KPMG explores quantum computing opportunities through IBM partnership
The big 4 firm will utilise IBM’s quantum computing systems and specialised software tools to develop new business solutions for clients.
KPMG has joined IBM Quantum Network, which will enable the firm to gain access to new resources including cloud access to IBM’s global fleet of quantum computing systems, specialised software tools, and associated expertise.
The strategic alliance with IBM is intended to advance the capabilities of KPMG professionals to help generate future technology solutions for their clients.
“This collaboration will leverage the expertise of KPMG professionals and IBM quantum technologies to help provide clients with valuable insights on how they can help prepare their business for the future, including how quantum computing may contribute to their ongoing success,” KPMG said.
KPMG said demand for progress and exploration of how quantum computing can help to develop innovative solutions has never been more critical as businesses across the globe navigate through an era of rapid technology transformation.
KPMG firms intend to explore how quantum computing, as it matures, might be leveraged to help solve problems across a range of businesses and industries.
Head of KPMG’s Global Quantum Hub, Brent Dalager, said quantum computing has the potential to revolutionise many industries.
“Our short-term goal is to enable KPMG firms to further drive innovation and explore opportunities for increased value to clients through quantum computing, while also exploring how quickly it’s possible to use the power of quantum computing to enhance other areas, such as machine learning and generative AI,” said Mr Dalager.
The announcement of KPMG joining the IBM Quantum Network builds on the previous work by KPMG in this area through the KPMG Global Quantum Hub.
“To date, KPMG professionals have built quantum circuits to help achieve further increased speed, scope and scale across multiple business processes,” the accounting firm said.
“These separate Global Quantum Hub collaborations will continue, including the ongoing support for a large telco provider where quantum computing is helping the organization to realize significant improvements in optimising cell tower placement.”
It also follows the recent expansion of KPMG’s relationship with Microsoft which will see KPMG professionals pilot Microsoft cloud and Azure OpenAI Service capabilities over a five-year period.
KPMG plans to leverage the Microsoft cloud and Azure OpenAI Service capabilities in order to implement AI solutions across its tax, audit and advisory services.
The firm also launched KPMG KymChat internally in March 2023, which enables KPMG employees to access the processing power of the fifth-largest supercomputer in the world through a digital assistant on their desktop and phone.
KPMG launched an expanded version of the KymChat tool to its clients earlier this month.
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