close
Share with your friends

KPMG partners with Finetech Consultancy to host “Unfolding Next Level of Business with Google’s Cloud Search"

Unfolding Next Level of Business

The amount of data in circulation across the globe is growing exponentially. It is predicted by 2025 that the total amount of data worldwide will be 175 zeta bytes and the only way to physically store this would be on the cloud. With this note, KPMG in Sri Lanka along with Finetch Consultany (Pvt) Ltd, the local partner of Google Cloud hosted a breakfast forum at The Kingsbury Colombo for the CIOs of the leading corporates in Sri Lanka.

1000

Related content

Female Presenting

The amount of data in circulation across the globe is growing exponentially. It is predicted by 2025 that the total amount of data worldwide will be 175 zeta bytes and the only way to physically store this would be on the cloud. With this note, KPMG in Sri Lanka along with Finetch Consultany (Pvt) Ltd, the local partner of Google Cloud hosted a breakfast forum at The Kingsbury Colombo for the CIOs of the leading corporates in Sri Lanka.

The forum was enriched by guest speakers Diana Britt, Head of Search & AI (Google Cloud) – APAC and Japan and Sashi Dharmadasa, Director – KPMG in Sri Lanka.

Setting the tone for the morning with an emphasis on Google’s mission; “organize the world's information and make it universally accessible and useful”, Diana embarked on the conversation on how to transform today’s corporates to be future ready with the use of Google Cloud.

Diana shared an important thought pointed out by Astro Teller, Head of Moonshots at Google’s Project X Lab; “10X is easier than 10 percent.” In order to achieve a 10% improvement, it is usually focused on the existing tools and assumptions aimed at incremental improvements. Aiming for a 10x improvement would mean that the focus is more on creativity and bravery that leads to a new paradigm. Such improvements that happen rapidly cause disruption across industries. Google Cloud is the future of data management that is already causing disruption in many countries.

Google Cloud has been deployed across many industries with a promise of delivering high quality results. The uses of Google Cloud has been tested in the real estate sector as a support function for financing, refinancing, underwriting and compliance. Quicken Loans is a leading mortgage lending company headquartered in Michigan, USA,which has incorporated Google Cloud into its operations and has seen its transformation in operations with the increasing amounts of data to be managed.

The evaluation of a cloud service needs to happen in one of the two following ways; increase of productivity or reduction of costs. The key decision makers need to commit towards this decision as it is what determines the Return on Investment.

As the partner of the event, KPMG’s value addition to cloud computing was highlighted by Sashi Dharmadasa. “With the amount of data growing exponentially, cloud computing is the way to go”, was Sashi’s thoughts at the beginning of her talk.

KPMG in Sri Lanka will provide its expertise on how companies should prepare to incorporate disruptive technologies into operations. With the partnership of KPMG and Finetech Consultancy, KPMG will support entities with the necessary organizing required to deploy technologies such as Google Cloud and enable the entities to be future ready.

Sashi highlighted on “KPMG Powered Enterprise”, a four stage model used by KPMG professionals to enable entities make a successful transition to a digitally enabled entity. KPMG Powered Enterprise will help organizations jump start their digital transformation journey with a combination of agile functions and industry best practices. KPMG will help change the organization’s attitude towards embracing change and exploiting new technologies.

The pressure will continue to build for corporates as disruption forges ahead in multiple aspects. The cost to incorporate the latest technologies into operations is a major pressure point as the investment could easily be obsolete with the rate of disruption increasing at lightning speeds.

Companies may have to change their attitude towards digital transformation and plan their long term strategy as the necessary investment is quite considerable and should not be short term focused. The workforce will need to be open to learn, relearn and unlearn the ways of operating in newly high tech environments.

KPMG Sri Lanka’s IT Advisory division is headed by Priyanka Jayatilake (Partner, Head of Advisory) and the advisory team continues to provide high quality, robust solutions to entities that are willing to take on the challenge of digital transformation while enabling entities to outperform in the industry they operate in.

© 2020 KPMG, a Sri Lankan 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.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal