KPMG LLP announced a Client Technology & Innovation group to build AI-led businesses and scale new products quickly. The move highlights the need to think differently and make bolder innovation investments as technology changes rapidly.
Key takeaways
- The CT&I group will work like a startup to experiment and move faster while protecting the core business.
- Each business at the edge will have a mandate to build and scale, with possible outcomes including reintegration into the core business.
- KPMG argues that the pace of change requires different thinking and faster, larger AI investments.
- The group brings together alliance partners, startup investments and venture-capital relationships.
- Its aim is to accelerate new business development and co-create products with clients.
What this means for CEOs
CEOs can consider innovation at the edge and internal startups to accelerate AI-led development, balancing agility with the needs of the core business and engaging external partners.