Two powerful collaborations are setting the stage for transformative change for Deloitte.
The company, which offers auditing, consulting, financial and risk advisory, tax, and legal services, has partnered with Google Cloud to unveil ConvergeCONSUMER — an initiative that promises to reshape consumer businesses through advanced AI.
Simultaneously, Deloitte’s strategic partnership with Nvidia aims to forge a new path in enterprise software. By harnessing the potential of generative AI the company seeks to redefine business practices across industries.
Deloitte and Google Cloud Launch AI-Powered ConvergeCONSUMER
Deloitte and Google Cloud have joined forces to create ConvergeCONSUMER, a new initiative that is aimed at consumer-focused businesses to improve their performance. ConvergeCONSUMER utilizes AI and data analytics to deliver better customer experiences.
Google Cloud’s advanced technologies combined with Deloitte’s expertise aim to introduce solutions that will help businesses predict customer behavior, optimize supply chains, and personalize marketing campaigns, driving brand loyalty and competitive advantage.
According to the company, ConvergeCONSUMER provides ready-made solutions that use more data about customers and how business works. The new solution combines Google Cloud’s AI and data analysis with ConvergeCONSUMER’s data sources, which empowers smart choices for decision-makers, based on real-time data.
The initiative will also allow companies to harness Google Cloud’s Vertex AI platform, Generative AI App Builder, Generative AI Studio, and the Cortex Framework. The tools are aimed at enabling businesses to quickly create applications such as chatbots and search engines, enhance data analytics, and optimize supply chains.
“Our research on the Future of Consumer has revealed that consumers have an increasingly diverse set of preferences and an expectation for choice and convenience,” said Ben Stiller, ConvergeCONSUMER general manager at Deloitte Consulting, in a written statement. “To win in this changing market, consumer-facing companies should be more precise, granular, and responsive to individual customer needs.”
Stiller claims that Google Cloud’s innovation and Deloitte’s industry expertise will transition businesses from a mass approach to a micro-scale, yielding significant benefits.
Deloitte and Google Cloud have been working together since 2017 to deliver innovative and customized solutions across various industries and domains. In November 2022, Deloitte expanded its collaboration with Google Cloud to offer new solutions and services to its clients.
Due to an increased demand for Google Cloud services, Deloitte invested in training professionals globally in cloud, AI, and security. The goal was to enable businesses to innovate and use Google Cloud technology effectively.
The expansion brought Google Cloud’s offerings to various sectors, focusing on technical expertise and service capabilities. Moreover, the partnership resulted in innovative solutions for priority industries like retail, finance, and the public sector, as well as specialized services like data analytics, machine learning, and security.
Deloitte and Nvidia Join Forces for AI Expansion
According to Deloitte, its partnership with Nvidia harnesses generative AI within enterprise software platforms. To enhance traditional business practices, the company announced that it will be deploying Nvidia’s generative AI technology to develop high-performing solutions across major enterprise systems.
Deloitte Global CEO Joe Ucuzoglu emphasized generative AI’s potential to reshape work processes and elevate business operations.
The collaboration will combine Deloitte’s industry expertise, talent pool, and AI services with Nvidia’s hardware and software capabilities, including Nvidia DGX AI supercomputing and Nvidia DGX Cloud.
The companies assert that these solutions will drive enterprise transformation further, allowing clients to easily adopt AI-driven business models.
Deloitte said that it aims to make generative AI accessible in enterprise systems, offering solutions like automated coding, workflow automation, self-configuration, and industry-specific insights. In addition, the partnership includes an Ambassador AI program designed to advance clients’ AI journeys using the Nvidia AI Foundations and Nvidia NeMo LLM software.
With over 500 AI specialists completing Nvidia Deep Learning Institute training, Deloitte plans to empower its professionals to leverage generative AI tools effectively. The company also said that the collaboration resonates with its broader AI initiatives, including the Quartz AI service offerings.
The companies will persist in responsible AI collaboration, adhering to Deloitte’s Trustworthy AI framework. According to the announcement, the company will follow ethical development standards and focus on generative AI safety for business.
Deloitte and Nvidia’s first joint project was the Deloitte Center for AI Computing, launched in March 2021. The center used Nvidia’s DGX A100 systems to create AI solutions for Deloitte’s clients.
Source: mPost
