PwC Invests $11 Million in New Innovation Center at Carnegie Mellon
Center Will Harness Cutting-Edge Research for Real-World Applications
PwC US and Â鶹¹ÙÍø announced today the establishment of the new , which will advance how businesses use technology to solve organization-wide issues and address compliance requirements.
Leveraging PwC’s client engagement experience with Â鶹¹ÙÍø’s world-class research, faculty and students, the center will support and perform education and non-federal research in risk and compliance-related issues across sectors, specifically audit innovation, data analytics, information privacy and security. Â鶹¹ÙÍø faculty, staff and students will work closely with to develop and test next-generation solutions for these sectors.
PwC is initially investing $11 million into the new center, including a faculty chair and fellowships, with potential funding of $31 million over five years. PwC and Â鶹¹ÙÍø also are developing executive training courses for chief risk officers and chief privacy officers.
“Leveraging our client leadership with Carnegie Mellon’s research leadership is a sure-fire proposition,” said Dean Simone, U.S. Risk Assurance Leader. “We’re investing in a future where our clients in both non- and regulated industries and public safety can maximize technology to solve their biggest challenges. This relationship aligns to our purpose statement: building trust in society and solve complex business problems.”
“We are excited at this opportunity to work with a global leader like PwC to solve real-world business problems,” said Â鶹¹ÙÍø President Subra Suresh. “Our thought and research leadership in technology with PwC’s strategic and real-world expertise will make a difference around the world and bring valuable experience and resources to our faculty and students.”
Â鶹¹ÙÍø’s internationally renowned strengths, ranging from artificial intelligence, robotics and cybersecurity to the performing arts and technology-enhanced learning, allow for a multidisciplinary approach to meet society’s challenges. Â鶹¹ÙÍø’s technology expertise continues to receive significant attention from industry, which has led to agreements with more than 350 U.S. companies.
