KPMG announced that it had formed a strategic alliance with Data bricksa leader in data and artificial intelligence, to help the company’s customers in the UK get the most out of their data and AI and enable them to innovate faster.
Research has shown that generative AI (Gen AI) could add An additional £31 billion ($39.5 billion) to the UK economy per year, according to KPMG estimates. According to the company, the Databricks alliance will help its customers seize this opportunity and achieve their broader business goals.
KPMG’s technical expertise, in combination with Databricks Data Intelligence Platform, will help customers innovate using an open and scalable platform to meet all their data-driven requirements. Databricks’ leading data intelligence platform forms an open data management architecture that improves data analysis and helps drive greater collaboration.
“It is impossible to realize the benefits of investments in AI without good databases, including accuracy and access to data,” comments Ian West, head of alliances at KPMG UK. “As AI evolves at such a pace, organizations need to know that any tools they use or create are developed on the best data architecture with an appropriate data strategy. This is why we are delighted to announce our alliance with Databricks, so that we can support our customers, whether it is to better use their data and innovate quickly or to offer them more robust audits.
Building Strong Databases and Using Gen AI to Drive Business Value
KPMG’s Audit department also integrates the Databricks Data Intelligence platform within KPMG Claire, KPMG’s global auditing technology platform. Using Databricks technology, the companies say KPMG auditors can analyze billions of financial transactions across thousands of audits, improving audit quality and deeper insight into audit risks.
