The company providing professional auditing and consulting services; KPMG has decided to use artificial ielligence and Microsoft cloud services to improve its operations. KPMG has committed to spending at least $2 billion on these Microsoft services over the next five years. KPMG believes the investme will generate $12 billion in poteial revenue for the company.
The Big Four accouing firm confirmed this information to the AI Business news organization and said that KPMG is planning to make this $2 billion investme in artificial ielligence and Microsoft cloud services over the next five years.
KPMG has announced that it expects to generate more than $12 billion in poteial revenue for its company by investing heavily in more advanced technologies such as artificial ielligence and workforce modernization. Because they believe that this will allow them to provide better services to their customers.
KPMG’s investme is also expected to enhance the productivity, creativity and user experience of the firm’s 265,000 global employees worldwide.
As part of its partnership with Microsoft, KPMG will have access to new and special technology tools that are not yet available to the public. For example, the company will have early access to Microsoft 365 Copilot, an artificial ielligence assista built io Microsoft 365 applications. In addition, KPMG will also have access to the Azure OpenAI service, a tool that allows developers to use models created by OpenAI to build new AI applications.
This early access enables KPMG to test these technologies with only a select few clies. This type of limited testing is importa because it allows KPMG to see how well new technologies work and how their clies respond to them before making them widely available to the public.
KPMG Iernational CEO Bill Thomas said in a stateme: “KPMG is embracing the future by harnessing the poteial of artificial ielligence, and we believe that artificial ielligence is the key to unlocking sustainable growth in a way that creates a better future for our people, clies and society. Makes.”
In particular, KPMG plans to use data analytics and artificial ielligence to automate, accelerate and enhance its audit, tax and advisory capabilities. The company uses these technologies to automate certain activities that are currely done manually.
For example, KPMG and Microsoft recely partnered to develop an AI solution that can analyze environmeal, social and governance (ESG) data faster and at scale. In addition, KPMG plans to launch a virtual assista that uses artificial ielligence to help tax professionals and make them more efficie in their tasks.
