Ernst & Young (EY) “Big Four” auditor is planning to hire 2,000 employees in India to expand its wings in the sectors of digital solution services, including, artificial intelligence (AI), automation, tax technologies and blockchain, as per the report from The Economic Times (ET) twitter handle on November 23.
As per ET, EY will hire the new employees over the course of next three years, parallel to it global invest plans of $1 billion in “new technologies, client services, innovation and the EY ecosystem” over the period of two fiscal years, starting from July 2018.
The leader of EY Advisory Services India and partner of EY Emerging Markets Centre, Ram Sarvepalli, has contextualized the auditor’s bid to invest in blockchain and other innovative technologies in India as part of the automation and digitization trends across both the private and government sector of the country.
“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.”
Currently, EY has around 2,000 employees on technology and digital solutions across India, and the reportedly they have hired “several new partners” to expand its roots in technology consulting. As per ET, they are the market leaders in advisory services in India, working with nearly 100 local partners and experiencing a steady increase in big scale, complex innovation projects.
Recently, EY also conducted research analyzing blockchain-based platforms and crypto related models in the sector, assessing the risks of initial coin offerings (ICO).
The government of India is also making efforts by promoting its campaign on “digital India”, recently the launch of digital payment gateway from Hitachi Payments and the State Bank of India (SBI), is an addition to it.