KPMG Capital Investment Fundfor Big Data and Analytics
KPMG Capital will support technology partnerships, strategic alliances and the recruitment of top talent to create new Data and Analytics solutions. Currently, 69% of business leaders see data and analytics as strategically important, but only 4% say their company is using them effectively.
NEW YORK, Nov. 11, 2013 /PRNewswire/
KPMG International announced
the formation of KPMG Capital, a new investment fund created to accelerate innovation in data and analytics (D&A) that will help clients of member firms unlock tangible value of their 'big data'.
KPMG Capital will support technology partnerships, strategic alliances and the recruitment of top talent to create new D&A solutions. With these capabilities, KPMG member firms will help clients solve critical business challenges in such areas as new revenue streams, risk management and cost optimization.
The use of D&A has become a critical business priority as companies try to derive value from the vast amounts of data now available to them.
A new KPMG survey of business leaders from many of the world's leading companies found that while 69% see D&A as strategically important to their current growth plans, an overwhelming 96% believe their company is not currently using D&A effectively.
Addressing business challenges: innovating through partnerships
Investment will be made in a number of critical business areas including
- enhancing business flexibility;
- regulation and compliance;
- improving workforce productivity; and
- customer and revenue growth.
KPMG Capital will work to develop solutions that will focus on growth sectors such as healthcare, financial services, energy and telecommunications. KPMG Capital will also aim to invest in, partner with, and acquire organizations that specialize in data and analytics tools and assets.