Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

KPMG and Google Cloud expand efforts to roll out GenAI

Partners say generative AI could help CFOs with strategic planning, consumers with automated assist, and corporations with cyber security.

KPMG trusted-genai-nowindow.jpeg
Ben Ames
By Ben AmesApr 04, 2024
Ben Ames
Ben Ames is Editor at Large and a Senior Editor at Supply Chain Xchange's sister publication, DC Velocity.
See Full Bio

Consulting and professional service firm KPMG LLP is expanding its strategic alliance with Google Cloud to help accelerate enterprise adoption of generative AI (GenAI) technologies, the companies said today.

The deal establishes a KPMG Google Cloud Center of Excellence (CoE) that will combine Google Cloud's technologies—such as its Gemini AI (the chatbot interface formerly known as Bard) and Vertex AI (a machine learning platform that lets users train new AI models)—with KPMG's industry knowledge. 

As part of the initiative, Google Cloud will upskill KPMG professionals to train them on Google Cloud AI technologies. For example, KPMG will deploy Gemini for Google Cloud for the consulting firm’s own internal use, such as using coding assistance for software development, and using natural language chat interfaces to analyze business data.

By partnering, the two companies plan to accelerate delivery of a range of AI solutions for enterprises in areas including:

  • CFO office transformation: using AI-powered insights to enhance productivity in strategic planning, forecasting, and performance management.
  • Customer support: using AI to enhance the customer buying experience through agent assist features.
  • AI-powered security: using AI to support the development of security frameworks to help organizations better prepare and protect against security threats and vulnerabilities.

According to KPMG, the collaboration will also include steps to ensure “the responsible and ethical use of artificial intelligence technologies.” The company pursues that through “Trusted AI,” its framework for aligning AI systems with ethical standards, legal requirements, and societal expectations.

The concept of setting standards for ethical AI has gotten increased attention since the Biden Administration in 2023 launched a U.S. Department of Commerce initiative supporting the development and deployment of trustworthy and safe AI. The White House said that effort was needed to address concerns about how companies might apply the powerful technology in areas like safety and security, consumer privacy, and workers rights.


 

 

 

ArticleTech & InfrastructureTechnology
kpmggoogle cloud
ArticleTech & InfrastructureTechnology
kpmggoogle cloud

Recent

chart of robot adoption in factories
Article

Global robot density in factories has doubled in 7 years

A photo of brown paper packages tied up with shiny red ribbons.
Plan

SMEs hopeful ahead of holiday peak

More Stories

screen shot of AI chat box

Accenture and Microsoft launch business AI unit

In a move to meet rising demand for AI transformation, Accenture and Microsoft are launching a copilot business transformation practice to help organizations reinvent their business functions with both generative and agentic AI and with Copilot technologies.


The practice consists of 5,000 professionals from Accenture and from Avanade—the consulting firm’s joint venture with Microsoft. They will be supported by Microsoft product specialists who will work closely with the Accenture Center for Advanced AI. Together, that group will collaborate on AI and Copilot agent templates, extensions, plugins, and connectors to help organizations leverage their data and gen AI to reduce costs, improve efficiencies and drive growth, they said on Thursday.

Keep ReadingShow less

Featured

logistics-3125131_1920.jpg
Move

State of Logistics Report: A guide and a call to action

SCQ21_SOL_inventory600x400.jpg
Article

From standing still to sprinting full-out

SCQ22_SOL_inventory.jpg
Article

Riding the bullwhip

On the same page
Article

On the same page

Mobile robots, drones move beyond the hype
Featured

Mobile robots, drones move beyond the hype

holiday shopping mall

Consumer sales kept ticking in October, NRF says

Retail sales grew solidly over the past two months, demonstrating households’ capacity to spend and the strength of the economy, according to a National Retail Federation (NRF) analysis of U.S. Census Bureau data.

Census data showed that overall retail sales in October were up 0.4% seasonally adjusted month over month and up 2.8% unadjusted year over year. That compared with increases of 0.8% month over month and 2% year over year in September.

Keep ReadingShow less
chart of sectors leasing warehouse space

3PLs claim growing share of large industrial leases, CBRE says

Third-party logistics (3PL) providers’ share of large real estate leases across the U.S. rose significantly through the third quarter of 2024 compared to the same time last year, as more retailers and wholesalers have been outsourcing their warehouse and distribution operations to 3PLs, according to a report from real estate firm CBRE.

Specifically, 3PLs’ share of bulk industrial leasing activity—covering leases of 100,000 square feet or more—rose to 34.1% through Q3 of this year from 30.6% through Q3 last year. By raw numbers, 3PLs have accounted for 498 bulk leases so far this year, up by 9% from the 457 at this time last year.

Keep ReadingShow less
chart of global supply chain capacity

Suppliers report spare capacity for fourth straight month

Factory demand weakened across global economies in October, resulting in one of the highest levels of spare capacity at suppliers in over a year, according to a report from the New Jersey-based procurement and supply chain solutions provider GEP.

That result came from the company’s “GEP Global Supply Chain Volatility Index,” an indicator tracking demand conditions, shortages, transportation costs, inventories, and backlogs based on a monthly survey of 27,000 businesses. The October index number was -0.39, which was up only slightly from its level of -0.43 in September.

Keep ReadingShow less
employees working together at office

Small e-com firms struggle to find enough investment cash

Even as the e-commerce sector overall continues expanding toward a forecasted 41% of all retail sales by 2027, many small to medium e-commerce companies are struggling to find the investment funding they need to increase sales, according to a sector survey from online capital platform Stenn.

Global geopolitical instability and increasing inflation are causing e-commerce firms to face a liquidity crisis, which means companies may not be able to access the funds they need to grow, Stenn’s survey of 500 senior e-commerce leaders found. The research was conducted by Opinion Matters between August 29 and September 5.

Keep ReadingShow less
Copyright ©2024.