The Future of ERP Landscape: Large Language Models (LLMs) and ERP Technology
EY Launches EY.ai: The Future of ERP Technology with Large Language Models
In a groundbreaking move towards the future of enterprise technology, EY has unveiled its AI platform, EY.ai, which integrates Large Language Models (LLMs) into ERP systems. This innovative combination is set to revolutionize the ERP landscape, offering a glimpse into the potential of automation solutions.
Catriona Campbell, CTIO of EY UK and Ireland, shared the internal changes made to develop EY.ai, including rolling out a LLM to their entire 400,000 person workforce. The results have been impressive, with a 40 percent gain in productivity already seen and expected to rise to 100 percent in the next 12 months.
With a $1.4 billion investment over 18 months, EY aims to create a unifying platform that merges their business experience with AI technology to assist firms in adopting AI solutions. By forming business alliances with companies like Dell Technologies, IBM, and Microsoft, EY can combine their expertise with AI capabilities to offer a more effective approach to business transformations.
Campbell emphasized that EY.ai connects the vast business experience of EY teams with AI capabilities to help clients confidently adopt AI while addressing challenges. This platform is used to deliver AI-powered services and solutions to clients, showcasing the potential of LLMs in ERP technology.
The success of EY.ai serves as evidence of the power of combining LLMs with ERP technology, providing a boost in productivity and encouraging businesses to embrace innovation. As the future of enterprise technology continues to evolve, EY’s pioneering efforts in this space are sure to set a new standard for the industry.
