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EY releases more than 20 new Assurance technology capabilities supported by Microsoft alliance in first year of US$1b investment program

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  • Assurance technology applications hit milestone 500,000 users, benefitting from the performance and stability of Microsoft Azure
  • Recent releases include integrated and transformed analytics that use Microsoft Azure and Microsoft Power BI
  • Integration of Microsoft Artificial Intelligence capabilities within EY next generation Assurance technology platform supported by release of Microsoft Azure OpenAI Service

LONDON, Aug. 31, 2023 /PRNewswire/ — The EY organization today announces an expansion of its collaboration with Microsoft, as the EY organization completes the first 12 months of a four-year investment of more than US$1b to deliver its next generation Assurance technology platform. The EY organization’s investment is part of a sustained focus on maintaining the highest-level of audit quality, promoting confidence in business and the capital markets, and providing for a scalable and right-sized audit that aligns with companies’ transformation agendas.

The expansion of the EY organization’s collaboration with Microsoft follows this year’s release of more than 20 new major Assurance technology capabilities. This is part of the multi-year EY program to integrate advanced technologies into one seamless platform and drive transformation through the next generation of data access capabilities and advanced analytics; Artificial Intelligence (AI); and an elevated user experience. This transformation is supporting 500,000 EY professionals and external users, powered by Microsoft Azure.

Marie-Laure Delarue, EY Global Vice Chair – Assurance, says:
“The EY organization has reached the first milestone in a four-year investment program to integrate and transform EY Assurance technology. The EY and Microsoft Alliance is central to this program as the EY organization delivers on its commitment to continuously improve audit quality; drive sustainable long-term value; and facilitate greater confidence among EY stakeholders and the stakeholders of companies served.”

The first 12 months of the EY organization’s Assurance technology investment has included the release of next generation audit data analytics utilizing Microsoft Power BI. The EY organization’s release uses the combined power of EY and Microsoft capabilities, which provide agile development and delivery in a unified approach – including Microsoft Fabric. This transforms the user experience and supports the full integration of data analytics capabilities directly into the workflow of the EY Assurance technology platform. EY Assurance teams now process over 775b lines of journal entry data each year, as part of the EY digitally transformed audit.

This follows the integration of EY Canvas – the EY organization’s audit technology application – with Microsoft Azure, which has provided strong performance and extensibility in support of EY’s delivery of more than 150,000 audits globally. This includes the 99.99% availability of EY Canvas powered by Microsoft Azure in the last 12 months, enabling one of the largest business-to-business (B2B) platforms in the profession.

The recent release of new Assurance technology capabilities across the EY organization includes globally scaled AI. These AI enabled capabilities – leveraging publicly available and EY generated data – are directly integrated with EY Canvas to support EY Assurance professionals in assessing risk. The EY organization is also introducing new AI enabled capabilities in predictive analytics; content search and summarization; and document intelligence, including financial statement tie-out procedures. Through these developments, EY teams have been using Azure Cognitive Services, to integrate AI into the audit process.

The EY and Microsoft Alliance additionally provides EY Assurance teams with early access to new Microsoft technologies, and the ability to integrate more Microsoft products into the EY Assurance technology platform. This includes the internal EY release of Azure OpenAI Service, helping EY professionals to experience the potential of generative AI capabilities; and to benefit from early access to Microsoft 365 Co-Pilot.

Marc Jeschonneck, EY Global Assurance Digital Leader, says:
“EY’s investment is facilitating the integration and transformation of data-driven audits and other assurance services, powered by the Microsoft Cloud and including the latest Microsoft Power BI capabilities.”

Andreas Toggwyler, EY Global Assurance Technology Officer, says: 
“Leveraging Microsoft Azure enables EY Assurance to further increase the performance and resilience of EY’s Assurance technology platform.”

Paul Goodhew, EY Global Assurance Innovation Leader, says:
“EY is accelerating delivery of emerging technologies including artificial intelligence – from ideation to scaled release – through the integration of Microsoft technologies with EY’s platform.”

Arun Ulagaratchagan, Corporate Vice President of Azure Data, Microsoft, says:
“EY’s Assurance technology platform, powered by the Microsoft Cloud, is enabling the transformation of EY’s audit and assurance services. Our common aim to advance game changing new technologies, including data-driven AI, will remain central as we iterate on the next generation of EY and Microsoft technologies.”

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More information on the EY-Microsoft Alliance, can be found here

About EY

EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

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CCTV+: When French Elegance Meets Chinese Style | The Romantic Tale between the Porcelain Capitals of China and France

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BEIJING, Oct. 22, 2024 /PRNewswire/ — This summer, the global spotlight once again focused on the romantic city of Paris, where the 33rd Summer Olympic Games were successfully held and concluded. Before the opening ceremony of the Paris Olympics, the French National Olympic and Sports Committee collected four Chinese blue and white porcelain artworks, and said that the set of blue and white porcelain art not only demonstrates the exquisiteness of traditional Chinese craftsmanship, but also reflects the global resonance of the Olympic spirit.

Limoges, a city in the south of France, is one of the oldest cities and is known as the “Porcelain Capital” of France. Like Jingdezhen, China’s porcelain capital, Limoges showcases the charm of porcelain in many ways, making it a part of life and art, and it also committed to the inheritance of ceramic craftsmanship and culture.

On the streets of Limoges and on the campus of Jingdezhen Ceramic University, there stands a pillar made of blue and white porcelain. This set of artworks, created in 2018, is the joint work of teachers and students of École Nationale Supérieure d’Art Limoges and Jingdezhen Ceramic University.

When French elegance meets Chinese style, and when Chinese skills encounters French artists, a romantic melody of porcelain resonates between the “porcelain capitals” of China and France. Jingdezhen and Limoges, two ancient cities, have produced exquisite ceramic works in different time and background, continuously attempting to understand each other’s cultures and engaging in cultural exchanges. This mutual attraction and interest rooted in historical memory offers endlessly fascinating and witness the inclusiveness and mutual learning between China and France.

In 2010, Jingdezhen and Limoges became sister cities, with ceramic culture serving as the common language. A year later, École Nationale Supérieure d’Art Limoges and Jingdezhen Ceramic University exchanged art students, who became young ambassadors for cultural and artistic exchanges between the two cities and two countries.

Friendship, which derives from close contact between peoples, holds the key to sound state-to-state relations. This year marks the 60th anniversary of diplomatic relations between China and France. The two ancient porcelain capitals have forged a bond through ceramics, connecting China and France, communicating with each other, and will write a new chapter in Sino-French cultural and artistic exchanges.

Video – https://mma.prnewswire.com/media/2536695/video.mp4 

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Marintec Innovation Conference 2024 – Charging the Future: Focus on Alternative Energy Sources

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HONG KONG, Oct. 22, 2024 /PRNewswire/ — The maritime industry is on the point of undergoing a radical transformation, and the Marintec Innovation Conference is at the forefront of this evolution, charting a course towards a sustainable, zero-carbon future. While previous conferences have focused on the technological aspects of shipbuilding to meet decarbonisation targets, 2024 will be the year of “Alternative Energy and Fuels Contribute to Low Carbon Maritime”, promising to be a beacon of innovation and collaboration, lighting the way for the industry’s green transition.

Set against the vibrant backdrop of Shanghai, the conference will take place at the Shanghai Renaissance Zhongshan Park Hotel on 12 – 13 December 2024. This event is not just another conference; it’s a convergence of the brightest minds and leading organisations dedicated to pioneering alternative energy sources and low-carbon solutions.

Glimpse into the Future. Envision a world where ships sail the seas powered by renewable energy sources that leave no carbon footprint. This vision is now within reach, thanks to the pioneering discussions and innovations that will be showcased at Marintec Innovation 2024. The conference will feature pivotal sessions such as:

  • Review and Outlook: Dive into the latest advancements in renewable energy sources and their seamless integration into maritime operations.
  • Sailing Efficiency – Shipowner’s Perspective: Hear firsthand from leading shipowners about practical strategies to enhance operational efficiency.
  • Industry Chain Support: Discover the collaborative efforts across the maritime value chain that are driving these innovations forward.

Voices of Innovation. The lineup of speakers reads like a Who’s Who of the maritime world. The conference will feature insights from industry giants like ABB, ABS, the China Association of the National Shipbuilding Industry, CSSC Shanghai Marine Energy Saving Technology, CSSC Silent Electric System (Wuxi) Technology, DNV, Headway Technology, the International Chamber of Shipping (ICS), the International Windship Association (IWSA), Jotun, Kongsberg Digital, Trelleborg Marine Systems, Ulstein, Wikborg Rein Advokatfirma, and many more. Their collective expertise will provide attendees with a unique opportunity to learn from the leading figures in the field.

Collaborative Effort. We are honored to have the support of esteemed organisations such as the China Association of the National Shipbuilding Industry, the China State Shipbuilding Corporation, the Chinese Society of Naval Architects & Marine Engineers, the Norwegian Business Association, and Charity Partner, MercyShips. We would also like to express our gratitude to the Ministry of Foreign Affairs of Denmark, the Danish Export Association, the Norwegian Maritime Exporters, and the UK’s Department of Business and Trade for their valuable support. These collaborations demonstrate a shared commitment to a sustainable maritime future.

Innovation on Display. In addition to the compelling sessions and expert speakers, the event will feature sponsors like Bestway, Shanghai Moury Marine Equipment, Shanghai SIBO Automation, Shanghai Tonghe Marine Equipment, Zhenjiang Tongzhou Propeller, and many others showcasing their cutting-edge innovations. This is set to be one of the most momentous maritime gatherings of the year.

Networking Opportunities. Beyond the sessions, Marintec Innovation 2024 offers networking activities designed to foster collaboration and build lasting connections. Networking Refreshments and Luncheons will provide attendees with the opportunity to engage with industry leaders and peers, while the Closing Dinner will offer a relaxed setting for more in-depth discussion and networking.

Call to Action. The time to act is now. Industry stakeholders must unite and commit to investing in and adopting alternative energy technologies. By working together, we can navigate the challenges and lead the maritime industry into a sustainable, zero-carbon future. This conference is not just an event; it’s a movement towards a greener, cleaner world for future generations.

Join Us. Registration is now open, we encourage industry professionals, researchers, and enthusiasts to register early to secure their spot at this landmark event. For more information and to register, please visit www.marintecchina.com.

Marintec Innovation Conference Background:

Following its inaugural edition in 2017 during Marintec China, the Marintec Innovation Conference will be held in December of even-numbered years at the Shanghai Renaissance Zhongshan Park Hotel. Organised by Informa Markets and SSNAME, Marintec Innovation continues to provide a unique platform for fostering interactions on diverse findings and advancements in the maritime industry through collaboration and knowledge sharing.

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Marintec Innovation’s Themes
2017: Cruise Shipbuilding at Marintec China
2018: International Marine Intelligent Energy Efficiency Technology
2020: The Fourth Industrial Revolution at Sea
2022: Defining the Path to Decarbonisation
2024: Alternative Energy and Fuels Contribute To Low-carbon Maritime

Organisers of Marintec China:

Marintec China is organised and managed by Informa Markets and Shanghai Society of Naval Architects & Marine Engineers (SSNAME).

Informa Markets

Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com

Shanghai Society of Naval Architects and Marine Engineers (SSNAME)

Shanghai Society of Naval Architecture and Marine Engineers (SSNAME), founded in early 1951, is the first scientific and technological society in the field of shipbuilding and marine engineering of the People’s Republic of China. SSNAME currently has 5,000 individual members and more than 60 group members. It has 5 working Committees, 11 Specialized Committees and 3 Representative offices. As an important non-governmental scientific and technological society with high reputation and influence in the international field of shipbuilding and marine engineering, SSNAME has been committed to promoting the progress of shipbuilding and marine engineering technology and international exchanges and cooperation. SSNAME has established closely cooperative relations with 14 well-known overseas maritime engineering societies, such as SNAME, RINA, STG, JSNAOE, SNAK and so on. It is the initiator and first chairman of the Pan-Asian Association of Maritime Engineering Societies (PAAMES) and is also a member of the International Standing Committee of the World Maritime Technology Conference (WMTC). The “Xin Yixin Ship and Marine Engineering Science and Technology Innovation Award” founded by SSNAME has become an important award for scientific and technological talents. SSNAME organizes many academic exchanges, popular science and scientific and technological publication every year. For more information, please visit www.ssname.com.cn.

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Xinhua Silk Road: Annual Conference of Financial Street Forum 2024 spotlights financial cooperation and development opportunities

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BEIJING, Oct. 22, 2024 /PRNewswire/ — Themed on “Trust and Confidence – Work Together to Promote Financial Openness, Cooperate for Shared Economic Stability and Growth”, the Annual Conference of Financial Street Forum 2024 concluded on Sunday.

During the event, Chinese and foreign participants have conducted in-depth discussions on current economic and financial hot topics in an attempt to enhance mutual trust, deepen win-win cooperation and share development opportunities.

Many foreign institutions expressed their willingness to further promote investment in China at this year’s conference.

Both China and Germany are facing social challenges such as aging problem, said Markus Kobler, the CFO and member of the executive board of DWS Group, adding that the two sides can establish an open financial market, expand bilateral investment, strengthen financial and asset management cooperation, and jointly develop strategic emerging industries, such as green technology and transportation automation, to achieve win-win results. 

Noting how to deepen the financial sector’s role in serving the real economy, Weng Qiwen, director of China Centre for Promotion of SME Development, said that the new round of industrial revolution requires matching financial innovation and financial reform.

According to Weng, it is necessary to cultivate the “craftsman spirit” of the capital market and guild long-term capital into the financial market in an attempt to advance the development of new quality productive forces.

Regarding the current financial challenges related to new technologies, new applications and new risks, Li Yang, chairman of National Institution for Finance & Development, believes that the correct financial function is the basis for preventing financial risks.

According to Li, more efforts should be made to further balance the relationship between functionality and profitability, deal with the relationship between lifting financial repression and preventing excessive financialization, continue to reduce circulation costs and financing costs, and meet the diversified financing needs of the national economy. 

Original link: https://en.imsilkroad.com/p/342711.html

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