Large Scale Language Models (LLMs) and ERP technology – the combination of these two systems is seen as the future of the ERP industry, but is still in the early stages of development.
Integrating LLM within an enterprise technology platform seems like an obvious choice: LLM can process vast amounts of data in context, essentially laying the foundation for automation solutions. EY seems to recognise the potential value, launching its AI platform EY.ai in September 2023 and sharing with us the benefits of the new joint effort. Catriona Campbell, CTIO for EY UK and Ireland, shared the scope of internal changes required to successfully develop EY.ai, including rolling out LLM in-house.
“As part of our investment in EY.ai, we are rolling out EYQ (a large-scale language model) to all 400,000 employees – one of the world's first and largest civilian GenAI implementations. Early evidence shows that EYQ is improving EY productivity by 40%, which is expected to rise to 100% over the next 12 months.”
EY has invested $1.4 billion in EY.ai over 18 months to create an integrated platform that combines EY's own business experience with AI technology to help businesses adopt AI solutions. did.
By fostering an ecosystem of business alliances within EY.ai, EY will combine the collective business and technical knowledge gained from the partnership with its own AI capabilities to create a more effective and holistic approach to business transformation through AI implementation. We can provide you with a unique approach. Business partnerships include Dell Technologies, IBM, Microsoft, SAP, ServiceNow, Thomson Reuters, UiPath, and several other companies waving the AI flag.
Campbell added: “This platform combines the EY team's vast business experience in strategy, transformation, risk, assurance and tax with EY's technology platform and AI capabilities to help clients deploy AI with confidence. This is what EY teams use to deliver differentiated AI-powered services and solutions to our clients. ”
Ultimately, EY.ai’s capabilities could provide evidence of the potential of developing LLM with ERP technology. The productivity gains from working in tandem with GenAI’s capabilities could be the impetus companies need to embrace innovation.
