Ernst & Young Oy (EY Finland) and Nokia today said they have formed a strategic alliance that will be rolled-out to other EY member firms across the globe to help “enterprises and communication service providers (CSPs) accelerate their digital and business transformation journey and unleash the business potential of private wireless and 5G network capabilities.”

The alliance will also support enterprises in maintaining resiliency beyond the COVID-19 pandemic, the two organizations said.

“With demand for connectivity peaking under the strain of an increasingly remote working world, emerging technologies including the Internet of Things (IoT), Industry 4.0 (IR4.0), connected products and advanced mobility, are quickly transforming how industries and societies operate.

“At the same time, 69% of organizations are currently investing or planning to invest in 5G, according to recent EY research.”

Greg Cudahy, EY global technology, media & entertainment and telecoms leader, said the “impact of 5G across industries is a growing priority for EY clients undergoing digital and business transformation, as new use cases become a critical focus looking beyond this period of crisis.”

According to the release, digital transformation in the enterprise is “fueling demand for private wireless networks (industrial), IoT devices, analytics, machine learning and ecosystem convergence between operational technology (OT) and information technology (IT). This exponential growth of connected devices increases the risk of cybersecurity breaches.”

In today's fast-changing environment, the alliance will focus on:

  • Fueling digital transformation for manufacturing, energy and operations across industries, including advanced connectivity for enterprises. It will also address the digital transformation taking place across governments and cities.
  • Building cybersecurity and digital trust by “protecting telcos, service providers' and enterprise clients' core operations, and managing the security challenges brought by the increasing prevalence of IoT devices and IT/OT convergence through managed security services and solutions.”
  • Helping accelerate digital transformation for CSPs across their “entire life cycle, driving growth and more efficient operations. This means capturing and monetizing 5G business enterprise opportunities, and digitalizing CSPs' complete business operations to achieve lower-cost-to-serve and enhanced customer experience.”

EY US recently announced an alliance with Nottingham Spirk and the launch of the new EY-Nottingham Spirk Innovation Hub in Cleveland, Ohio,  which is scheduled to open in summer 2021.

Enterprise 5G and edge cloud technology will be a key feature at the Innovation Hub, “as the primary enabler for accelerating industrial automation and connecting people, machines and devices with business processes across industries.”

Nokia will equip the Innovation Hub with Nokia Digital Automation Cloud, a platform for industrial-grade private wireless connectivity and edge computing, and together with EY, they will showcase how robotics and autonomous machine operations can leverage 5G capabilities in the industrial ecosystem of the future, the release said.