BANGALORE,INDIA: KPMG International today announced the launch of KPMG Insights Labs, a virtual R&D center that will serve as a global innovation hub with the aim to incubate and develop data-driven business solutions for KPMG member firms’ clients.
The creation of KPMG Insights Labs is the latest step KPMG has taken in recent months to expand its portfolio of data & analytics (D&A) solutions and services, with new innovative solutions to help member firms’ clients unlock the value of their data.
In November 2013, KPMG International announced the launch of KPMG Capital a fund created to accelerate innovation in D&A services and solutions. And, since December 2013, KPMG member firms in the U.S., U.K. and Australia announced a number of acquisitions or partnerships that are designed to offer D&A and digital solutions to clients helping them manage risk and cost and drive growth.
As the global R&D resource for D&A solutions,which all of KPMG’s member firms worldwide can access, the Insights Labs will undertake R&D for the assets acquired by KPMG Capital as well as for existing KPMG intellectual property.
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