EY-Parthenon, the consulting arm of global firm EY, has announced a $250 million investment in its AI-powered Edge platforms. This investment is part of a partnership with Microsoft and OpenAI. The platforms, including Competitive Edge, Diligence Edge, and Capital Edge, provide private equity and corporate clients with advanced technology and relevant datasets. These tools support transformative strategies and transactions, helping businesses create value and gain competitive advantages.
The platforms are used by over 25,000 professionals and 10,000 clients worldwide. Competitive Edge, for example, provides insights into more than 26 million company profiles and 2.1 million transactions. The platforms allow clients to make strategic decisions, leveraging vast amounts of data and AI-supported analysis.
A Unified Global Strategy
As part of its expansion, EY-Parthenon is unifying its strategy and transaction services under a single sub-brand. This move is part of EY’s global strategy, “All in,” designed to enhance the firm’s consulting capabilities across industries. The goal is to deliver market-leading solutions by integrating strategy, transaction services, and transformation functions.
EY-Parthenon’s expanded offering will help clients navigate the increasingly complex business environment. Andrea Guerzoni, EY-Parthenon Global Vice Chair, highlighted the firm’s commitment to delivering practical solutions. He emphasized that the firm is using AI and cross-functional collaboration to shape the future of businesses.
Investing in Emerging Technology and Talent
In response to client demand, EY-Parthenon is focusing on emerging technologies such as AI and data science. The firm is hiring professionals with expertise in these areas to better serve clients. This recruitment strategy addresses the growing need for value-driven insights in fields such as mergers and acquisitions, corporate finance, and strategic advisory.
Additionally, EY-Parthenon is strengthening its Geostrategy Business Group. This group helps clients navigate macroeconomic and geopolitical changes. It provides practical, strategic advice to businesses facing uncertainty in the global market.
Shaping the Future with Confidence
With its $250 million investment, EY-Parthenon is positioned to support clients in overcoming the challenges of the modern business landscape. By combining AI-powered insights with deep industry expertise, the firm reinforces its role as a leader in strategic consulting and transformation services. This investment aligns with EY’s broader mission to help clients shape the future with confidence and navigate an ever-evolving global environment.
