• Register
Return to: Home > News > Big Four > KPMG UK invests £20m in big data analytics

KPMG UK invests £20m in big data analytics

By Steffen Müller

KPMG UK will invest £20m in a partnership with Imperial College London (ICL) to create a centre of advanced business analytics.

The KPMG Centre for Advanced Business Analytics will develop new approaches, analytical methods and tools for using big data to help UK businesses solve issues such as fraud or understanding consumer behaviour. The centre will focus on five areas: analysis of business capital, growth opportunities, people, operations and resilience.

Dean of ICL business school professor Anand Anandalingam said that for businesses to compete in a globalised economy they need a full understanding of markets, customers, products, regulations, competitors, employees and much more.

"The KPMG Centre for Advanced Business Analytics aims to address these challenges by looking at how we can translate complicated information and turn it into potential solutions," he explained.

The partnership between KPMG UK and ICL has been agreed for an initial period of 8 years and aims at delivering 15 to 20 projects per year.

"More data has been created in the last two years than in the rest of history. Our collaboration with Imperial is about developing the people and skills to use that data to drive new industries and new services." KPMG UK chairman and senior partner Simon Collins said.

He continued: "This is immensely exciting for the UK economy and we are very proud to be leading in this crucial area."

Related links

KPMG UK

Imperial College London

Top Content

    South Africa: sensing new opportunities

    It has been an interesting couple of years for the profession in South Africa. A number of high-profile scandals have brought the profession and the role of auditors into sharp public focus, brewing a distrust towards accountants and a large expectations gap. Joe Pickard reports.

    read more

    Ghana: a quest for consistency

    Ghana’s current economic profile would suggest a fertile landscape for purveyors of accounting services. But inconsistent approaches to compliance and application of standards – coupled with problems in the banking sector and consequent liquidity constraints – have created a challenging environment. Paul Golden writes.

    read more

    Drone technology: audit takes to the skies

    The movement towards a digitised era has already impacted the auditing profession in a number of ways, from blockchain to artificial intelligence. Now firms are taking to sky and using drone technology in their audits. Mishelle Thurai speaks to Big Four firms to find out more.

    read more

    SBC: a new alliance joins the market

    Jonathan Minter speaks to Paul Tutin, chair of founding firm Streets Chartered Accountants, about why the business and its European partners took the decision to launch their own association.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.