India: ‘Big Four’ Auditor EY to Hire 2K Employees to Develop in Blockchain, AI

India: ‘Big Four’ Auditor EY to Hire 2K Employees to Develop in Blockchain, AI

Blockchain News
December 1, 2018 by XNews Editor 2
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“Big Four” auditor will appoint 2,000 employees in India to expand its digital solution services across blockchain and artificial intelligence (AI).
India 'Big Four' Auditor EY to Hire 2K Employees to Develop in Blockchain, AI

“Big Four” auditor Ernst & Young (EY) will appoint 2,000 employees in India to expand its digital solution services across blockchain, artificial intelligence (AI), automation and tax technologies. The news was first stated by English-language, Indian news outlet The Economic Times and posted to EY India’s officialTwitter Nov. 23.

As per the Times, EY will be recruiting the new talent over the next three years, in parallel to its global plans to invest $1 billion in “new technologies, client services, innovation, and the EY ecosystem” over a two fiscal year period, as of July 2018.

The leader of EY Advisory Services India and partner of EY Emerging Markets Centre, Ram Sarvepalli, have contextualized the auditor’s bid to follow blockchain and other bleeding-edge technologies in India as part of an extensive digitalization and automation trend across both government and the private sector:

“There is significant capital available for new startups and big Indian companies are investing in digital [and] this is triggering a massive opportunity and the need for hiring digital talent […] [D]igital governance and citizen services are themes that almost every state is focusing on.”

EY allegedly has over 2,200 people working on digital and technology solutions across service lines in India, and the auditor is mentioned to have hired “several new partners” to expand its capacity in technology consulting. As per the Times, the auditor is the market leader in advisory services in India, functioning with over 100 local partners and witnessing a “steady increase” in large-scale, complex innovation projects.

As a Cointelegraph analysis piece underlined in October, EY has been operating to legitimize and foster enterprise blockchain adoption at scale by developing sector-specific auditing tools such as its in-house block explorer, named “EY Blockchain Analyzer.”

The auditor has also directed research into blockchain-related platforms and crypto-related models, lately identifying and reporting risks around Initial Coin Offerings (ICO) in particular.

As stated this fall, fintech solutions are booming under the aegis of the Indian government’s “Digital India” campaign, most lately with the introduction of a nationwide digital payments project from Hitachi Payments and the State Bank of India (SBI).


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