KPMG and the McLaren Group have forged a 10-year strategic alliance to use McLaren Applied Technologies’ (‘MAT’) predictive analytics and technology to KPMG’s audit and advisory services.

The Big Four firm becomes the ‘pioneer’ innovation partner of McLaren, fusing the technology outfit’s expertise in predictive analytics and KPMG’s audit and consulting capability.

Simon Collins, UK Chairman of KPMG, said: “Our alliance with McLaren gives us the opportunity to accelerate the transformation of our audit and advisory businesses. McLaren has honed sophisticated predictive analytics and technologies that can be applied to many business issues. We believe this specialist knowledge has the power to radically transform audit, improving quality and providing greater insight to management teams, audit committees and investors.

“The same is true of our advisory services, where we believe applying McLaren’s predictive analytics and know-how to, for example, a complex international supply chain, could help our clients make a step change in the service they provide to their customers.”

KPMG said the alliance aligned with it goal of investing in data and analytics and technological expertise by developing its own digital platforms and forming strategic alliances with key partners.

MAT’s expertise has already been applied in industries beyond motor sport. Examples include improving pharmaceutical R&D and manufacturing processes, created air traffic scheduling systems and worked with some of the biggest oil and gas companies to optimise production processes.