
What EY's Canceled Breakup Means for Enterprises
Description
What EY's Canceled Breakup Means for Enterprises
This IDC Perspective discusses why EY has pulled back from "Project Everest," its ambitious plan to split the firm into two separately owned businesses offering auditing services ("AssureCo") and advisory and IT services ("NewCo"). The plan could have given enterprises more choice of consulting and IT services vendors. Although Project Everest has returned to base camp, the issues it aimed to solve have not gone away. "For the moment, we are back to square one, with the partnership-based Big Four multidisciplinary (audit, advisory, and tax) professional services firms on one hand, and the publicly listed global IT services players on the other hand," said Erin Hichman, research manager, Digital Business Professional Services at IDC. "However, the Project Everest no-go has created unique circumstances for enterprises. If there was ever a time when EY has to be humble and listen to its clients with special attention, it's got to be right now." Enterprises should be aware of the continued evolution of the Big Four firms toward advisory and technology-related services, and EY clients in particular should take this opportunity to influence the future strategy of the firm.
Please Note: Extended description available upon request.
Table of Contents
7 Pages
- Executive Snapshot
- Situation Overview
- Why Project Everest Would Have Been Good for Enterprises
- Why Did It Fail?
- Where Are We Now?
- What Next After Project Everest?
- Advice for the Technology Buyer
- Learn More
- Related Research
- Synopsis
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.