How AI can enhance the Capabilities of Private Equity Firms

"…AI and the fourth industrial revolution will impact every aspect of people's lives." Artificial intelligence (AI) has reached a tipping point and is already part of our daily lives. If you've used Google Maps to determine the optimal route and transport options, you would have benefitted from the AI powered predictions backed by troves of underlying data. For companies such as banks, machine learning (ML) has also been successfully used to extend loans at much lower default rates and with much greater productivity. With the onset of the COVID-19 pandemic this year, the adoption of technology in our everyday lives has only accelerated.