KPMG UK invests 20 million in Big Data analytics centre

12 August 2014 Consultancy.uk

KPMG and Imperial College London are entering in a partnership to create the ‘KPMG Centre for Advanced Business Analytics’. To finance the centre that will enable businesses to make better use of big data, the global accounting and consulting firm will invest £20 million.

Imperial College London, a science-based institution, and KPMG UK have announced a partnership to create the ‘KPMG Centre for Advanced Business Analytics’. The objective of the centre is to enable businesses to make better use of Big Data, such as enabling banks to predict fraud or helping retailers better understand consumer behaviour, and to put the UK at the forefront of data science. “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,” says David Willetts, the outgoing Minister of State for Universities and Science.

Partnership KPMG and Imperial College London

The centre will focus on 5 key areas that have been selected to help UK businesses gain a competitive edge by launching products and services ahead of international competitors. These areas are:

As part of the launch of the centre, several initiatives have been unveiled by KMPG and Imperial College London. The Global Data Observatory, for instance, is created to bring large and complex amounts of data together with data visualisation capabilities. This will allow researchers to spot patterns and get concrete insights into complex business issues.

Governance
The partnership between KPMG UK and Imperial College London has been agreed for eight years with the ambition of completing 15 to 20 projects per year. The centre will be managed by researchers at Imperial College Business School, as part of the College’s Data Science Institute. To ensure the centre is equipped with the necessary firepower, KPMG has agreed to invest £20 million. “More data has been created in the last two years than in the rest of history. Our collaboration with Imperial is about developing the people and skills to use that data to drive new industries and new services,” says KPMG UK chairman and Senior Partner Simon Collins.

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Grey Consulting and Makerversity announce strategic partnership

05 April 2019 Consultancy.uk

Grey Consulting has forged a new alliance with Makerversity, a 500-strong community of the brightest creative innovators, headquartered at Somerset House, London. The partnership hopes to tap into the experimental community to develop pioneering solutions for Grey Consulting’s clients.

In August 2018, one of the world’s largest design agencies surprised the business world by launching a dedicated consulting outfit. The news came as the two industries continued on their trajectory towards a historic synthesis. The consulting industry has been engaged in a pitched battle with the advertising and design space for the past few years, as the former increasingly encroaches on the territory of the latter via a protracted campaign of mergers and acquisitions; but there had been little traffic moving in the other direction.

At its launch, Grey Consulting was not billed as a direct competitor to established consultancies. However, the firm behind the new entity hopes that its creative experience will give it a competitive edge in winning consulting business from its existing clients. The Grey Group is a global advertising and marketing agency with headquarters in New York City, and 432 offices in 96 countries, operating in 154 cities. Grey Consulting opened its doors with a view to aiding clients within the areas of business and brand design, innovation and digital transformations.Grey Consulting and Makerversity announce strategic partnership

Now, as the firm looks to further expand its footprint in the market, Grey Consulting has unveiled details of a ground-breaking new alliance with Makerversity, a 500-strong community of creative innovators headquartered at Somerset House, London. The alignment with Makerversity is hoped to unlock the potential of collaborating with one of the world’s most experimental communities.

Makerversity curates and convenes the best talent across product design, fashion, art and experimental architecture, sustainable materials, IoT, digital manufacturing, and coding. It provides spaces and workshops for professional makers to develop and create their work, supported by Somerset House Trust. The alliance is expected to enable Grey Consulting to develop pioneering solutions for its clients, together with innovators who make something amazing for a living, every day. 

Leo Rayman, Grey Consulting CEO, commented, “This gives our clients the potential to access a network of some of the most diverse and innovative individuals in the world today. Being so tightly connected to a community of makers means we don’t just develop transformational strategies but can quickly realise them in three dimensions. This sets Grey Consulting apart from the pure play strategy houses who are sometimes criticised for not making their thinking real at the pace modern businesses require.” 

Fiona Dent, CEO of Makerversity, added, “Makerversity acts as a catalyst for unexpected encounters, fostering collaborations between an incredible range of the brightest leading creators and innovators. Our experimental approach and engaged members, whose own practice is defining our world, create highly original new outcomes. We are delighted to bring this philosophy to a wider audience and generate interesting projects for Makerversity members through our partnership with Grey Consulting.”