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    KPMG opens innovation centre in Bengaluru, second after Mumbai

    Synopsis

    The first one was opened in Mumbai in 2022 where the company has demonstrated accelerators built with partners, hyperscalers and original equipment manufacturers like Oracle, Microsoft, Google, Salesforce, ServiceNow, Adobe, OutSystems and startups.

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    Advisory firm KPMG opened its second Innovation Kaleidoscope Insights Centre in India in Bengaluru on Thursday.
    The first one was opened in Mumbai in 2022 where the company has demonstrated accelerators built with partners, hyperscalers and original equipment manufacturers like Oracle, Microsoft, Google, Salesforce, ServiceNow, Adobe, OutSystems and startups. The third and the fourth centres will be opened in Gurugram and Noida. The Bengaluru centre is the 29th centre globally. KPMG entities in India are professional services firms. These Indian member firms are affiliated with KPMG International Limited.

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    The company provides advisory services in risk, finance business, internal audit, and corporate governance, and is counted among the big four consultancy firms.

    The centre displays solutions in specific sectors, demonstrated through augmented reality-virtual reality devices, tax technologies, digital solutions for environmental, social, and governance problems, and generative artificial intelligence solutions across sectors that will address the needs of global capability centres and clients.

    In this workspace, KPMG employees, clients, startups, and partners can engage to solve business challenges. The centre showcases Indian and global solutions to address business requirements. Business leaders will gain access to immersive experiences, insights, technology, and resources.

    Yezdi Nagporewalla, chief executive of KPMG in India told ET, “To begin with, we’re offering 220 solutions, which the Mumbai centre is already offering. This is built on the back of data.”

    He said it is powered by its own assets and accelerators. Its go-to market is industry specific, he added.

    Purushothaman KG, head, digital solutions and telecommunications, KPMG in India told ET, “We’ve created generative AI solutions for different cohorts of customers like CFO view, CIO view, CTO view and the CDO view. We also have digital twins for industry 4.0 use cases.”

    Other use cases include those related to cybersecurity, and IT.

    “Clients have specific problem statements. We get industry experts into the centre and show them existing solutions in the experience zone. If we must customise them, we take them to the engagement zone and create a solution prototype in the centre,” he said.

    When a financial institution client wanted to focus on startups in a particular industry, KPMG ran a hackathon with the startups and the bank and identified some challenges. One of the startups ended up getting working capital funding at the end of the hackathon.

    The Economic Times

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