Mumbai, May 28:
KPMG International has launched KPMG Insights Labs, a virtual research
and development (R&D) centre in Bangalore, that will serve as a
global innovation hub. The aim is to incubate and develop data driven
business solutions for KPMG member firms’ clients.
The creation of KPMG Insights Labs is the latest step KPMG has taken to
expand its portfolio of data and analytics (D&A) solutions and
services, with new innovative solutions to help member firms’ clients
unlock the value of their data.
In November 2013, KPMG International announced the launch of KPMG
Capital, a fund created to accelerate innovation in D&A services and
solutions. Since December 2013, KPMG member firms in the US, UK and
Australia announced a number of acquisitions or partnerships that are
designed to offer D&A and digital solutions to clients helping them
manage risk and cost, and drive growth.
As the global R&D resource for D&A solutions in India, the
Insights Labs will undertake R&D for the assets acquired by KPMG
Capital as well as for existing KPMG intellectual property. All of
KPMG’s member firms worldwide can access the details, a statement from
KPMG noted.
The company's Insights Lab, with hub locations in the UK, US and India
will provide an environment where new D&A applications can be
developed, proof of concept designs demonstrated and verified, and ideas
incubated.
"The Insights Labs are intended to fill a critical gap for clients,''
said Mark Toon, Global Leader of Data and Analytics and CEO of KPMG
Capital. "The Labs were designed with input from member firms’ clients
and alliance partners, and will help them to explore and pressure test
new applications and simulate real scenarios to derive insights
faster.''
He added that more than ever, businesses need decision backed by
insight, and the KPMG Insight Labs have been created to accelerate the
pace of innovation.
"The new lab in Bangalore recognises the capabilities of our Indian data
scientists and will act as ground to build solutions for Indian and
global markets. Indian clients are getting more sophisticated about use
of data and analytics and KPMG lab in Bengaluru will help our clients to
experience first and the art of the possible and the art of the
probable in leveraging their data for faster, more insightful
decisions,'' added Amit Khanna, Data and Analytics lead for KPMG in
India.
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Courtesy: thehindubusinessline
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