KPMG and Google Cloud Expand Alliance to Accelerate Adoption of Generative AI Across Enterprises

Google Cloud and KPMG recently announced a substantial expansion of their alliance to assist enterprises integrate AI technologies into their operations. The collaboration will combine KPMG’s expertise in cloud computing, data analytics and responsible AI with Google Cloud’s next-generation infrastructure and generative AI capabilities.

The partnership aims to deliver real-world, practical applications of generative AI, creating value across numerous industries and empowering employees to make data-driven decision-making.

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

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The companies said the alliance expansion is in response to growing demand for AI- and cloud-based services. As companies seek to accelerate their digital transformation and innovation, this collaboration will provide customers with the tools and expertise they need to take full advantage of generative AI and revolutionize their operations.

As Google Cloud customers look to incorporate Google’s generative AI capabilities into their business, our joint team will help them understand how it can fit into their broader business transformation strategies, Todd Lohr, leader of the US technology consulting at KPMG.

This alliance extends the successful collaborations between KPMG and Google Cloud. Lohr said previous collaborations have included implementing cloud-based intelligent conversational AI for HSBC, providing critical medical predictions from real-time data in the ICU, and delivering a 360-degree customer view with advanced analytics for a global life insurer.

Leverage Generative AI for data-driven decision making

KPMG plans to invest significantly in rapidly training its team of Google Cloud experts to meet the growing demand for Google Clouds AI innovations. The company told VentureBeat that this would allow them to further assist clients in integrating Google Clouds generative AI technologies into their offices and enable them to achieve business goals efficiently.

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 trusted infrastructure and state-of-the-art generative AI capabilities. These capabilities include Google Clouds Vertex AI and Generative AI app building products, their large language models (LLM), and other tools.

KPMG has focused on expanding our partnership over the past 12 months, building a strong network of certified Google Cloud professionals (doubling it) as well as a catalog of customer successes across multiple industries, Lohr said. We intend to expand this practice to meet the market needs of this rapidly developing space.

Initially, the partnership will focus on serving clients in the financial services, healthcare and retail industries. 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.

All of these industries have potential use cases in the front, middle and back office that will 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, Lohr explained. Additionally, these three industries are areas where KPMG and Google Cloud have a strong track record of customer success, including the use of artificial intelligence. This allows us to build on our past portfolio of use and work cases and integrate the capabilities into cloud deployment paths that are already well underway.

Ensure 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 the appropriate controls and governance in place for risk and responsible use.

Over the past 10 years, KPMG has developed robust AI security and responsible frameworks to help customers adopt emerging technologies with confidence. KPMG is applying these proven approaches to rapidly develop new solutions, prioritizing protection and adhering to responsible AI principles, Lohr told VentureBeat. Trust continues to be a priority for KPMG and is at the heart of everything we do. Combining these features with Google Cloud’s secure platform means we can help our customers adopt these features confidently at scale.

Lohr emphasized that offering customers AI and generative analytics solutions on a secure cloud platform creates an agile and flexible environment, allowing them to quickly adapt and scale their AI generative capabilities as they adapt to the ever-changing industry landscape.

By combining KPMG’s industry knowledge and functional experience 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 will enable customers to use generative AI to conduct rapid data analysis, putting data at their fingertips for better decision-making, he added.

Lohr believes that generative AI will unlock significant economic value for business and society. However, he stressed that it is also important to have responsible and safe practices when dealing with such technology.

Together with our customers, we expect to innovate, learn and harness the potential of technology, he said. While our initial alliance is focused on three industries across the United States, we will grow over time, helping clients across all industries reinvent the way they work and create value.