• EY recognized for focusing on an end-to-end model from ideation to scale

The report, which assessed eight consulting services providers, reviews organizations’ core competencies for innovation, including innovation strategy, innovation ecosystems, innovation culture, innovation structure and governance, and dedicated innovation technologies. Forrester’s evaluation helps businesses select vendors that can help them strengthen these five central innovation competencies.

The report cites the EY approach with its focus on an end-to-end model innovation consulting services from ideation to scale, stating that “one key element differentiating EY innovation consulting offering is how it blends business, design, and advanced technology skills into collaborative teams.”

The report further notes that EY offers clients a business model simulator that helps  executives to question, challenge, invent, and predictively design new business models by offering innovation challenges, idea prototyping, and value propositioning. In addition to the business model simulator, EY offers EY CogniStreamer, an innovation ideation management platform that uses profiling analytics to build teams with the right skills for specific innovation workflow assignments.

Commenting on the distinction awarded to EY, Charalambos Constantinou, Partner and Head of Advisory Services of EY Cyprus, said: "Being named a leading provider of innovation consulting services is an honour for EY and a recognition of the pioneering work done by EY teams throughout the world, including Cyprus. At a time of drastic transformation, EY supports its customers in their efforts to develop their business and stand apart by addressing challenges and harnessing creatively the forces released by innovation and new technologies.”

To learn more about EY innovation, visit ey.com/wavespace.