Corporate Banner
Satellite Banner
Technology
Networks
Scientific Communities
 
Become a Member | Sign in
Home>News>This Article
  News
Return

KPMG, Imperial form £20M Big Data Partnership

Published: Tuesday, July 15, 2014
Last Updated: Tuesday, July 15, 2014
Bookmark and Share
The new KPMG Centre for Advanced Business Analytics will be created by the partnership.

KPMG and Imperial College London today announce the launch of a major new partnership to create the 'KPMG Centre for Advanced Business Analytics'. KPMG will invest over £20m, with the aim of putting the UK at the forefront of data science.

The project will focus on five key areas - analysis of business capital, growth opportunities, people, operations and resilience.  Each area has been selected to help UK businesses gain a competitive edge by launching products and services ahead of international competitors.  The new KPMG Centre will also develop innovative approaches, analytical methods and tools for using big data, giving UK businesses the opportunity to solve complex issues, such as enabling banks to predict fraud or helping retailers better understand consumer behaviour.

The eight year project will see a joint team working together, with the ambition of completing 15-20 projects per year.

The Centre will be led by researchers at Imperial College Business School as part of the College's Data Science Institute, which is developing new data science methods and technologies and supporting world class data-driven research.

As part of the launch, KPMG and Imperial are unveiling a number of initiatives - the first of which is a Global Data Observatory.  Created to bring large and complex amounts of data together with data visualisation capabilities, it will allow researchers to spot patterns and get real insights into complex business issues.

David Willets MP, Outgoing Minister of State for Universities and Science, said:  "It's encouraging to see Imperial College London and KPMG teaming up on this new partnership that will both accelerate the speed in which data based research is carried out and the time it takes to commercialise new ideas into everyday practice benefiting UK businesses. This is a good example of what I've been calling for in seeking national research to become more public."

Simon Collins, KPMG UK Chairman commented: "More data has been created in the last two years than in the rest of history.  That's amazing but we can all drown in data unless we know what to do with it.  Our collaboration with Imperial is about developing the people and skills to use that data to drive new industries and new services.  It is immensely exciting for the UK economy and we are very proud to be leading in this crucial area."

Alwin Magimay, KPMG UK Head of Digital and Analytics, adds: "Our clients are facing the enormity and complexity of big-data and our partnership with Imperial will help our clients meet this challenge.  The fact is that one in five of the UK's largest companies now measure the value of corporate data on their balance sheets. Businesses realise that finding better ways of analysing data is the key to unlocking its profitability and we hope to help them unleash new waves of productivity, growth and innovation.  Our new Global Data Observatory, for example, will act as 'the Hubble of Business Data', offering a unique platform to use leading analytical methods and solve complex business issues. We are still at the silent movie era with respect to evolution of big-data and together with Imperial, we will break new ground with a simple objective of generating new insights to create new business value for our clients."

Professor G  'Anand' Anandalingam, Dean of Imperial College Business School, concluded: "For businesses to compete in a globalised economy they need a full understanding of markets, customers, products, regulations, competitors, employees and much more. The effective use of information and analytics is key to this in order for companies to develop, grow and innovate. However, processing huge swathes of data is a major challenge for leading businesses. Today's datasets are so big and complex to process that they require new ideas, tools and infrastructures.  The KPMG Centre for Advanced Business Analytics aims to address these challenges by looking at how we can translate complicated information and turn it into potential solutions. Doing this successfully could help businesses solve a range of issues and develop more commercial ideas."



Further Information
Access to this exclusive content is for Technology Networks Premium members only.

Join Technology Networks Premium for free access to:

  • Exclusive articles
  • Presentations from international conferences
  • Over 2,500+ scientific posters on ePosters
  • More Than 3,700+ scientific videos on LabTube
  • 35 community eNewsletters


Sign In



Forgotten your details? Click Here
If you are not a member you can join here

*Please note: By logging into TechnologyNetworks.com you agree to accept the use of cookies. To find out more about the cookies we use and how to delete them, see our privacy policy.

Related Content

Discovery of Trigger for Bugs’ Defences Could Lead to New Antibiotics
New research shows that sigma54 holds a bacterium’s defences back until it encounters stress.
Friday, August 21, 2015
Breakthrough Could Lead to New Antibiotics
Scientists have exposed a chink in the armour of disease-causing bugs, with a new discovery about a protein that controls bacterial defences.
Friday, August 21, 2015
New Drug Target Identified for Serious Heart and Lung Condition
A gene has been identified that sheds new light on a potentially fatal heart and lung condition and could lead to a new treatment.
Friday, August 14, 2015
Study Finds Brain Chemicals that Keep Wakefulness in Check
Researchers to develop new drugs that promote better sleep, or control hyperactivity in people with mania.
Saturday, August 01, 2015
Fossil Fuel Emissions will Complicate Radiocarbon Dating, Warns Scientist
The paper is published in the journal PNAS.
Tuesday, July 21, 2015
Scientists Find New Variant of Streptococcal Bacteria Causing Severe Infections
Researchers noticed a sharp rise in infections caused by emm89.
Wednesday, July 15, 2015
Gene Therapy for Cystic Fibrosis Shows Encouraging Trial Results
A therapy that replaces the faulty gene responsible for cystic fibrosis in patients' lungs has produced encouraging results in a major UK trial.
Friday, July 03, 2015
New Genetic Form of Obesity and Diabetes Discovered
Scientists have discovered a new inherited form of obesity and type 2 diabetes in humans.
Tuesday, June 30, 2015
New Genetic Form of Obesity and Diabetes Discovered
Scientists have discovered a new inherited form of obesity and type 2 diabetes in humans.
Tuesday, June 30, 2015
Researchers Develop New Breath Test to Diagnose Oesophageal and Gastric Cancer
Test will now be tested in a larger trial involving three hospitals in London.
Tuesday, June 23, 2015
'Crumpled' Filter to Slash Energy Consumption
Scientists have developed an ultra-thin, super-strong membrane to filter liquids and gases, with the potential to cut energy consumption in industry.
Friday, June 19, 2015
Imperial Researchers Win Health Foundation Grant for Cancer Innovation Study
Each project will receive over £450,000 of funding to support the research.
Tuesday, May 26, 2015
Engineering Bacteria for Vaccine Delivery
An eight million Euro project has been launched with the aim of engineering bacteria to deliver vaccines against antibiotic-resistant infections.
Monday, May 18, 2015
Diet Swap has Dramatic Effects on Colon Cancer Risk for Americans and Africans
New study confirms that a high fibre diet can substantially reduce risk.
Saturday, May 02, 2015
Alcoholic Hepatitis Treatments Fail to Keep Patients Alive
The study is published in the New England Journal of Medicine.
Friday, May 01, 2015
Scientific News
The Changing Tides of the In Vitro Diagnostics Market
With the increasing focus in personalized medicine, diagnostics plays a crucial role in patient monitoring.
LaVision BioTec Reports on the Neuro Research on the Human Brain After Trauma
Company reports on the work of Dr Ali Ertürk from the Institute for Stroke and Dementia Research at LMU Munich.
NIH Study Shows No Benefit of Omega-3 Supplements for Cognitive Decline
Research was published in the Journal of the American Medical Association.
Less May Be More in Slowing Cholera Epidemics
Mathematical model shows more cases may be prevented and more lives saved when using one dose of cholera vaccine instead of recommended two doses.
Investigating the Vape
Expert independent review concludes that e-cigarettes have potential to help smokers quit.
NIH Launches Human RSV Study
Study aims to understand infection in healthy adults to aid development of RSV medicines, vaccines.
Researchers Discover Synthesis of a New Nanomaterial
Interdisciplinary team creates biocomposite for first time using physiological conditions.
Poor Survival Rates in Leukemia Linked to Persistent Genetic Mutations
For patients with an often-deadly form of leukemia, new research suggests that lingering cancer-related mutations – detected after initial treatment with chemotherapy – are associated with an increased risk of relapse and poor survival.
Flu Remedies Help Combat E. coli Bacteria
Physiologists from the University of Zurich have now discovered why the intestinal bacterium Escherichia coli (E. coli) multiplies heavily and has an inflammatory effect.
Marijuana Genome Unraveled
A study by Canadian researchers is providing a clearer picture of the evolutionary history and genetic organization of cannabis, a step that could have agricultural, medical and legal implications for this valuable crop.
Scroll Up
Scroll Down
Skyscraper Banner

Skyscraper Banner
Go to LabTube
Go to eposters
 
Access to the latest scientific news
Exclusive articles
Upload and share your posters on ePosters
Latest presentations and webinars
View a library of 1,800+ scientific and medical posters
2,500+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
3,700+ scientific videos
Close
Premium CrownJOIN TECHNOLOGY NETWORKS PREMIUM FREE!