KPMG expects to invest US$5 billion on digital leadership in professional services

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20 December 2019- KPMG recently announced investments in technology, people and innovation, and expects to spend US$5 billion over the next five years to enhance its leadership position in the digital transformation of professional services.

This investment will accelerate the digital transformation of KPMG firms and their clients, who will benefit from the latest technological advancements across Tax and Advisory and the expertise of highly-skilled KPMG professionals to help them transform their business.

KPMG’s investment will be prioritized in three key areas to strengthen client relationships and capitalize on growth opportunities in a time of transformative change. These include

— Technology: consistent, global cloud-based platforms to drive the quality of service delivery and new client-facing business solutions and managed services

— People: augmenting the digital skills of KPMG’s global workforce and expanding talent in areas such as data science and digital architecture

— Innovation: extending the range of digital offerings and winning work through a diversified ecosystem of strategic alliances and a global innovation network

Arun Kumar, Chairman and CEO, KPMG in India says, “KPMG in India is proud of our partnership with Microsoft which combines our business functional and sectoral expertise with the power of Microsoft technologies to help clients transform their business. In India we already have a dedicated team of 250 plus technology professionals who work on such transformation engagements. KPMG’s global commitment to investing in Microsoft solutions adds to the capabilities we can jointly offer our clients in India and the region.”

Anant Maheshwari, President, Microsoft India, said, “KPMG’s deep industry expertise combined with Microsoft’s trusted cloud platform, Azure, have created best-in-class digital transformation outcomes for enterprises and governments across the country. The new investments in technology, people and innovation will enable us to jointly offer the latest professional services solutions and further accelerate the digital progress of organizations.”

KPMG enters five-year agreement with Microsoft to invest in cloud-based technologies

KPMG is utilizing Microsoft technology – including Microsoft Azure and Microsoft 365 – to create a common, global cloud-based platform and extend its range of digital offerings.

In India, KPMG and Microsoft’s collaboration involves:

Providing Corporate services to Microsoft
KPMG helps clients transform their businesses with market solutions based on Microsoft technologies and delivered by our domain specific service lines
KPMG in India work towards Central and State govt. health initiatives and with leading Telcos
KPMG has signed up for the Microsoft digital first laptops, notebooks to lead by example for our clients for digital transformation. Our sales progression in India is tracked and monitored on Microsoft business apps platform.

Key investments to help clients navigate tax and legal landscape

KPMG continues to invest heavily in tax technologies to help tax and legal leaders and their departments tackle regulatory change, streamline processes and data management, experience enhanced reporting and enable effective collaboration across departments. KPMG will invest more in cognitive, AI and machine learning capabilities to transform tax and legal functions.

Co-creating market-leading Advisory capabilities with clients and alliances

KPMG’s digital transformation approach helps member firm clients align their operations across the enterprise and enable an integrated customer journey by leveraging KPMG’s Connected Enterprise and Powered Enterprise solutions. Additional leading capabilities include analyst-recognized Cyber security solutions and advanced use of AI and intelligent automation in Regulatory Driven Transformation and Deal Advisory solutions. KPMG professionals have access to globally consistent tools and solutions, benchmarks and industry analytics to provide clients with consistent support wherever they do business.

KPMG strengthens global innovation capabilities

KPMG continues to stimulate technology innovation through a number of global programs including its growing ecosystem of strategic alliances and KPMG Global Lighthouse, its Center of Excellence for Data-driven Technologies.

KPMG is further investing in its global innovation network with currently 51 locations. This includes Insights Centers – high-tech collaborative environments where we explore data-driven technologies, emerging trends and the latest analytic solutions and services – and Innovation Labs, where KPMG professionals work with clients in an immersive process to innovate business models.

In addition, KPMG’s Sensory Advantage Ecosystem is a global network of human and digital resources to help proactively identify early marketplace trends and signals and bring research to help clients accelerate their growth and success