KPMG, faced with increased competition and pricing pressures in the advisory sector, is leveraging artificial intelligence (AI) and data science to bolster its strategy consulting revenues. Javier Rodriguez, the newly appointed head of KPMG’s strategy practice unit, has outlined ambitious plans to double the unit’s fees to $2.5 billion by 2027. Under Rodriguez’s leadership, the focus will be on assisting corporate clients in setting business acquisition and development strategies.
Since the inception of this strategy two years ago, the business line has already shown significant progress. According to Rodriguez, the strategy unit has grown by nearly a third in the last year alone. This growth trajectory indicates that AI and data science are proving effective in navigating the current market conditions. For additional insights about KPMG’s strategic push and the plan to integrate AI into their operations, read the detailed coverage on Bloomberg Tax.
- KPMG leverages AI and data science in strategy consulting
- Firm aims to grow consulting fees to $2.5 billion by 2027
- Javier Rodriguez leads the new strategy practice unit