KPMG LLP, the US audit, tax and advisory firm, has joined the Chicago Quantum Exchange (CQE) as it accelerates a quantum technology practice aimed at helping clients deploy the technology in enterprise applications.
“Quantum technology represents one of the biggest leaps forward in technology, and its potential for collaboration, research, and discovery cannot be overstated,” said Cliff Justice, KPMG national leader of Enterprise Innovation. “Working with the Chicago Quantum Exchange is critical to understanding how the technology can be used to solve business challenges, as well as help organizations future-proof their businesses.”
KPMG will work with the CQE to develop relationships and trainings that will support its work in the space.
“Quantum technology offers enormous potential for end users in a wide range of industries, and preparing for this shift will require many types of expertise,” said David Awschalom, the Liew Family Professor in Molecular Engineering and Physics at the University of Chicago and the director of the Chicago Quantum Exchange. “We are excited to welcome KPMG’s expertise into the CQE community, and we look forward to working with them as they grow a practice that will accelerate industry adoption and put us closer to developing quantum innovation solutions to critical challenges.”
The firm’s practice, led by its Chicago-based enterprise innovation and market intelligence team, is focused on helping clients leverage quantum technology advantages such as improved processes in finance, supply chain, and portfolio management while mitigating potential disruptions as quantum computing reaches practical application.
“Working with the Chicago Quantum Exchange is key to opening new business use cases for quantum technology in various sectors including healthcare, finance, energy, cybersecurity, and more,” said Travis Hunter Jr., KPMG Chicago Office Managing Partner. “Through our work with the CQE, we aim to help develop the technology responsibly as well as play a key role in cementing Chicago's position as a premier hub for the quantum economy."
About the CQE
The CQE is based at the University of Chicago and is anchored by the US Department of Energy’s Argonne National Laboratory and Fermi National Accelerator Laboratory, the University of Illinois Urbana-Champaign, the University of Wisconsin–Madison, Northwestern University, and Purdue University. The CQE also includes more than 50 corporate, international, nonprofit, and regional partners.
About KPMG LLP
KPMG LLP is the US firm of the KPMG global organization, providing audit, tax, and advisory services. The KPMG global organization operates in 143 countries and territories, employing more than 273,000 people worldwide. Each KPMG firm is a distinct legal entity and operates as such. KPMG is recognized for its commitment to community service, diversity and inclusion, and addressing childhood illiteracy. For more information, visit www.kpmg.com/us.
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