FEATURE : AI
Multi-year cloud and AI alliance to supercharge the employee experience and accelerate innovation for clients across
Audit , Tax and Advisory . a number of business-critical areas including workforce modernization , safe and secure development and use of Artificial Intelligence ( AI ) solutions for clients , industries and society more broadly .
The industry-leading collaboration between the two global organizations includes a KPMG multibillion dollar commitment in Microsoft cloud and AI services over the next five years that will help to unlock potential incremental growth opportunity for KPMG of over US $ 12 billion .
By infusing data analytics AI and Azure Cognitive Services into the audit process , through the KPMG smart audit platform KPMG Clara , 85,000 audit professionals who collectively work on hundreds of thousands of audits a year will be empowered to focus more closely on higher-risk areas of audit , sector-specific risks and challenges – to the benefit of both stakeholders and capital markets .
This integration also opens up new market opportunities for KPMG professionals and their clients .
For example , with the integration of Microsoft Fabric , KPMG teams will have the ability to directly point to client data instead of having to ingest it , which is a key component to helping enable KPMG professionals to perform audits on a more real time basis .
KPMG and Microsoft have announced a significant expansion of their global relationship intended to reshape professional services across
The expanded alliance is pitched as enhancing KPMG client engagements and the employee experience in a way seen as responsible , trustworthy and safe .
Bill Thomas , Global Chairman and CEO , KPMG International , said :
“ Our renewed and strengthened relationship with Microsoft is an exciting moment for our people and our clients . It will help harness the power of our multidisciplinary model by ensuring that our people always have the right expertise , skills and tools to overcome challenges and provide the very best advice to clients . It will also help make KPMG a more agile and resilient business that continues to be an interesting and exciting place to work .”
The Microsoft cloud and Azure OpenAI Service capabilities will empower the KPMG global workforce of 265,000 to unleash their creativity , provide faster analysis and spend more time on strategic
KPMG and Microsoft enter landmark agreement to put AI at the forefront of professional services
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