September 09, 2026 04:33 am (IST)

Make this your homepage

All Finance

Eiffel Tower staff strike after female workers 'sidelined' during Hindu group visit | ‘When will character assassination of women stop?’ Kangana Ranaut amid Udhayanidhi-Trisha row | 11 arms instead of 10! Suvendu Adhikari apologises over Durga image in Bengal govt ad amid Bageshwar Baba row | ‘Meat is core to Shakta Hinduism’: PM Modi adviser hits back at Bageshwar Baba over non-veg ban appeal | ‘No one can dictate what Bengalis eat’: BJP’s blunt message amid Bageshwar Baba’s Durga Puja food row | Delhi hostel collapse: Owner detained after seven die in Satya Niketan tragedy | No Muslims, Aadhaar card and tilak mandatory: VHP lays down rules for Garba, Dandiya in Maharashtra | 'No non-veg near Durga Puja pandals': Bageshwar Baba's big Bengal appeal sparks controversy | 'Law will take its action': Vijay's zero tolerance on insulting women weeks after Udhayanidhi's arrest | Delhi Metro's big warning to content creators: Don't try this viral stunt or face action

KPMG launches Insights Lab in Bengaluru

India Blooms News Service | | May 28, 2014, at 09:03 pm

Bangalore, May 28 (IBNS): Professional services company, KPMG International on Wednesday 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 the clients.

According to the officials, the creation of KPMG Insights Labs is the latest step KPMG has taken in recent months to expand its portfolio of data and analytics (D&A) solutions and services, with new innovative solutions to help the 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, the officials informed.

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, the officials said.

“The Insights Labs are intended to fill a critical gap for clients,” said Mark Toon, Global Leader of Data & Analytics and CEO of KPMG Capital.

Toon added, “While companies are quickly pursuing strategies to capture and examine their data – the ‘Big Data’ chase – what we’re providing is an environment for putting data-driven solutions to the test.”

He said, “TheLabs were designed with input from member firms’ clients and alliance partners, and will help them to explore and pressure-test new applications and simulate real scenarios to derive insights faster.”

Amit Khanna, Data & Analytics lead for KPMG in India said, “More than ever, businesses need decision backed by insight, and the KPMG Insight Labs have been created to accelerate the pace of innovation in a secure and controlled environment, helping clients arrive at greater insights more quickly.”

Khanna 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. Indian clients are getting more sophisticated about use of data and analytics and KPMG lab in Bengaluru will help our clients to experience firstand the ‘art of the possible and the ‘art of the probable’ in leveraging their data for faster, more insightful decisions.”

The company officials noted that the critical areas for enhancing data-driven decision making – and those that will be the first to go through KPMG’s Insights Labs R&D process – will initially include new applications for customer analytics, competitive positioning, regulatory compliance and predictive modeling for clients in financial services, telecommunications, healthcare and life sciences and retail.

The KPMG Insights Labs are modeled on prototype lab environments in which KPMG firms’ professionals work with clients to test data-driven applications and derive the essential insights needed to address a complex business issue.

#KPMG International # KPMG Insights Labs # virtual R&D center # data and analytics solutions

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

In Images: Amit Shah performs 'Bhoomi Pujan' of Amul's curd manufacturing plant in Kolkata Jul 19, 2026, at 10:57 pm

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am