• Service: Marketing and Communications
  • Type: KPMG information, Business and industry issue
  • Date: 12/11/2013

KPMG Capital formed to accelerate innovation in Data & Analytics 

KPMG International today announced the formation of KPMG Capital, a new investment fund created to accelerate innovation in data and analytics (D&A) that will help clients of member firms unlock tangible value of their ‘big data’. 

KPMG Ireland is an active participant in KPMG Capital and is confident that Irish based projects will be invested in. 


Managing Partner, Shaun Murphy, who is a member of the board of KPMG Capital, said “we have made a significant contribution to KPMG Capital and have been actively involved in its development.”


“The most successful businesses will be those not merely collecting data, but those that can distill data and translate it into insights. This new international fund will give our clients access to leading edge data analytics tools and solutions.”


Paul Toner, head of Management Consulting at KPMG Ireland said that the firm had been talking to major Irish businesses about how to use D&A around Cost Diagnostics and Customer Insights.  “We are focusing on identifying those areas where customers perceive value and those which can be targeted for cost reduction or automation while not impacting on perceived value”.  


KPMG Capital will support technology partnerships, strategic alliances and the recruitment of top talent to create new D&A solutions. With these capabilities, KPMG member firms will help clients solve critical business challenges in such areas as new revenue streams, risk management and cost optimisation.


The use of D&A has become a critical business priority as companies try to derive value from the vast amounts of data now available to them.  A new KPMG survey of business leaders from many of the world’s leading companies found that while 69 percent see D&A as strategically important to their current growth plans, an overwhelming 96 percent believe their company is not currently using D&A effectively.


 “Our new research shows that business leaders recognise the tremendous importance of D&A to business growth but feel they need more support to develop effective solutions,” said Mark Toon, CEO of KPMG Capital and global lead for KPMG’s D&A practice. “KPMG Capital will enable us to develop or acquire opportunities in D&A quickly. Through partnerships with technology and service providers, strategic partners and other third parties, we aim to accelerate innovation in D&A to bring potential solutions to clients – and to the market - faster.”


Mr. Toon continued: “With more data produced and stored in the last two years than in the rest of human history, many businesses are looking for strategic and practical solutions to manage the volume, velocity and variety of this data revolution.  KPMG Capital will lead the way in addressing the challenge of the three ‘v’s.”


Addressing business challenges: innovating through partnerships

KPMG Capital’s Mr. Toon said “Too many companies still see big data principally as a technology issue, when it really is a business issue across all industries,” he said. “We’re helping companies look at their data differently and turn it into value.”


Investment will be made in a number of critical business areas including enhancing business flexibility; finance; regulation and compliance; improving workforce productivity; and customer and revenue growth. KPMG Capital will work to develop solutions that will focus on growth sectors such as healthcare, financial services, energy and telecommunications.

KPMG Capital’s aim is to invest in, partner with and acquire organisations that specialise in data and analytics tools and assets.  Combining that expertise with the KPMG network’s global reach, existing D&A capabilities and deep insights, KPMG Capital will work to unlock new thinking to address the most pressing business challenges and deliver new solutions to market more quickly.


KPMG Capital will enable a nexus for the world’s best thinking in data and analytics,” said Michael Andrew, Chairman of KPMG International. “D&A is part of our heritage, but with the fast pace of technology and globalisation, clients want deeper insight more quickly.  KPMG Capital’s structure will allow us the flexibility to commercialise solutions which our global network of professionals can use to help business leaders harness the right data, analyse it and translate it into value. This is a transformative step for the future of KPMG’s member firms as well as for clients’ businesses.”


About the survey

The KPMG survey was conducted in August 2013 by FT Remark on behalf of KPMG International.  FT Remark interviewed 144 CFOs and CIOs from multinational companies with annual revenues of US$1 billion or more. A full report will be available in late November 2013.


About KPMG Capital

KPMG Capital is an investment fund which is not open to third party investment, and which will not itself provide professional services to clients. It is legally distinct and separate from KPMG International Cooperative and each other KPMG member firm.

About KPMG

  • KPMG in Ireland has 80 partners and 1,900 people in offices in Dublin, Belfast, Cork and Galway.
  • KPMG is a global network of professional firms providing Audit, Tax, and Advisory services.  We operate in 153 countries and have 145,000 people working in member firms around the world.  The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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