KPMG launches Insights Lab

Bangalore: Consultancy major KPMG International launched Insights Labs, a virtual R&D centre that will serve as a global innovation hub. It aims to incubate and develop data-driven business solutions for KPMG member firms' clients, the company said in a statement. The creation of KPMG Insights Labs is the latest step that the company 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, it added.

KPMG International said 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. The Insights Lab, with hub locations in the UK, US and India will provide an environment where new D&A applications can be developed, 'proof of concept' designs demonstrated and verified, and ideas incubated, it said. "The new lab in Bengaluru recognises the capabilities of our Indian data scientists and will act as ground to build solutions for Indian and global markets," Amit Khanna, Data & Analytics lead for KPMG in India said.