KPMG and Microsoft have expanded their global relationship that will reshape professional services across a number of business-critical areas including workforce modernization, safe and secure development, and the use of Artificial Intelligence (AI) solutions for clients, industries, and society more broadly.
The industry-leading collaboration between the two global organizations includes a KPMG multibillion-dollar commitment to Microsoft Cloud and AI services over the next 5 years that will help to unlock potential incremental growth opportunities for KPMG of over $12 billion.
The expanded alliance will enhance KPMG client engagements and supercharge the employee experience in a way that is responsible, trustworthy, and safe.
Mr. Majid Makki‚ Partner and Head of Management Consulting and Technology Advisory, KPMG in Kuwait, said that‚ “The relationship with Microsoft is as exciting as it is promising. Through this collaboration, we intend to boost employee experience to the next level and drive accelerated innovation for clients across services in Audit, Tax, and Advisory. Microsoft Cloud and Azure OpenAI service capabilities will enable us to deliver more creativity, quicker analysis and help us provide more strategic advice, ensuring that the clients are up to speed with the rapidly evolving AI landscape while acquiring their business objectives.
“AI and cloud are gateway technologies with tremendous potential to unlock sustainable future value and, by embracing them, we aim to become a more agile and resilient business, suited to support not only our people and clients but also the communities we operate in,” Mr. Makki added.
The Microsoft Cloud and Azure OpenAI Service capabilities will empower the KPMG global workforce of 265,000 to unleash their creativity, provide faster analysis and spend more time on strategic advice.
The company noted that this will enable them to help clients, including more than 2,500 KPMG and Microsoft joint clients, keep pace with the rapidly evolving AI landscape and solve their greatest business challenges while positioning them for success in the future world of work.
“As an early access partner for Microsoft 365 Copilot and Azure OpenAI Service, KPMG professionals will pilot the technologies with select business groups across the global organization, bringing together the increased capabilities of these tools with their experience, insights, and sector expertise to enhance client engagements and accelerate digital solution development,” according to the statement.