KPMG and Google Cloud expand alliance to accelerate the adoption of generative AI among enterprises

Google Cloud and KPMG lately introduced a considerable enlargement of their alliance to help enterprises in integrating generative AI applied sciences into their operations. The collaboration will merge KPMG’s proficiency in cloud computing, knowledge analytics and accountable AI with Google Cloud’s next-gen infrastructure and generative AI capabilities. 

The partnership goals to present sensible and real-world purposes of generative AI, creating worth throughout quite a few industries and empowering workers to undertake data-driven decision-making.

“Google Cloud is focused on applying generative AI to practical, real-world use cases that will create value across industries,” Thomas Kurian, CEO of Google Cloud, stated in a written assertion. “Through our expanded alliance with KPMG, we will accelerate the application of Google Cloud generative AI throughout the world’s largest organizations, helping them deliver innovation and empower employees, create more value from data and more.” 

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The corporations stated the alliance’s enlargement is in response to the rising demand for AI and cloud-based providers. As companies search to accelerate their digital transformation and innovation, this collaboration will equip purchasers with the vital instruments and experience to totally leverage generative AI and revolutionize their operations.

“As Google Cloud clients look to embed Google’s generative AI capabilities into their business, our joint team will help them to understand how it can fit into their broader business transformation strategies,” Todd Lohr, U.S. expertise consulting chief at KPMG, informed VentureBeat. 

This alliance extends the profitable collaborations between KPMG and Google Cloud. Lohr stated that earlier collaborations have included implementing cloud-based clever conversational AI for HSBC, offering vital medical predictions from real-time knowledge in the ICU, and providing a 360-degree buyer view with superior analytics for a world life insurer.

Leveraging generative AI for data-driven determination making 

KPMG plans to make investments considerably in the speedy coaching of its crew of Google Cloud specialists to meet the growing demand for Google Cloud’s AI improvements. The firm informed VentureBeat that this might additional allow them to help purchasers in integrating Google Cloud’s generative AI applied sciences into their places of work and empower them to obtain enterprise goals effectively.

According to Lohr, the collaboration is a fusion of KPMG’s industry-leading experience in cloud transformation, analytics and accountable AI with Google Cloud’s dependable infrastructure and cutting-edge generative AI capabilities. These capabilities embody Google Cloud’s Vertex AI and generative AI app builder merchandise, their giant language fashions (LLMs), and different instruments.

“KPMG has focused on expanding our partnership over the past 12 months, building a robust network of certified Google Cloud practitioners (doubling it), as well as a catalog of client successes across multiple industries,” stated Lohr. “We intend to expand this practice to meet the market demands of this rapidly developing space.”

Initially, the partnership will think about aiding purchasers in the monetary providers, healthcare and retail industries. Lohr stated that these industries are already experiencing the instant affect of generative AI, and the partnership goals to assist organizations in the house with data-driven transformation and decision-making.

“These industries all have potential use cases across the front, middle and back offices that stand to benefit from generative AI. Our experience shows that the organizations that benefit the most from emerging technologies are those that develop a cohesive strategy rather than operating in siloes,” defined Lohr. “Additionally, these three industries are areas where KPMG and Google Cloud have a strong track record of client success, including the use of AI. This allows us to build on our past portfolio of work and use cases and integrate the capabilities into cloud implementation journeys that are already well underway.”

Ensuring accountable AI adoption

Lohr stated that the corporations would carefully monitor how their joint providers will affect present enterprise fashions and probably create new ones. They may even contemplate the implications for expertise technique and how purchasers can guarantee they’ve the acceptable threat and accountable use controls and governance.

“Over the past 10 years, KPMG has developed robust AI security and responsible frameworks to help clients confidently adopt emerging technologies. KPMG is applying these tried-and-trusted approaches to rapidly develop new solutions while prioritizing protection and adhering to the principles of responsible AI,” Lohr informed VentureBeat. “Trust continues to be a priority for KPMG and is at the center of everything we do. Combining these capabilities with the secure Google Cloud platform means that we can help our clients adopt these capabilities confidently at scale.”

Lohr emphasised that providing purchasers generative AI and analytics options on a safe cloud platform creates an agile and versatile atmosphere, enabling them to shortly adapt and scale their generative AI capabilities whereas adapting to the always evolving {industry} panorama.

“Combining KPMG’s industry knowledge and functional expertise with Google Cloud technology, KPMG can help businesses harness the potential of generative AI and analytics to quickly adapt in the face of market volatility. We will develop solutions that allow clients to use generative AI to conduct rapid data analysis, putting data at their fingertips to improve decision-making,” he added.

Lohr believes that generative AI will unlock important financial worth for companies and society. However, he emphasised that it is usually vital to have accountable and safe practices in place when coping with such expertise.

“Together with our clients, we expect to innovate, learn and build on the potential of the technology,” he stated. “While our initial alliance is focused on three industries in the U.S., we will scale over time, helping clients across industries to reimagine their ways of working and creating value.”

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