KPMG has expanded its alliance with Google Cloud, investing $100m to advance generative AI, data analytics, and cybersecurity solutions for Fortune 500 companies and global enterprises.
The firm projects this investment will drive $1bn in incremental growth, underscoring the strategic importance of the alliance in addressing evolving client needs, according to FF News.
the move aims to empower enterprises by solving complex business challenges, focusing on data modernisation and responsible AI adoption.
Early traction has been observed in industries such as consumer and retail, healthcare, and financial services. The partnership will also enhance KPMG’s training initiatives, with an emphasis on Google Cloud and generative AI certifications, making these available across the organisation.
KPMG has already achieved success with generative AI solutions. Internally, it deployed Vertex AI Search to streamline data analysis and enable efficient exploration of datasets.
Leveraging this expertise, KPMG is now developing advanced generative AI agents for clients. By integrating retrieval augmented generation (RAG) techniques with AI tools like Vertex AI, KPMG enables clients to unlock data value irrespective of their cloud provider.
Key initiatives under the expanded partnership include:
- Introducing Vertex AI and Gemini models to financial services, enhancing processes like fraud detection and commercial lending.
- Using Google Cloud’s Healthcare API to improve disease detection, care management, and clinical trial operations in healthcare.
- Optimising consumer and retail operations with generative AI use cases, including a recent project where KPMG helped a multinational retailer leverage Google BigQuery for real-time data insights.
Steve Chase, vice chair at KPMG, artificial intelligence and digital innovation, said, “By tailoring solutions to the specific customers, business models and workflows of each industry, KPMG and Google Cloud will empower our clients to fully leverage AI and drive value across their enterprises.”
Carl Carande, global head and US vice chair – KPMG advisory, added, “This investment marks an exciting milestone in KPMG’s commitment to bringing our clients the best talent and a leading technology ecosystem.”
Google Cloud’s president of global revenue, Matt Renner, highlighted the alliance’s impact, stating, “Through this next phase of our partnership, KPMG will help rapidly accelerate generative AI adoption by providing customers with the solutions, expertise, and technical resources needed to maximize potential from this powerful technology.”
Both firms are committed to responsible AI practices, with KPMG joining Google’s SecOps programme to deliver advanced cybersecurity solutions. By combining KPMG’s industry expertise with Google Cloud’s technology, the partnership is set to transform enterprise operations and deliver sustainable growth across sectors.
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