© Reuters. SUBMIT PICTURE: The KPMG logo design is seen at the business’s head workplaces in Parktown, Johannesburg, South Africa, September 15, 2017. REUTERS/Siphiwe Sibeko/File Photo
(Reuters) -KPMG stated on Tuesday it will invest $2 billion on expert system and cloud services through a broadened collaboration with Microsoft (NASDAQ:), carefully following Accenture (NYSE:) in banking on the most recent innovations to weather a downturn in advisory offers.
The accounting company stated it will integrate AI into its core audit, tax and advisory services for customers as part of the five-year collaboration.
Professional services companies deal with a downturn in organization as their consumers scale down or hold back on consulting and improvement tasks to conserve expenses in a tough macro financial environment.
The broadened collaboration will assist support KPMG’s customers and 2,500 customer care collectively by KPMG and Microsoft.