Microsoft, KPMG develop IoT solutions for business model innovation
By Digital News Asia August 26, 2016
- Partnership rides on global strategic collaboration
- Future businesses will be powered by technology and intelligent solutions
MICROSOFT and KPMG in Singapore (KPMG) have partnered under the KPMG Digital Village programme to develop solutions to support business transformation and business model innovation endeavoors.
The collaboration in Singapore mirrors the global Microsoft and KPMG relationship that is driven by a certainty that clients are looking for partners with solutions and services that combine the best in leading-edge technology, industry insight and innovative thinking.
KPMG head of Digital + Innovation Lyon Poh explained that most organisations today operate as ‘service-based’ businesses that are powered by people. In the near future businesses will transition towards being ‘asset-based’, powered by technology and intelligent solutions such as IoT, Blockchain technologies and telematics.
As an Internet of Things (IoT) platform provider, Microsoft brings their cloud capability to the business insights that KPMG can provide to businesses looking for practical digital solutions.
“Microsoft research in Asia shows that 57% of business leaders still feel that they lag behind in digital strategies. However, 55% of business leaders in Asia today are prioritising IoT in the next 12 to 18 months.
"This partnership with KPMG in Singapore will enable us to provide proof of concepts to accelerate adoption of important solutions like IoT," said Microsoft Asia Pacific Cloud and Enterprise Division general manager Andreas Hartl.
Leveraging on HealthTech to fight the war on diabetes
The first outcome of this partnership is a prototype of an IoT-enabled lifestyle management solution to help KPMG and Microsoft’s corporate clients deliver patient-centric solutions. This solution combines the use of a wearable device, connected weighing machine and a customised app.
It aims to help corporates such as insurers and healthcare providers empower people at high-risk of diabetes, pre-diabetics and newly-diagnosed diabetics to monitor and manage their lifestyle in order to prevent or manage the progression of the disease.
Built on Microsoft’s Azure cloud service platform, this solution incorporates the Asian diet, lifestyle and culture.
“Microsoft and KPMG collaborated to develop a solution that is scalable but easily pivoted to the specific needs of our clients. The result is a solution that can help our corporate clients drive top-line growth or reduce operational costs. If you’re an insurance company, this solution could help you reduce claim costs or enable a new business model such as behavior-based insurance. If you’re a healthcare provider, it enables you to provide additional value-added services to patients,” said Poh.
Launched in April 2016, the KPMG Digital Village is a symbiotic ecosystem matching, fostering and forging innovation ventures between companies and start-ups.
It is now connected to over 5,000 start-ups across the globe.
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