Join top executives in San Francisco on July 11-12 to hear how leaders are integrating and optimizing AI investments for success. Learn more
Google Cloud and KPMG recently announced a substantial expansion of their alliance to help enterprises integrate generative AI technologies into their operations. The partnership will merge KPMG’s cloud computing, data analytics and responsible AI capabilities with Google Cloud’s next-gen infrastructure and generative AI capabilities.
The partnership aims to provide practical and real-world applications of generative AI, creating value across numerous industries and empowering employees to adopt data-driven decision-making.
“Google Cloud is focused on applying generative AI to practical, real-world use cases that will create value across all industries,” Google Cloud CEO Thomas Kurian said in a written statement. “Through our expanded alliance with KPMG, we will accelerate the adoption of Google Cloud generative AI in the world’s largest organizations, helping them deliver innovation and empower employees, get more value from data and more.”
>>Follow VentureBeat’s ongoing generative AI coverage<
The companies said the expansion of the alliance is in response to growing demand for AI and cloud-based services. As companies look to accelerate their digital transformation and innovation, this partnership will equip customers with the necessary tools and expertise to fully leverage generative AI and revolutionize their operations.
“As Google Cloud customers look to embed Google’s generative AI capabilities into their businesses, our joint team will help them understand how it can fit into their broader business transformation strategies,” Todd Lohr, US technology consulting leader at KPMG, told VentureBeat. .
This alliance extends the successful partnerships between KPMG and Google Cloud. Lohr said past collaborations include deploying cloud-based intelligent conversational AI for HSBCproviding critical medical predictions of real-time data in the ICU, and offering a 360-degree customer view with advanced analytics for a global life insurance company.
Leveraging generative AI for data-driven decision making
KPMG plans to invest significantly in the rapid training of its team of Google Cloud experts to meet the increasing demand for Google Cloud’s AI innovations. The company told VentureBeat that this would further enable them to help clients integrate Google Cloud’s generative AI technologies into their offices and enable them to efficiently achieve business objectives.
According to Lohr, the collaboration is a fusion of KPMG’s industry-leading expertise in cloud transformation, analytics and responsible AI with Google Cloud’s reliable infrastructure and advanced generative AI capabilities. These capabilities include Google Cloud’s Vertex AI and generative AI app builder products, their large language models (LLMs), and other tools.
“KPMG has focused over the past 12 months on expanding our partnership, building a robust network of certified Google Cloud practitioners (doubling), as well as a catalog of client successes across multiple industries,” said Lohr. “We plan to expand this practice to meet the market demand of this rapidly developing space.”
Initially, the collaboration will focus on serving customers in the financial services, healthcare and retail sectors. Lohr said these industries are already experiencing the immediate impact of generative AI, and the partnership aims to help organizations in the space with data-driven transformation and decision-making.
“These industries all have potential use cases in the front, middle and back offices that can benefit from generative AI. Our experience shows that the organizations that benefit most from emerging technologies are those that develop a cohesive strategy rather than operating in silos,” explains Lohr. “In addition, these three industries are areas where KPMG and Google Cloud have a strong track record of customer success, including the use of AI. This will enable us to build on our previous portfolio of work and use cases and integrate the capabilities into cloud deployments that are already well underway.”
Ensuring responsible adoption of AI
Lohr said the companies will closely monitor how their joint services will impact existing business models and potentially create new ones. They will also consider the implications for talent strategy and how clients can ensure they have appropriate risks and responsible use controls and governance in place.
“Over the past 10 years, KPMG has developed robust AI security and responsible frameworks to help clients adopt emerging technologies with confidence. KPMG applies these proven approaches to quickly develop new solutions, prioritizing protection and following the principles of responsible AI,” Lohr told VentureBeat. “Trust remains a priority for KPMG and is at the heart of everything we do. By combining these capabilities with the secure Google Cloud platform, we can help our customers confidently adopt these capabilities at scale.”
Lohr emphasized that offering customers generative AI and analytics solutions on a secure cloud platform creates an agile and flexible environment, enabling them to rapidly adapt and scale their generative AI capabilities while adapting to the ever-evolving industry landscape .
“By combining KPMG’s industry knowledge and functional expertise with Google Cloud technology, KPMG can help companies harness the potential of generative AI and analytics to quickly adapt to market volatility. We will develop solutions that enable customers to use generative AI to perform rapid data analysis, putting data at their fingertips to improve decision making,” he added.
Lohr believes generative AI will unlock significant economic value for businesses and society. However, he stressed that it is also important to adopt responsible and safe practices when handling such technology.
“Together with our customers, we expect to innovate, learn and build on the technology’s potential,” he said. “While our initial alliance focuses on three industries in the US, we will scale over time and help customers across industries reimagine the way they work and create value.”
VentureBeat’s mission is to become a digital city plaza where tech decision makers can learn about transformative business technology and execute transactions. Discover our Briefings.