Big Four firm PwC is entering a strategic partnership with Microsoft and contract management software provider Icertis. PwC, serving as the transformation partner, will integrate Icertis into Microsoft Azure-powered solutions to enable access to its contract intelligence platform, which develops business insights from data embedded in contracts and uses it to automate end-to-end business processes. The announcement comes shortly after PwC announced it was planning to invest over $1 billion to improve and scale its own AI capacities. … Big Four firm KPMG announced a strategic collaboration with Google to help clients integrate Google Cloud’s generative AI technologies into the front, middle and back offices of enterprises. The partnership will initially focus on clients in financial services, health care, and retail, three industries that are already navigating the rapid impact of generative AI. KPMG and Google Cloud have previously worked together to bring advanced AI to HSBC by implementing cloud-based intelligent conversational AI, delivering medical predictions from real-time data in the ICU, and a 360-degree customer view with advanced analytics for a global life insurer. … KPMG also announced a strategic partnership of its own with Microsoft, focused on co-developing solutions for clients across industries and embedding Azure OpenAI Service across nearly all dimensions of KPMG’s U.S. business from client engagements (e.g. analyzing ESG data) to client communications to internal efficiencies. This collaboration with Microsoft and use of Azure OpenAI Service allows KPMG to layer Microsoft’s machine learning models, natural language processing capabilities and enhanced analytics into firm data sets and solutions within its secure cloud environment, protecting client and firm data.
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