EY opens EY wavespace in Bucharest, developing digital solutions for companies

EY Romania opens in Bucharest the EY wavespace, a part of the global network of innovation initiatives focused on developing digital solutions for companies in development and transformation.

EY wavespace has 40 network locations, located in major cities such as Amsterdam, San Francisco, Madrid, Berlin and Hong Kong, based on a common methodology and platform combining EY’s expertise in disruptive technologies – such as artificial intelligence, process automation (RPA), blockchain, intelligent data analysis and cyber security – and across sectors such as financial, energy, retail, and other services.

Designed as a solution-oriented innovation center, EY wavespace Bucharest has a team of over 100 people with skills in various areas of excellence: programming, design, consulting and data analysis. These specialists aim to come up with solutions to solve the business challenges of the digital era, starting from various technologies and business models.

The EY wavespace in Romania is the only one in the EMEIA (Europe, Middle-Eastern Europe, India and Africa) region that focuses on Intelligent Automation.

”Romania is an important digital hub, and the qualification and specialization of its human capital makes it possible to open such a center of excellence in Romania. EY’s experience and the connection of local IT entrepreneurs to specialized mature markets will help develop new technology-based solutions. Through this initiative, we aim to support the transformation process that many companies are crossing through, helping them to adapt quickly to market changes. The EY wavespace global network now also includes Bucharest, along with centers such as San Francisco, Madrid or Berlin, and connects the business environment and the IT entrepreneurial ecosystem in Romania to our global experience in disruptive technologies,” said Bogdan Ion, country managing partner at EY Romania.

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Simultaneously with the launch of the wavespace, EY introduces a new innovation practice within the company. Using its own tools, such as EY Cognistreamer, EY offers a business model simulator that helps executives ask questions, and predictively create and design new business models and business prototypes.

EY Cognistreamer is a new business ideas management platform that offers industry-specific analyses to companies that want to revise their business models and build specialized teams for initiatives that include new technologies.