KPMG, a worldwide network of professional firms specializing in Audit, Tax, and Advisory services, has entered into a multi-year partnership with Microsoft to modernize its workforce, bolster development efforts, and integrate artificial intelligence (AI) solutions into its offerings. This collaboration involves KPMG investing $2 billion in Microsoft Cloud and AI services over the next five years.
KPMG has joined forces with Microsoft to revolutionize client engagement across the audit, tax, and advisory sectors by harnessing the capabilities of the Microsoft Cloud and Azure OpenAI Service.
With a global workforce of 265,000 professionals, KPMG aims to empower its employees with increased flexibility for innovation, expedited analysis processes, and a sharper focus on delivering strategic guidance.
By prioritizing workforce transformation, implementing secure development practices, and leveraging AI solutions, the partnership aims to modernize KPMG’s professional services.
Collaboratively, KPMG and Microsoft have developed an AI solution utilizing the Azure OpenAI Service. This service offers a robust means of analyzing Environmental, Social, and Governance (ESG) data, identifying trends, and generating ESG tax transparency reports.
KPMG plans to introduce novel client servicing models and drive higher output through the use of an AI-powered virtual assistant. Leveraging generative AI tools will significantly enhance the efficiency and timeliness of data analysis for tax professionals and their clients.
Just this month, Microsoft has partnered with various companies in Asia Pacific to leverage its cloud computing platform.
The company collaborates with Indigital and traditional owners on artwork and landscape design for its new Western Sydney data center.
Moreover, it also signed partnership agreements with Digital Dubai and Moro Hub to implement the Dubai Digital Cloud project.
