Tax and advisory services provider EY has established a Global Analytics Center of Excellence to help organizations develop strategies to analyze the ever-increasing volume and variety of business information, in order to gain insights that can help improve business performance and manage risk.

Most organizations have made only modest progress at a strategic level, and have yet to develop a comprehensive framework for how to drive value out of data analytics, the firm says. EY says it will commit to a $500 million, multiyear investment to help clients combine analytics with business acumen, domain and functional skills.

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