10 Ways for Alternative Investment Managers to Prepare for Gen AI (Finextra)
As we enter 2025, private equity firms are poised for a transformative year in AI adoption, with 51% of alternative investment managers currently exploring AI implementation. In this article posted on Finextra, Raj Bakhru outlines ten critical action items for PE firms to successfully integrate AI into their operations. These range from establishing cross-functional AI working groups and investing in robust knowledge management infrastructure to implementing strategic data integration and upskilling teams.
The roadmap emphasizes the importance of a measured, strategic approach, starting with high-impact, low-risk use cases while maintaining strong ethical and compliance frameworks. Bakhru argues that while the financial services sector may have been slower to adopt AI compared to other industries in 2024, firms that take decisive action now to build strong AI foundations will gain significant competitive advantages in the years ahead, fundamentally reimagining their investment processes while maintaining essential business continuity.
Go to the full article on Finextra.