Funding, combined with a new Innovation Lab,
will deepen the organizations' relationship to help global clients
realize the value of emerging technologies like Generative AI by
combining data, analytics and AI/ML capabilities with business
intelligence
NEW
YORK, July 9, 2024 /PRNewswire/ -- Today,
Deloitte announced the creation of a multi-year strategic
collaboration agreement with Amazon Web Services (AWS) to help
clients around the world scale their Generative Artificial
Intelligence, data and analytics and quantum computing capabilities
by using AWS services, such as Amazon SageMaker, Amazon Bedrock,
Amazon Q and Amazon Braket. Together, the two organizations will
establish an Innovation Lab, helping clients explore future
technologies like artificial general intelligence (AGI), quantum
machine learning (ML) and autonomous robotics, and work to help
joint clients innovate and solve industry-specific issues using the
capabilities that Generative AI has to offer. In addition, the two
organizations will make funding available to support customers
taking successful proofs of concept (POCs) into production. The
effort is aligned to Deloitte's IndustryAdvantage™ initiative, a
strategic $2 billion investment to
co-innovate with eligible clients and alliances to develop
industry-focused solutions.
The Innovation Lab will allow Deloitte and AWS engineers to
collaborate on building industry-specific solutions across
financial services; government and public sector; life sciences and
health care; media and telecommunications; consumer; and energy,
resources and industrials. This will build on the work Deloitte and
AWS are already doing to support customers across industries with
Generative AI, through existing industry offerings such as
TrueServe™, a suite of leading contact center technologies with
built-in-AI to enhance responsiveness, and the Converge™ by
Deloitte portfolio — specifically its BankingSuite solution to
help modernize financial institutions' legacy stack and
ConvergeSECURITY, which aids cloud transformation efforts through
AI-enabled cloud security.
For example, Deloitte's C-Suite AI™ for CFOs is one of the first
POCs being developed out of the lab. It builds large language
models (LLMs) that can simplify enterprise contract workflows,
offers a custom GPT to answer CFO questions, generates investor
documentation drafts and automates customer service. It enables the
streamlining of financial functions in the key areas of planning,
operations, reporting and investor relations. C-Suite AI is a tool
powered by NVIDIA to help financial services industry clients build
custom LLMs with Amazon Bedrock.
Amazon Bedrock is a fully managed service that offers a choice
of high-performing foundation models (FMs) from leading AI
companies via a single API, along with a broad set of tools
offering the capabilities organizations need to build Generative AI
applications with security, privacy and responsible AI.
In the spirit of continuous improvement and being innovative
leaders, Toyota Motors North America (TMNA) has embraced the power
of AWS machine learning and decision intelligence services to
enhance their data ecosystem and deliver value to their
customers.
"Deloitte and TMNA's collaboration has been a key contributor to
ML and decision intelligence-enabled innovative solutions like
dynamic pricing and parts forecasting to drive business value,"
said Kamal Distell, vice president
of Data and Data Science at Toyota Motors North America. "Advancing
TMNA's technology and data capabilities can change the way we
provide enhanced services for the future."
An expanding relationship
As an AWS Partner Network (APN) Premier Tier Services Partner
for over seven years, Deloitte recently achieved the AWS Generative
AI Competency status at launch — in addition to receiving the
AWS Cloud Operations Competency status for its work in cloud
financial management, cloud governance, monitoring and
observability and operations management.
"This initiative will usher the next generation of this
promising technology into production and help improve the
operational efficiencies of the enterprise," said Dounia Senawi, chief commercial officer,
Deloitte Consulting LLP. "By bringing an industry-specific
lens to each of our clients, we are tapping into Deloitte's
IndustryAdvantage™, demonstrating our ability to harness powerful
technologies like Generative AI to help increase workforce
productivity, create a competitive edge in the market and improve
end-customer satisfaction."
"Customers across industries are seeking to understand the full
transformative potential of Generative AI to generate value for
their business," said Ruba Borno,
vice president, Global Specialist and Partner Organization, Amazon
Web Services. "Our collaboration with Deloitte has accelerated
industry innovation with customers by combining technical and
industry experience, along with the choice and the flexibility for
customers to use a combination of different foundation models for
their specific use cases."
Deloitte continues to scale its AI capabilities, alliances and
offerings following the introduction of its Generative AI
practice in 2023. With a full spectrum of tailored AI services
and its deep industry and domain knowledge, Deloitte supports
clients at every stage of their transformational journey, from
developing AI strategies to building and implementing Generative AI
solutions that enhance productivity and deliver greater client
impact. Deloitte is infusing Generative AI capabilities across its
own enterprise, rolling out purpose-specific LLMs and chatbots to
support specialized teams across its business. These tools are
applied with Deloitte's Trustworthy AI™ framework to manage AI
risks and improve user confidence and trust. Additionally, Deloitte
is increasing AI fluency, training more than 120,000 professionals
via the Deloitte AI Academy™ and investing more
than $2 billion in global technology
learning and development initiatives to boost skills in AI and
other areas.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and
advisory services to many of the world's most admired brands,
including nearly 90% of the Fortune 500® and more than 8,500
U.S.-based private companies. At Deloitte, we strive to live our
purpose of making an impact that matters by creating trust and
confidence in a more equitable society. We leverage our unique
blend of business acumen, command of technology, and strategic
technology alliances to advise our clients across industries as
they build their future. Deloitte is proud to be part of the
largest global professional services network serving our clients in
the markets that are most important to them. Bringing more than 175
years of service, our network of member firms spans more than 150
countries and territories. Learn how Deloitte's approximately
457,000 people worldwide connect for impact at
www.deloitte.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu
Limited, a UK private company limited by guarantee ("DTTL"), its
network of member firms, and their related entities. DTTL and each
of its member firms are legally separate and independent entities.
DTTL (also referred to as "Deloitte Global") does not provide
services to clients. In the United
States, Deloitte refers to one or more of the US member
firms of DTTL, their related entities that operate using the
"Deloitte" name in the United
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SOURCE Deloitte