EY has announced the launch of EY Ops Chain, a set of applications and services aimed at helping organizations commercialize the use of blockchain technology across the enterprise. EY Ops Chain combines blockchain-based services developed jointly by EY and industry collaborators, combining EY’s full range of consulting, tax and audit expertise to drive enhanced business … More EY infuses blockchain into enterprises and across industries with launch of EY Ops Chain
First published on betterworkingworld.ey.com Blockchain is more than just a data security protocol — it could transform the way industries and individuals do business Blockchain and the proliferation of the Internet of Things (IoT) presents an important opportunity to revolutionize supply chains, payments and revenue streams. But there are several unknowns and a number of … More With blockchain, what comes first, opportunity or threat?
The global technology sector experienced unprecedented divestment activity in 2016, according to the technology findings from the EY Global Corporate Divestment Study. The volume of global technology divestments valued at more than US$100m grew 37% from 2015 to 2016. Mega-divestments, valued at more than US$1b, rose by 300% last year to 28, up from just … More Global technology divestments grew 37% in the last year, driven by digital transformation
Second-order effects of the core disruptive digital technologies — mobile, social, cloud and big data analytics — helped 4Q16 drive full-year 2016 to a second consecutive all-time high for annual tech M&A aggregate value — despite a 15% drop in M&A value for all industries over the same period. While some signs point to moderating … More Technology M&A – 4Q16 / year in review: Digital disruption propels industry shifts & record annual value
Excerpt from EY report, Data ethics: digital dilemmas for the 21st century board. Just over 10 years since the phrase ‘data is the new oil’ (Clive Humby, 2006) was coined, the oil rush is gaining momentum. Companies are competing to create new markets and business models enabled by this rise in data, and unearth fresh … More Just because the law allows you to use data in a particular way, should you?
An overwhelming majority (89%) of power and utility executives say their cybersecurity function does not fully meet their organization’s needs, according to the EY Global Information Security Survey 2016-17. That number continues to rise compared with last year (86% in 2015) as companies struggle to manage increased risk from growth in digital and connected devices. … More Survey shows utilities’ cybersecurity not keeping up with technology
Following the adoption of the Cybersecurity Law of China (CSL) on 7 November 2016 by the National People’s Congress (NPC), the legal framework for data protection and cybersecurity continues to be enhanced at a significant pace. In November 2016, the Ministry of Industry and Information Technology released for consultation a draft Notice on Regulating the … More China is strengthening its legal framework for the digital economy
It’s not a crime to be attacked; you can’t stop being a target. It’s not a crime even to be breached; threats come from many directions and are highly sophisticated. The real problem is not realizing you’ve been breached, and failing to react in a planned and coordinated manner. As many organizations have learned – … More Incident response: Preparing for and responding to a cyber attack
Excerpts taken from EY’s Roselyn Sands, speaking at The American Employment Law Council, Twenty-Fourth Annual Conference, October 2016 Some scholars argue that the introduction of nonhumans into the workplace will have a severely negative impact on employment, while others argue that, as with the industrial revolution, jobs will change in nature but humans will still … More Global transformation of the workforce through technology: employment law considerations
As 2016 draws to a close, it is timely to reflect on EY’s announcement of combined global revenues of US$29.6b for its financial year ended 30 June 2016. Overall, financial year (FY) 2016 revenue grew by 9% in local currency. Opportunities emerging from disruptive technologies helped deliver the fifth consecutive year of double-digit growth for … More Looking back on 2016: EY Law delivers fifth consecutive year of double-digit growth