The Future of Tech: EY and IBM's Strategic Innovations and Quantum Leap
September 30, 2024, 3:36 am
In the ever-evolving landscape of technology, partnerships often pave the way for groundbreaking advancements. Recently, Ernst & Young (EY) and IBM announced a significant expansion of their collaboration, aimed at reshaping how organizations manage their resources and expenditures. This partnership is not just a business maneuver; it’s a strategic alliance designed to tackle the complexities of enterprise technology spending.
At the heart of this collaboration lies the integration of Apptio’s software capabilities with EY’s extensive expertise in various sectors, including Tax, Corporate Transactions, and IT Financial Management. This merger of strengths aims to create innovative solutions that help clients navigate the intricate web of technology investments. The first two solutions introduced are the EY Agile Planning & Portfolio Management and the EY Cloud FinOps with Apptio Recommendation Engine.
The EY Agile Planning & Portfolio Management solution is akin to a compass for organizations, guiding them to maximize the value of their IT investments. It offers an integrated framework that helps businesses plan, budget, and monitor their strategic outcomes effectively. By employing methodologies borrowed from the banking and financial services sectors, this solution seeks to unlock IT capacity and redirect resources toward critical areas like cybersecurity and artificial intelligence.
Meanwhile, the EY Cloud FinOps and Apptio Recommendation Engine addresses the growing complexity of cloud expenditures. With Gartner predicting a staggering 20.4% increase in public cloud service spending, reaching nearly $679 billion in 2024, this solution is timely. It aims to optimize cloud investments, enhance operational transparency, and set sustainable consumption targets. In a world where cloud costs can spiral out of control, this solution acts as a financial lifebuoy for organizations.
But the collaboration doesn’t stop there. A third solution is on the horizon, focusing on IT cost modeling for transactions. This upcoming tool will combine EY’s services in Strategy & Transactions with Apptio’s costing technology. It promises to streamline the management of transactions and enhance visibility over significant corporate activities, such as mergers and acquisitions.
As EY and IBM forge ahead, they are not just creating products; they are crafting a new narrative in enterprise technology management. Their goal is to empower clients to extract maximum value from their technology investments while navigating the complexities of modern business landscapes.
On another front, IBM is making waves in the quantum computing arena. The company recently expanded its Quantum Data Center in Poughkeepsie, New York, solidifying its position as a leader in this cutting-edge field. The latest addition, the IBM Quantum Heron processor, boasts a remarkable 16-fold improvement in performance and a 25-fold increase in speed compared to its predecessors. This leap in capability opens new doors for algorithm discovery and computational exploration.
The Poughkeepsie center is now home to the highest number of utility-scale quantum computers at a single location globally. This is not just a technical achievement; it represents a shift in how quantum computing can be utilized. With the ability to run quantum circuits more accurately than classical computers, IBM is paving the way for real-world applications that could revolutionize industries.
IBM’s commitment to making quantum computing accessible is evident. Since launching its first quantum computer on the cloud in 2016, the company has continuously broken barriers in both hardware and software. The Qiskit software stack simplifies programming for quantum computers, allowing users to build algorithms tailored to their specific industries.
The collaboration with over 250 organizations worldwide underscores IBM’s vision of a global quantum ecosystem. By providing high-performing quantum systems, IBM enables partners to tackle industry-relevant problems, pushing the boundaries of what is possible in quantum computing.
As IBM continues to expand its quantum capabilities, it remains focused on nurturing the broader technology ecosystem in New York. This commitment extends beyond quantum computing to include advancements in semiconductors, hybrid cloud solutions, and artificial intelligence.
In summary, the collaboration between EY and IBM signifies a strategic shift in how organizations manage technology expenditures. Their innovative solutions aim to simplify complex financial landscapes, allowing businesses to focus on what truly matters: growth and innovation. Meanwhile, IBM’s advancements in quantum computing are setting the stage for a new era of computational power.
Together, these developments illustrate a future where technology is not just a tool but a catalyst for transformation. As companies navigate the complexities of the digital age, partnerships like those between EY and IBM will be crucial in unlocking new opportunities and driving progress. The future is bright, and it’s powered by collaboration and innovation.
At the heart of this collaboration lies the integration of Apptio’s software capabilities with EY’s extensive expertise in various sectors, including Tax, Corporate Transactions, and IT Financial Management. This merger of strengths aims to create innovative solutions that help clients navigate the intricate web of technology investments. The first two solutions introduced are the EY Agile Planning & Portfolio Management and the EY Cloud FinOps with Apptio Recommendation Engine.
The EY Agile Planning & Portfolio Management solution is akin to a compass for organizations, guiding them to maximize the value of their IT investments. It offers an integrated framework that helps businesses plan, budget, and monitor their strategic outcomes effectively. By employing methodologies borrowed from the banking and financial services sectors, this solution seeks to unlock IT capacity and redirect resources toward critical areas like cybersecurity and artificial intelligence.
Meanwhile, the EY Cloud FinOps and Apptio Recommendation Engine addresses the growing complexity of cloud expenditures. With Gartner predicting a staggering 20.4% increase in public cloud service spending, reaching nearly $679 billion in 2024, this solution is timely. It aims to optimize cloud investments, enhance operational transparency, and set sustainable consumption targets. In a world where cloud costs can spiral out of control, this solution acts as a financial lifebuoy for organizations.
But the collaboration doesn’t stop there. A third solution is on the horizon, focusing on IT cost modeling for transactions. This upcoming tool will combine EY’s services in Strategy & Transactions with Apptio’s costing technology. It promises to streamline the management of transactions and enhance visibility over significant corporate activities, such as mergers and acquisitions.
As EY and IBM forge ahead, they are not just creating products; they are crafting a new narrative in enterprise technology management. Their goal is to empower clients to extract maximum value from their technology investments while navigating the complexities of modern business landscapes.
On another front, IBM is making waves in the quantum computing arena. The company recently expanded its Quantum Data Center in Poughkeepsie, New York, solidifying its position as a leader in this cutting-edge field. The latest addition, the IBM Quantum Heron processor, boasts a remarkable 16-fold improvement in performance and a 25-fold increase in speed compared to its predecessors. This leap in capability opens new doors for algorithm discovery and computational exploration.
The Poughkeepsie center is now home to the highest number of utility-scale quantum computers at a single location globally. This is not just a technical achievement; it represents a shift in how quantum computing can be utilized. With the ability to run quantum circuits more accurately than classical computers, IBM is paving the way for real-world applications that could revolutionize industries.
IBM’s commitment to making quantum computing accessible is evident. Since launching its first quantum computer on the cloud in 2016, the company has continuously broken barriers in both hardware and software. The Qiskit software stack simplifies programming for quantum computers, allowing users to build algorithms tailored to their specific industries.
The collaboration with over 250 organizations worldwide underscores IBM’s vision of a global quantum ecosystem. By providing high-performing quantum systems, IBM enables partners to tackle industry-relevant problems, pushing the boundaries of what is possible in quantum computing.
As IBM continues to expand its quantum capabilities, it remains focused on nurturing the broader technology ecosystem in New York. This commitment extends beyond quantum computing to include advancements in semiconductors, hybrid cloud solutions, and artificial intelligence.
In summary, the collaboration between EY and IBM signifies a strategic shift in how organizations manage technology expenditures. Their innovative solutions aim to simplify complex financial landscapes, allowing businesses to focus on what truly matters: growth and innovation. Meanwhile, IBM’s advancements in quantum computing are setting the stage for a new era of computational power.
Together, these developments illustrate a future where technology is not just a tool but a catalyst for transformation. As companies navigate the complexities of the digital age, partnerships like those between EY and IBM will be crucial in unlocking new opportunities and driving progress. The future is bright, and it’s powered by collaboration and innovation.