EY has formed a strategic alliance with SAS to develop and deliver services across a number of key industry sectors, using SAS’ analytics platform.
The long-term strategic relationship will include market collaboration, co-innovation, and implementation support and enablement activities, and according to EY is designed to accelerate the delivery of disruptive analytics services that can help organisations achieve greater return on their data.
Mark Weinberger, EY Global Chairman and CEO, says: “Analytics is transforming how businesses operate, and EY is investing to embed analytics capabilities across our services. The skills, brand, relationships, and subject matter expertise of EY, paired with the robust platform and market penetration of SAS, offer a very compelling value proposition for our clients. Looking ahead, we see an opportunity to further innovate and create new services with SAS.”
The analytics offerings will include: stress testing and capital management; financial crime and fraud prevention; forensic investigation, fraud detection, surveillance, and litigation/regulatory response; tax reporting and information management; and improvements in core operations, such as insurance claims fraud management.
Michael Versace, IDC Research Director says: "Co-innovation as a cultural imperative in and of itself is a tremendous asset to have in the market for both EY and SAS. And as the digital enterprise strategies of their clients begin to take hold, the ecosystem of consulting services and technologies that co-innovation generates will create a differentiated value proposition for both organisations."
Jim Goodnight, CEO of SAS, says: “This agreement will allow us to combine our powerful analytics platform with EY’s deep industry and functional experience to help clients more effectively make key strategic business decisions based on their data investments. The expanded relationship also can include new product development initiatives that will help us bring new offerings to the market and further refine our existing analytics solutions.”