EY named leading innovation advisory service



Independent market research firm Forrester has named Big Four professional services firm EY the worldʼs leading innovation advisor in its new 2018 Q4 report entitled "The Forrester Wave," according to a press release sent to the Budapest Business Journal.

Illustration by Pixabay

Forrester investigated the eight most significant companies in the area based on 17 criteria. The report analyzed companies providing innovation advisory services, evaluating their effect on the technological readiness, strategy, and company culture of their clients.

"The best analysts distinguish themselves by having a wide range of experience, based on which they can give appropriate advice to their clients," says Dan Bieler, leading analyst at Forrester. "EYʼs services are exceptional in terms of their breakthrough effect on company operations."

"Most large domestic companies recognize the importance of innovation; however, many only consider it a PR tool," says Ákos Demeter, partner of EY Hungaryʼs business advisory services. "Another typical example is the creation of external innovation centers, which, however, do not have a real effect on the parent companyʼs activities, operating in an isolated fashion. In order to make technologies improve the competitiveness of domestic companies, large companies have to become innovative themselves, all while operating in an agile way."

The report also noted that EY has developed software simulating business modeling, which lets large companies test their new solutions effectively in a realistic environment.


Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.