- EY recognized for focusing on an end-to-end model from ideation to scale
EY has been recognized by Forrester Research as a leader in innovation consulting services in The Forrester Wave™: Innovation Consulting Services Providers, Q4 2018.
The report, which assessed eight consulting services providers, reviews organizations’ core competencies for innovation, including innovation strategy, innovation ecosystems, innovation culture, innovation structure and governance, and dedicated innovation technologies. Forrester’s evaluation helps CIOs, businesses and tech leaders select vendors that can help them strengthen these five central innovation competencies.
The report cites the EY approach with its focus on an end-to-end model strategy to innovation consulting services from ideation to scale, stating that “one key element differentiating EY innovation consulting offering is how it blends business, design, and advanced technology skills into collaborative teams.”
Author Dan Bieler, Principal Analyst, Forrester Research, writes in the report:
“Businesses turn to innovation consulting services vendors to strengthen their own innovation capabilities. The best innovation consulting vendors empower agility and experimentation. What stands out in terms of EY innovation consulting capabilities is this blend of diverse mindsets that is at the core of how breakthroughs are generated and accelerated through to scale.”
The report further notes that EY offers clients a business model simulator that helps executives to question, challenge, invent, and predictively design new business models by offering innovation challenges, idea prototyping, and value propositioning. In addition to the business model simulator, EY offers EY CogniStreamer, an innovation ideation management platform that uses profiling analytics to build teams with the right skills for specific innovation workflow assignments.
Reto Isenegger, EY Global Advisory Strategy Services Leader, says:
“EY clients rely on EY services to help them innovate over the long term and to quickly and effectively adjust to market changes. Through the EY wavespace™ global growth and innovation network, in particular, companies are supported to face the challenges and opportunities of continuous change, digitization and disruption in this transformative age. EY clients are searching for ways to work differently—now more than ever before—and EY teams are working alongside them to help them and unlock the power of key disruptive trends.”
Mike Kanazawa, EY Global Innovation Realized Leader, Strategy Services, Advisory, says:
“Across EY, teams focus on innovation to help clients compete in the digital arena. Leveraging global and local EY resources and embedding innovation ideation, EYQ—the EY global think tank—and EY wavespace™ into EY offerings is clearly making a difference with EY clients, whose input was part of the Forrester assessment.”
To learn more about EY innovation, visit ey.com/wavespace.
Notes to Editors
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