KPMG and Microsoft are expanding their multi-decade partnership to capitalize on AI which is swiftly making its way into the corporate and professional services industry.
"We are going to co-develop solutions in the market using a lot of their technology, but using our knowledge and expertise and tax consulting deal advice, auditing to bring together the power of the two businesses" Knopp noted. In addition to Microsoft, the firm also plans to pursue other potential AI partnerships going forward.
Much has been written about the impact AI may have on jobs, including a report by McKinsey which found 25% of current tasks in the U.S could get automated. Knopp believes AI will free up workers to do more high level tasks. "We also think it's going to allow for the movement of more routine, mundane tasks from people to technology, but allows the people in our business to then take that information and use their creative skills to provide more value added advice to our clients" Knopp said.
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