The COVID-19 pandemic has accelerated the need for businesses to digitally transform. KPMG is helping organizations across multiple industries stay responsive, viable and innovative as they prepare for a new reality. For example, KPMG is helping member firm clients see the way ahead with data science tools that help predict outcomes by analyzing data signals, deploying chatbots as intelligent agents to help relieve customer- and supply chain-specific stress points across an organization; or helping clients analyze how emerging technologies such as artificial intelligence, blockchain and 5G can assist healthcare providers to continue to innovate in treatment and patient care even during critical times.
As KPMG's Audit, Tax and Advisory clients move quickly to become more technology-enabled, attracting the next generation of business and technology talent will be critical to keeping organizations ahead of the curve.
The 17th annual KPMG Ideation Challenge (KIC) showcases to top students, and organizations around the world, how KPMG drives innovation and embeds emerging technologies in our technology-enabled solutions. KIC is a hackathon-style competition that brings together technology and business students into the same competition to solve real-world business issues using disruptive technologies such as AI, automation, advanced analytics and robotic process automation. The competition is the latest example of how KPMG is investing USD $5 billion in technology, talent and innovation over the next 5 years.1
Given the health and safety concerns around COVID-19, KPMG has moved this year’s KIC event online. The highly interactive, virtual event takes place August 24-25, 2020. Over the course of 2 days, 17 student teams from leading universities in 17 countries will be mentored by KPMG professionals – made up of developers, data scientists and business consultants – as they co-create disruptive AI and data-driven solutions that deliver increased value to businesses and society. The finalist teams will pitch their ideas to an online panel of expert judges.
The winning team will receive USD $50,000 in seed funding to further develop their solution and take it to market with the coaching and guidance from KPMG professionals. Additionally, all teams retain intellectual property rights for their ideas and prototypes.