KPMG launches new global data and analytics insights lab in Bangalore

BANGALORE,INDIA: KPMG International today announced the launch of KPMG Insights Labs, a virtual R&D center that will serve as a global innovation hub with the aim to incubate and develop data-driven business solutions for KPMG member firms' clients.

The creation of KPMG Insights Labs is the latest step KPMG has taken in recent months to expand its portfolio of data & analytics (D&A) solutions and services, with new innovative solutions tohelp member firms' clients unlock the value of their data.

In November 2013, KPMG International announced the launch of KPMG Capital a fund created to accelerate innovation in D&A services and solutions. And, since December 2013, KPMG member firms in the U.S., U.K. and Australia announced a number of acquisitions or partnershipsthat are designed to offer D&A and digital solutions to clients helping them manage risk and cost ,and drive growth.

As the global R&D resource for D&A solutions,which all of KPMG's member firms worldwide can access, the Insights Labs will undertake R&D for the assets acquired by KPMG Capital as well as for existing KPMG intellectual property.

The Insights Lab, with hub locations in the UK, US and Indiawill provide an environment where new D&A applications can be developed, ‘proof of concept' designs demonstrated and verified, and ideas incubated.