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Thursday, June 13, 2024

KPMG Launches ‘AI Affect Initiative’ to Convey AI to Nonprofits

KPMG LLP is proud to announce the launch of a brand new program, “KPMG AI Affect Initiative.” This initiative marks a major milestone within the agency’s dedication to supporting equitable entry to alternative and enhancing the wellbeing of our communities. Recognizing the profound impression AI may have on how companies function and the way folks in our communities reside and work, KPMG is collaborating with shoppers, strategic know-how alliance companions, and non-profit organizations to make the distinction in two preliminary areas of focus:

  1. Empowering non-profits to maximise the advantages they ship by harnessing the facility of AI.
  2. Equipping the workforce of the long run with essential AI and generative AI (GenAI) abilities and capabilities.

“We imagine within the transformative energy of AI and its potential to create optimistic change,” stated Anita Whitehead, Head of Affect and President of the KPMG US Basis. “By working with our know-how alliance companions and investing KPMG’s human experience, time and assets to offer extra equitable entry to the advantages of the know-how and future job alternatives, we will responsibly make significant and lasting change for higher.”

On the coronary heart of success with AI is knowledge. As a key enabler of those KPMG efforts is the longstanding Information Residents with Goal program which makes use of knowledge, analytics, and AI to create actionable insights by hackathons, college innovation packages, and pro-bono engagements. KPMG will proceed to construct on these capabilities reinforcing the significance of being knowledge savvy by offering alternatives for lively digital studying whereas giving again to our communities.

Empowering non-profits to extend their impression with AI 

KPMG is collaborating with our shoppers and strategic alliance know-how companions to speculate time and assets that can allow non-profits to develop and deploy AI options that can improve their operations and drive optimistic change in a accountable and moral manner. By exploring new GenAI capabilities, non-profits can unlock time from their workers and volunteers, permitting them to focus extra on the work that delivers worth to their beneficiaries with confidence. KPMG may also present skills-based volunteering and pro-bono work within the non-profit sector.

Inaugural efforts underway embody:

  1. The KPMG US Basis donated a $500,000 AI grant to First Ebook, a non-profit social enterprise constructing a world the place all kids have entry to a top quality schooling. The donation will assist the implementation of AI know-how and instruments to assist First Ebook enhance effectivity, effectiveness, and responsiveness in its efforts to advertise academic fairness. Along with the grant, KPMG is offering pro-bono consulting providers to assist First Ebook develop an AI technique to reinforce their attain and impression.
  2. KPMG introduced a $1.1 million partnership with Ladies’s Well being Entry Issues (WHAM) to drive significant change for ladies’s well being analysis by leveraging WHAM’s unparalleled knowledge and assets and offering KPMG’s superior AI analytics. The multi-year partnership will give attention to girls’s well being analysis and funding associated to autoimmune illness, mind well being, most cancers, and coronary heart well being.
  3. KPMG and Google Cloud are using Vertex AI and different Google Cloud AI applied sciences to develop a grant administration software that can assist non-profits determine alternatives for grants, put together letters of inquiry, grant purposes and grant reviews.
  4. KPMG is working with Microsoft to assist Large Brothers Large Sisters of Puget Sound (BBBSPS) use the facility of AI to enhance the effectivity and effectiveness of their Matching Engine and assist kids notice their potential and construct their futures. The profitable Proof of Idea at BBBSPS Puget Sound will lay the groundwork for growth throughout the nation, offering advantages to all companies and the kids they serve.
  5. KPMG has dedicated to working with ServiceNow to implement ServiceNow AI know-how together with software program, license, and providers by complimentary implementation providers of as much as 600 hours for seamless integration of ServiceNow know-how into Care Worldwide’s operations as a part of the ServiceNow.org Partnership for Good Grant program.

Getting ready the workforce for an AI-powered future

It will likely be essential that tomorrow’s workforce has the mandatory abilities and capabilities to work with and alongside AI and GenAI. The KPMG AI Affect Initiative may also give attention to investing in AI abilities for the workforce of the long run, immediately supporting college students and investing in abilities constructing and coaching for the lecturers and establishments that put together highschool and college college students to discover AI and GenAI responsibly and securely. As an extension to our dedication to lifelong studying, the packages purpose to empower educators and younger folks with future-fit abilities, enhance digital literacy, security and inclusion and supply total assist for organizations to develop and scale their impression.

Inaugural initiatives embody:

  1. Collaborating with organizations which can be serving to to develop a future know-how workforce that’s extra consultant of our communities, recognizing the significance of illustration in mitigating bias and enhancing the standard of recent AI options. This consists of KPMG’s ongoing internship program with Break By Tech – We speed up gender fairness in tech.
  2. Integrating an AI focus into KPMG’s Reaching New Heights program that works with neighborhood faculties and smaller universities; the collaboration will give attention to serving to college students and college construct their AI acumen and capabilities.

As KPMG embeds AI into each day on the agency, the AI Affect Initiative will carry that imaginative and prescient ahead in how we give again to our communities. KPMG’s annual U.S. Group Affect Day in August, the place KPMG workers spend the day aiding native chapters of non-profits, will embody alternatives for fostering AI upskilling. The 2024 U.S. Group Affect Day will make accessible extra alternatives to host skills-based pilot packages for six to eight non-profits the Basis helps.

Supply: KPMG

The previous press launch was supplied by an organization unaffiliated with NonProfit PRO. The views expressed inside don’t immediately replicate the ideas or opinions of the workers of NonProfit PRO.

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