Intelligent automation

Intelligent automation (IA) refers to the integration of robotics with multiple components from different emerging technologies.

Robotics is transforming the efficiency of every organizational function from finance, tax, HR, and IT to supply chain, regulatory compliance and customer care. We’re not talking industrial or companion robots, of course, but rather software robots that operate as virtual employees, reliably automating manual, repetitive tasks at scale.

When robotic, intelligent and autonomous systems are integrated, the result is intelligent automation, widening the scope of potential tasks and processes that can be automated. This powerful combination brings transformation across the whole spectrum of emerging technologies such as artificial intelligence, blockchain and the internet of things.

We’ve collected our best insights on this transformative topic impacting our clients.

How can intelligent automation impact portfolio value creation in private equity?

Vijay Bhaskaran

5 Apr 2021

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How EY can help

Accelerating digital transformation with AI

EY ASpace is a unique enterprise Artificial Intelligence (AI) and Automation platform that empowers enterprises to rapidly adopt and scale AI-based solutions, resulting in faster, smarter and more future ready businesses. Built on advanced machine learning algorithms and AI models, ASpace enables end-to-end automation while providing complete data privacy with on-premise installation.

Intelligent automation consulting services

We can help you implement a holistic view of automation, process and service improvement.

Artificial intelligence consulting services

Our Consulting approach to the adoption of AI and intelligent automation is human-centered, pragmatic, outcomes-focused and ethical.

IoT consulting services

Acting as the bridge between the Acting as the bridge between the physical and the digital world, IoT offers a huge opportunity for companies. We help clients effectively capitalize on IoT technology and solutions, linking technology, vendors and customers through a holistic business model. and the digital world, IoT offers a huge opportunity for companies.

Mobility innovation-as-a-service

We can help you innovate, commercialize and scale by focusing on outcomes and adopting a series of key innovation principles.

Blockchain consulting services

Blockchain is a decentralized ledger of each transaction that occurs across a network, enabling the decentralized exchange of trusted data.

The better the question. The better the answer. The better the world works.

Case study: How AI helped an IT major improve its vendor interaction experience

A global IT company strengthened its vendor relationships through improved quality of interactions and minimized operational costs

The better the question. The better the answer. The better the world works.

Are you supporting tomorrow's vendor management with yesterday's technology?

Vendor management receives a technology transformation with AI.

A major IT services company was facing challenges to maintain relationships with its diverse network of over 15,000 vendors, resulting in non-adherence to service delivery agreements. Effective vendor management is key to reducing costs, driving service excellence and mitigating risks.

Since the vendors were spread across multiple regions, effectively addressing the large volume of queries in multiple languages was challenging for the organization leading to poor vendor experiences. This not only had a negative impact on vendor satisfaction levels but also resulted in several contracts with the same vendor or disparate transactions with multiple vendors. Such setbacks caused delays in project completion timelines with lower customer satisfaction levels.

EY was appointed to provide a scalable solution that could meet the rising demands of the organization’s complex supplier ecosystem and support in managing it effectively.

Vendor management - Technology transformation with AI

The better the question. The better the answer. The better the world works.

Providing an Artificial Intelligence enabled interactive experience

EY developed an agile vendor management solution on ASpace to respond to vendor queries on a real-time basis

EY ASpace, an enterprise Artificial Intelligence (AI) and automation platform equipped the organization with new technology capabilities that helped in effectively managing a complex multi-vendor ecosystem. Built on advanced machine learning algorithms and AI models, EY ASpace offered a tailor-made suite of AI solutions and deployed an on-premise multi-channel, multi-lingual chatbot.

The solution comprised a robust AI engine, capable of interpreting the inputs received from different vendors and responding intelligently by interfacing with various other enterprise applications. The combined vision of the organization and EY was to create an AI powered digital workforce that augments human input and creates a better user experience with minimal operating expenditures.

EY ASpace not only enabled end-to-end automation but also offered complete data privacy with on-premise installation.

How EY can help

Accelerating digital transformation with AI

Our constant endeavour is to help businesses build their own automation capabilities to improve governance, reduce costs and create long term value. Through ASpace we helped our IT client resolve vendor queries around the clock, resulting in a significant manual effort reduction and enhanced vendor experience.

Vijay Bhaskaran

EY India Automation and Artificial Intelligence Leader

The deployment of EY ASpace helped the IT multinational to:

Provided its vendors a choice of communication channels to have their queries addressed
Drastically reduced the response time from several days to just a few minutes
Enable secure vendor access through a multifactor authentication mechanism
Save expenditure by eliminating the need to have a multi-lingual team to respond to vendors from various geographies

The EY team enabled the organization to implement a unified system capable of addressing any vendor query in a short span of time leading to a significantly improved vendor experience.

An agile vendor management solution on ASpace

The better the question. The better the answer. The better the world works.

A smart experience that is better for vendors and the business

Deployment of ASpace resulted in an improved vendor experience score and reduction in manual effort

With the vendor management solution powered by EY ASpace, the IT services firm witnessed:

15000+

vendors reached via automated interactions

4000+

queries addressed on an average per day

70%

reduction in manual effort

80%

improvement of Net Promoter Score

EY ASpace powered the organization to take appropriate measures for controlling costs, reducing potential risks related to vendors, ensuring excellent service deliverability while enhancing the overall vendor experience.

It not only offered an automated vendor helpdesk to employees with minimal human effort but also provided the vendors an easy but fully secure access to information related to payment advice, tax etc.

An improved vendor experience score via ASpace

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