KPMG strives to contribute in a positive way to the debate that is shaping the Australian economy, and welcomes the opportunity to provide a submission in response to the Productivity Commission’s Harnessing data and digital technology inquiry.
Productivity Commission: Harnessing data and digital technology
KPMG submission to Productivity Commission: Harnessing data and digital technology
In this submission KPMG responds to the Productivity Commission’s consultation questions on enabling AI's productivity potential and highlights the importance of striking a regulatory balance that safeguards societal interests without stifling innovation.
The submission emphasises the need for frameworks addressing fairness, transparency, and accountability, while avoiding overly stringent regulations that could hinder productivity. KPMG notes the value of AI literacy and training, as well as the necessity of fostering public trust in AI.
KPMG is considered both a developer and deployer of AI applications in Australia and has evolved a robust AI governance structure and implemented appropriate policies and processes that underpin our approach to responsible AI.
Actively involved in various forums relating to AI use and regulation, KPMG's has published their response to the Introducing mandatory guardrails for AI in high-risk settings proposals paper. We have partnered with the University of Melbourne to produce a comprehensive global study into the public’s trust, use and attitudes towards AI: Trust in Artificial Intelligence: global insights 2025.
KPMG is continuing their research into AI regulation and its economic impact and look forward to continuing to work with the Productivity Commission on this topic
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