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KPMG and Faethm predict impact of emerging technologies on workforce

KPMG and Faethm predict the impact of new technologies

Australian firm with AI Analytics SaaS platform helps clients identify the job ramifications of digital disruption

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KPMG in Canada today announced a strategic alliance with Faethm, a global analytics SaaS platform, to predict the impact of emerging technologies, like Artificial Intelligence (AI), on Canadian jobs.

“This alliance enables us to help the private and public sector prepare for the future of work,” says Michael Mitchell, Management Consulting Partner, IT Advisory, KPMG in Canada. “There is a lot of fear about how rapid advances in AI, automation, and machine learning will eliminate jobs. Together with Faethm, we are committed to helping our Canadian clients better understand and prepare for the future of work.”

Sydney-based Faethm blends proprietary analytics with client data to diagnose and predict the likely impact of emerging technology on any job, workforce, company, industry, location, or economy. Using sophisticated AI algorithms, the company interprets client data to forecast strategic, technological, and people impacts, likely supply and demand of jobs and skills in the future, so that leaders can structure, size, and equip their workforces for the work and opportunities that technologies create.

“The team is very excited to be working with a leader like KPMG, especially in one of the leading countries taking action to prepare its workforce for the future" says Greg Miller, Faethm’s Executive Director. “The first step in this evolution of work is to start with data driven decision making, Faethm enables this step and supports use cases from technology investments to people strategy, in enterprise and government.”

Working together with Faethm, KPMG will interpret client results and insights to help companies and governments validate their digital transformation agendas, mature people strategies and policies, and forecast accurately to help ensure their workforce has the right skills, roles and composition for the future.

“It’s about properly preparing and transitioning workforces from what was to what will be,” says Mr. Mitchell. “A growing number of companies and governments are realizing new, powerful technologies like robotics, autonomous vehicles, AI, and machine learning will have socio-economic ramifications, but they’re not sure how to deal with it. We feel strongly that it’s important to help them get ahead of the curve.”

 

About KPMG Canada
KPMG LLP, an Audit, Tax and Advisory firm (kpmg.ca) is a limited liability partnership, established under the laws of Ontario, and the Canadian member firm of KPMG International Cooperative ("KPMG International"). KPMG has more than 7,000 professionals/employees in over 40 locations across Canada serving private and public sector clients. KPMG is consistently recognized as an employer of choice and one of the best places to work in the country.

The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss entity. Each KPMG firm is a legally distinct and separate entity, and describes itself as such.

 

CONTACT
Sinead McElhinney
Senior Manager, Digital
KPMG in Canada
416.884.0033
smcelhinney@kpmg.ca

© 2020 KPMG LLP, a Canada limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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