Ernst & Young receives $ 49 million for blockchain promotion

Ernst & Young receives $ 49 million for blockchain promotion

Ernst & Young receives $ 49 million for blockchain promotion

Ernst & Young, a multinational professional services firm, receives a $ 49 million grant for its Intelligent Automation and Artificial Intelligence Services. These services include Proof of Concepts for Artificial Intelligence and Blockchain solutions. This was stated in a press release today.

Ernst & Young is a network with a broad spectrum of activities. In particular, it has an influence on areas such as auditing, tax consultancy, transaction consulting and corporate and management consulting. With its Intelligent Automatic and Artificial Intelligence Services (IAAI), the company is also seeking to promote process automation solutions for machine language processing, machine learning, artificial intelligence and blockchain processes.

For this purpose, Ernst & Young has now received a grant of $ 49 million, according to a press release. Mike Herrinton, Project Manager at Ernst & Young, is correspondingly euphoric:

We’re honored we’ve been selected and are presented with the opportunity to share our IAAI capabilities to help HHS and other agencies transform their operations,” said Mike Herrinton, Partner and US Government & Public Sector Leader at Ernst & Young LLP. “EY implements digital solutions with modern technologies that can help agencies unlock the potential of their data and assets, and change the way customers interact with the government.

The IAAI project shall help the US government to enter the digital era. According to the press release, it is the strong combination of Artificial Intelligence, Blockchain and the Internet of Things, which offers great potential for the government.

Ernst & Young wants to connect private and public sector

Finally, the project aims to test new solutions in the areas mentioned. In addition, it is designed to include customer experience and feedback in the feedback process to further develop the individual projects. Ultimately, the IAAI project will build a technological bridge between the private and public sectors.

In June, Ernst & Young also announced a blockchain platform for the healthcare sector. This platform is meant to offer a solution for reimbursement problems in the healthcare industry.

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About Shawn Morrison 204 Articles
One of the founders of BitzArena. Active with crypto currency since the rise of the bitcoin. Loves the innovative character of crypto and blockchain technology, and follows developments in the market closely. Likes to connect technology with business, and likes to make difficult concepts accessible to a wide audience.

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