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EY shifting recruitment from B.Comms to Stem

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Helena O’Dwyer, head of wavespace at EY and Frank O’Dea, chief innovation officer

Helena O’Dwyer, head of wavespace at EY and Frank O’Dea, chief innovation officer

Helena O’Dwyer, head of wavespace at EY and Frank O’Dea, chief innovation officer

Professional services firm EY is planning to radically change the focus of its business in Ireland so that one in five of its staff here is technology focused by 2022.

Changes will include shifting its graduate recruitment away from the established route through Commerce and Business Studies degrees into accountancy and audit roles. Instead, EY is targeting that 25pc of graduate hires be drawn from so-called Stem backgrounds - such as science, technology and maths, according to EY's chief technology officer Frank O'Dea.

He spoke as EY is launching a new innovation centre in Dublin today - dubbed EY wavespace - that aims to bring the firm's technology and business experts together with clients for sessions that will use what the company called "design-thinking methodologies" to work out solutions to client problems.

Sessions will range from one-day immersion workshops to long-term projects, to "pop-up" centres brought directly to clients' locations and regional offices in Belfast, Cork, Galway, Limerick and Waterford, according to Helena O'Dwyer, Head of wavespace at EY Ireland.

The new 650 sq m Irish site is in EY's Irish headquarters on Harcourt St, Dublin, and is one of a number of such "hubs" around the world. The Irish facility is big enough to host client groups of up to 120 people, and will have a particular focus on artificial intelligence, robotics, machine learning and data with an eye to automation.

"We're building tech that uses data and machines to automate processes, including routine work tasks a lot of graduates no longer want to do," Frank O'Dea said.

The digitalisation of the economy - including the requirement to audit companies that log massive numbers of daily transactions, mean the same processes are being applied back to EY's own traditional work in audit and accounting, he said.

Unlike the dot-com era when professional services companies KPMG and Arthur Andersen created tech consulting arms later spun out as Bearing Point and Accenture, technology is now pervasive within firms, said Mr O'Dea.

EY has around 3,000 staff on the island of Ireland. It plans to add 600 more this year, and to continue recruiting around that level.

As well as greater recruitment of technologists EY is spending $530m globally in training staff - including in emerging technology.

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