EY launches Data Privacy Tech Startup Challenge

18 September 2014 Consultancy.uk

Accounting and consulting EY has, together with Pivotal Innovations and Level39, set up the ‘Data Privacy Tech Startup Challenge’, a challenge which seeks six technology concepts that will help companies tackle the data privacy issues arising from the upcoming the EU General Data Protection Regulation and the ‘Right to be Forgotten’. The six startups will follow an intense six-week innovation programme after which a winner will be selected that will receive additional support from EY for its business. 

Data Privacy is an increasingly important issue, and the protection of this data is no longer enough. According to Big Four consulting firm EY, data must be actively managed, which is also recognised by the EU. From late 2014, the EU will unify all data protection with the EU General Data Protection Regulation (EU GDPR), a regulation that will come fully into effect in early 2017. This new regulation will have a large impact on any company that holds personal data*, as consumers will under the regulation have the right to ask companies what data is available, and as a result businesses will need to have technology in place to comply with these changes. The impact of the EU GDPR is expected to create several challenges for companies in the areas of compliance, reputation management, consumer trust and operational efficiency.

Personal Data Privacy

According to EY, data privacy challenges can be best addressed by working together with innovative technology startups, which in its view constitute “part of a revolution of entrepreneurial problem-solving, and are not afraid to disrupt business models and change the already known ways.”

Data Privacy Tech Startup Challenge

To find innovative startups to tackle tomorrow’s problems, EY has set up a challenge to – together with Pivotal Innovations, Level39, and of a number of their large technology, media and telecommunications clients – find six suitable and promising technology startups. The intensive 6-week innovation programme, that starts on November 3rd, will focus on accelerating technological solutions to the key business impacts of the EU GDPR, with an emphasis on challenges posed by the ‘Right to be Forgotten’**. “The ‘Right to be Forgotten’ throws up new challenges in areas such as data capture, privacy, and in the rapid response to removal requests. Dealing with these challenges can be complex and expensive, due to the financial and reputational risk to businesses, and the impact of non-compliance,” says Eric Van der Kleij, Head of Level39, Canary Wharf Group and Director of Pivotal Innovations.

The six startups that will be selected will receive mentorship and training, access to EY clients and funding, and on-going support. During the challenge, the six startups will showcase their technologies to influential stakeholders. The winner of the challenge will receive a secondment of an experienced EY business professional for 6 weeks, will be present at EY events in 2015, and will be fast-tracked into the Cebit Code_N competition.

Commenting on the challenge, Robert Walker, EY Advisory Sector Lead for Technology, Media & Telecommunication, says: “We’re very much looking forward to helping innovative tech startups tackle this topic. This programme will give startups much needed access to big business and help our clients respond to the challenges posed. Innovation is the key to business success so it’s a win-win solution which will see startups benefitting from business leaders and vice versa.”

* Personal data could include items such as name, email address, payment details, social networking posts, medical information, or IP address.

** This gives consumers ‘the right - under certain conditions - to ask search engines to remove links with personal information of them. This applies where the information is inaccurate, inadequate, irrelevant or excessive for the purposes of the data processing’.

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Grey Consulting and Makerversity announce strategic partnership

05 April 2019 Consultancy.uk

Grey Consulting has forged a new alliance with Makerversity, a 500-strong community of the brightest creative innovators, headquartered at Somerset House, London. The partnership hopes to tap into the experimental community to develop pioneering solutions for Grey Consulting’s clients.

In August 2018, one of the world’s largest design agencies surprised the business world by launching a dedicated consulting outfit. The news came as the two industries continued on their trajectory towards a historic synthesis. The consulting industry has been engaged in a pitched battle with the advertising and design space for the past few years, as the former increasingly encroaches on the territory of the latter via a protracted campaign of mergers and acquisitions; but there had been little traffic moving in the other direction.

At its launch, Grey Consulting was not billed as a direct competitor to established consultancies. However, the firm behind the new entity hopes that its creative experience will give it a competitive edge in winning consulting business from its existing clients. The Grey Group is a global advertising and marketing agency with headquarters in New York City, and 432 offices in 96 countries, operating in 154 cities. Grey Consulting opened its doors with a view to aiding clients within the areas of business and brand design, innovation and digital transformations.Grey Consulting and Makerversity announce strategic partnership

Now, as the firm looks to further expand its footprint in the market, Grey Consulting has unveiled details of a ground-breaking new alliance with Makerversity, a 500-strong community of creative innovators headquartered at Somerset House, London. The alignment with Makerversity is hoped to unlock the potential of collaborating with one of the world’s most experimental communities.

Makerversity curates and convenes the best talent across product design, fashion, art and experimental architecture, sustainable materials, IoT, digital manufacturing, and coding. It provides spaces and workshops for professional makers to develop and create their work, supported by Somerset House Trust. The alliance is expected to enable Grey Consulting to develop pioneering solutions for its clients, together with innovators who make something amazing for a living, every day. 

Leo Rayman, Grey Consulting CEO, commented, “This gives our clients the potential to access a network of some of the most diverse and innovative individuals in the world today. Being so tightly connected to a community of makers means we don’t just develop transformational strategies but can quickly realise them in three dimensions. This sets Grey Consulting apart from the pure play strategy houses who are sometimes criticised for not making their thinking real at the pace modern businesses require.” 

Fiona Dent, CEO of Makerversity, added, “Makerversity acts as a catalyst for unexpected encounters, fostering collaborations between an incredible range of the brightest leading creators and innovators. Our experimental approach and engaged members, whose own practice is defining our world, create highly original new outcomes. We are delighted to bring this philosophy to a wider audience and generate interesting projects for Makerversity members through our partnership with Grey Consulting.”