace for talent that provides opportunities within EY to people seeking more flexibility or short-term assignments. It matches qualified contractors with projects, bringing critical skills to EY teams and clients, such as those in the areas of digital, cyber, robotics and blockchain. GigNow is currently live in the US, the UK, Ireland, Australia, and New Zealand.

"There is only one way to respond to this level of digital disruption – and that is to embrace it. We have focused on investments in emerging technologies and we are developing new solutions in collaboration with EY clients and alliances. As all businesses are challenged to evolve, we are bringing together the best talent and latest technology to drive truly transformative innovation in all our services,” Carmine Di Sibio, EY Global Managing Partner – Client Service, said.

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