PracticeAccounting FirmsKPMG and McLaren Group forge predictive analytics partnership

KPMG and McLaren Group forge predictive analytics partnership

The Big Four firm becomes a ‘pioneer' partner of McLaren, fusing technology outfit's expertise in predictive analytics and KPMG's audit and consulting capability

KPMG and McLaren Group forge predictive analytics partnership

KPMG and the McLaren Group have forged a 10-year strategic alliance to use McLaren Applied Technologies’ (‘MAT’) predictive analytics and technology to KPMG’s audit and advisory services.

The Big Four firm becomes the ‘pioneer’ innovation partner of McLaren, fusing the technology outfit’s expertise in predictive analytics and KPMG’s audit and consulting capability.

Simon Collins, UK Chairman of KPMG, said: “Our alliance with McLaren gives us the opportunity to accelerate the transformation of our audit and advisory businesses. McLaren has honed sophisticated predictive analytics and technologies that can be applied to many business issues. We believe this specialist knowledge has the power to radically transform audit, improving quality and providing greater insight to management teams, audit committees and investors.

“The same is true of our advisory services, where we believe applying McLaren’s predictive analytics and know-how to, for example, a complex international supply chain, could help our clients make a step change in the service they provide to their customers.”

KPMG said the alliance aligned with it goal of investing in data and analytics and technological expertise by developing its own digital platforms and forming strategic alliances with key partners.

MAT’s expertise has already been applied in industries beyond motor sport. Examples include improving pharmaceutical R&D and manufacturing processes, created air traffic scheduling systems and worked with some of the biggest oil and gas companies to optimise production processes.

 

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2d Emma Smith, Managing Editor
FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

Accounting Firms FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

1m Emma Smith, Managing Editor
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

2m Alia Shoaib, Reporter
FRC launches investigation into KPMG’s Rolls-Royce audit

Accounting Firms FRC launches investigation into KPMG’s Rolls-Royce audit

6m Emma Smith, Managing Editor
The importance of investing in people

Accounting Firms The importance of investing in people

7m Emma Smith, Managing Editor
Partner joins BDO from KPMG

Accounting Firms Partner joins BDO from KPMG

2m Alia Shoaib, Reporter
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

3m Alia Shoaib, Reporter
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

5m Emma Smith, Managing Editor