KPMG UK, a major player in the consulting and accounting industry, has entered into a strategic partnership with Databricks, renowned for its excellence in data and artificial intelligence (AI) solutions.
This collaboration is set to enhance the capabilities of KPMG’s clients, allowing them to harness their data more effectively and innovate at an unprecedented pace.
The primary goal of this alliance is to tap into the vast potential of generative AI, which is projected to contribute an additional £31bn annually to the UK economy. By leveraging Databricks’ expertise and technology, KPMG aims to unlock this lucrative opportunity for its clients, guiding them towards achieving their broader business objectives.
KPMG stands out for its deep technical know-how and a comprehensive understanding of the audit and consulting realms. Partnering with Databricks’ cutting-edge Data Intelligence Platform, KPMG is poised to offer its clients a seamless, scalable solution for all their data-driven needs. This platform is not just about data management; it’s a catalyst for enhanced data analysis and collaboration.
Databricks distinguishes itself with a leading data intelligence platform that epitomises an open data management architecture, crucial for refining data analysis and bolstering teamwork. Meanwhile, KPMG is integrating Databricks technology within KPMG Clara, its flagship global audit technology platform. This integration is expected to revolutionize how financial transactions are analyzed across numerous audits, significantly improving audit quality and offering deeper insights into associated risks.
KPMG Head of Alliances Ian West said, “It is impossible to achieve value from investments in artificial intelligence without good data foundations, including data accuracy and access. With AI moving at such pace, organisations need to know that any tools they use or build are developed on the best data architecture with an appropriate data strategy. That’s why we are thrilled to announce our alliance with Databricks, so we can support our clients, whether it’s to better utilise their data and innovate at speed or to deliver them more robust audits.”
Databricks VP of Northern Europe Michael Green said, “In 2024 we will start to see more UK businesses build solid data foundations, democratising data across an organisation so that generative AI can start to drive tangible business outcomes.
“We are therefore proud to form this alliance with KPMG to support more businesses in adopting a modern data architecture – one that is built on open standards with a robust governance model.”
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