KPMG is to invest $100m in its Google Cloud capabilities as the professional services consultancy expands its digital transformation offering to include generative AI, data analytics, and cybersecurity
Seeking to ‘accelerate the digital transformation journey’ for its clientele, KPMG is expanding its Google Cloud offering as part of their multi-cloud strategy to service major enterprise customers.
New solutions in AI, ML, analytics, data warehousing and modernised infrastructure will be designed to deliver business change and solve complex challenges. KPMG will also leverage Vertex AI and retrieval augmented generation (RAG) techniques in a strategy to provide deeper data insights and efficiencies for clients across public cloud providers.
A Q3 earnings report revealed a 35% boost in cloud sales, and with key clients in retail, healthcare, and financial services ideally-positioned for AI adoption, KPMG estimates this investment will drive $1 billion in incremental growth.
Steve Chase, Vice Chair, Artificial Intelligence and Digital Innovation at KPMG, 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. Integrating KPMG’s deep industry, data and AI expertise with Google Cloud’s cutting-edge AI technology is a powerful combination that has boosted our clients’ market advantage, and this expansion will scale the impact we deliver for clients. We believe that professional services is going through the largest transformation that it will likely ever go through."
Read the full release here.