Microsoft and KPMG Announce Major Expansion of Partnership to Accelerate AI and Cloud Capabilities

Microsoft and professional services firm KPMG have announced a significant expansion of their long-standing global partnership, with KPMG committing billions of dollars over the next 5 years to adopt Microsoft’s cloud and artificial intelligence (AI) services. The extended collaboration aims to modernize KPMG’s workforce, enhance client services through new capabilities, and responsibly apply AI to benefit clients and society.

KPMG’s multibillion dollar investment in Microsoft technologies is expected to unlock over $12 billion in incremental growth opportunities for the firm. By leveraging Microsoft’s cloud platform Azure and AI services like Azure OpenAI, KPMG aims to boost employee productivity and creativity. The 265,000 strong KPMG workforce will be able to spend more time on strategic advice and accelerated digital solution development for clients.

As an early access partner for Microsoft 365 Copilot and Azure OpenAI Service, KPMG professionals will pilot these new AI capabilities across the organization. This will augment their expertise and experience with advanced AI, providing enhanced insights and services for clients. Over 2,500 joint Microsoft and KPMG clients are expected to benefit from the fusion of Microsoft’s leading AI with KPMG’s consulting capabilities.

The expanded alliance focuses on transforming KPMG’s core service areas of audit, tax and advisory:

Audit: Integrating data analytics, AI and Azure Cognitive Services into KPMG’s smart audit platform Clara will allow 85,000 KPMG auditors to focus on high risk audit areas while harnessing AI to enhance quality. This opens new market opportunities for KPMG’s audit services.

Tax: Azure OpenAI Service and Microsoft Fabric integration into KPMG’s Digital Gateway platform will provide clients transparent access to data to holistically manage tax functions. A co-developed AI solution leverages Azure OpenAI to rapidly analyze ESG data for tax reporting.

Advisory: Building an AI-enabled application development platform on Azure will expedite specialized solution creation for clients, enhancing competitive advantage while prioritizing ethics and security.

Additionally, KPMG and Microsoft will collaborate on ESG initiatives, building on existing successes like the KPMG Circularity Tracker and ESG data analytics solution using Microsoft sustainability cloud services. Joint social impact efforts will continue through initiatives like the UNESCO education coalition.

This major expansion of the over decade long Microsoft/KPMG partnership signals a deepening relationship between the two organizations to shape the future of cloud computing and AI in business. By combining Microsoft’s leading technology with KPMG’s experience and reach, clients are expected to achieve accelerated transformation and growth.

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By: Darrin DeTorres

Darrin DeTorres is the founder and main contributor to the Taikover blog. As an expert marketer with 13 years of experience, he has been an early adopter of many emerging technologies. In 2009 he recognized the impact Social Media would have on businesses and subsequently helped many in Florida establish their social presence. Darrin also has had an interest in Cryptocurrency and the Block Chain. He is a contributor to the site, RunsOnCrypto.com. Darrin believes that AI will have an immediate impact on small businesses and is hoping to educate the masses on Artificial Intelligence via www.Taikover.com

Disclaimer: The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. The Microsoft name, logo, and related assets are trademarks of the Microsoft Corporation. This article uses these assets under permissible fair use for news reporting purposes only. The use of these assets does not imply endorsement or sponsorship by KPMG, Microsoft, or the author. All other trademarks are the property of their respective owners.