In an era where technology is rapidly advancing, companies are constantly seeking ways to stay ahead of the curve and embrace the power of AI to drive growth and efficiency. Microsoft and KPMG, two global leaders in their respective fields, have recently announced an expansion of their AI partnership, opening up exciting possibilities for both organizations.
The strategic agreement holds the potential to unveil substantial opportunities for growth, amounting to billions of dollars, particularly in pivotal sectors such as cybersecurity, cloud computing, and tax services.
Furthermore, the expansion aims to unlock a staggering $12 billion worth of growth opportunities, foreshadowing a promising future for both entities in AI.
Microsoft announced the partnership with KPMG through a press release. As per the announcement, the expansive capabilities of Microsoft Cloud and Azure OpenAI Service will serve as catalysts for KPMG’s extensive global workforce of 265,000 individuals to unlock their creative potential.
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. This will enable them to help clients, including more than 2,500 KPMG & 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, said the company in the press release.
One of the most noteworthy components of the enhanced collaboration involves the fusion of Microsoft’s AI services and KPMG Clara, the smart audit platform of the firm. The integration would empower KPMG auditors to leverage AI, thus enabling smooth navigation through intricate auditing procedures.
Satya Nadella, the CEO of Microsoft, expressed his optimism regarding this alliance, deeming it a genuine avenue to employ the advanced capabilities of AI for revolutionary transformation across various industries, including professional services. He stated that the enhanced collaboration would amalgamate AI advancements throughout the Microsoft Cloud, leveraging the specialized tax, audit, and advisory of KPMG.