Ernst & Young has formed a strategic alliance with the SAS Institute to provide data analytics technology to clients.
The alliance focuses on combining the data, software and processing capabilities of SAS with EY's consulting and market experience. Clients will get a single access point for advanced analytics services. That includes areas such as stress testing and capital management, financial crime and fraud prevention, forensic investigation, fraud detection, surveillance, litigation and regulatory response, tax reporting and information management, and insurance claims fraud management.
The long-term strategic relationship will include market collaboration, co-innovation, and implementation support and enablement activities. Combining EY's cross-sector experience and the power of the SAS® platform, the alliance will accelerate the delivery of disruptive analytics services that can help organizations achieve greater return on their data.
"Analytics is transforming how businesses operate, and EY is investing to embed analytics capabilities across our services,” said EY global chairman and CEO Mark Weinberger in a statement. “The skills, brand, relationships and subject matter expertise of EY, paired with the robust platform and market penetration of SAS, offer a very compelling value proposition for our clients. Looking ahead, we see an opportunity to further innovate and create new services with SAS.”
EY will work closely with SAS’s research and development organization to collaborate on developing new analytics offerings.
"This agreement will allow us to combine our powerful analytics platform with EY's deep industry and functional experience to help clients more effectively make key strategic business decisions based on their data investments,” said SAS CEO Jim Goodnight. “The expanded relationship also can include new product development initiatives that will help us bring new offerings to the market and further refine our existing analytics solutions."
IDC research director Michael Versace sees advantages in the deal for both EY and SAS. “Co-innovation as a cultural imperative in and of itself is a tremendous asset to have in the market for both EY and SAS,” he said. “And as the digital enterprise strategies of their clients begin to take hold, the ecosystem of consulting services and technologies that co-innovation generates will create a differentiated value proposition for both organizations."
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