Ernst & Young (EY), one of the world’s leading professional services firms, has recently announced the formation of a new Global AI Advisory Council. The council will serve as a platform to guide businesses, governments, and other organizations on how to navigate the complexities of artificial intelligence (AI) as it continues to evolve.
In a move that highlights the growing importance of AI in shaping the future of industries, EY’s initiative aims to bring together experts, technologists, and thought leaders from various fields to discuss and create strategies for the responsible adoption of AI. The council will focus on addressing key issues surrounding AI, including ethical considerations, data privacy, and the potential economic and societal impacts of widespread AI use.
The newly established council is designed to provide a space for collaboration and knowledge-sharing, ensuring that AI technologies are deployed in a way that is both innovative and responsible. The global advisory group will support clients by offering insights on AI governance, regulatory frameworks, and best practices for integrating AI into business operations.
EY’s global leadership sees the AI council as a critical step in helping organizations prepare for the rapid expansion of AI capabilities. According to the company, the council will not only work on advancing the technology but will also play a pivotal role in addressing some of the challenges that come with it. This includes balancing innovation with ethical responsibility and ensuring AI solutions are transparent, accountable, and inclusive.
As part of its mission, the council will also look at the long-term impacts of AI on the workforce and society. This could involve helping businesses plan for how automation and AI might change job roles, as well as offering guidance on reskilling and upskilling employees to work effectively alongside AI systems.
EY has long been an advocate for the transformative power of AI, but with the rapid advancements in the field, the company believes it is now more important than ever to take a proactive approach in guiding organizations through the AI landscape. With the establishment of the AI Advisory Council, EY is positioning itself as a key player in fostering the responsible development and use of AI technologies globally.
The formation of this council underscores the rising importance of AI as a central factor in shaping not just business practices but the broader global economy. As AI continues to disrupt industries, initiatives like this aim to ensure that its growth is both sustainable and aligned with human values.
