There is a lot of noise around AI, with some private equity firms thinking it’s a fad and some thinking it’s the most transformational technology of our time – but a lot of firms just don't know what to think. In this video, Crowe AI specialists help bridge the gap, discussing how firms can strategically adopt and implement the right AI solutions for their private equity firms and portfolio companies.
Here are some highlights from the video:
- There are three groups of organizations in AI adoption: Early adopters, strategic adopters and tinkerers, and the wait-and-see crowd.
- Our team sees success with firms that fall in the middle, taking a strategic adopter/tinkerer approach to win the AI race.
- Our three-level framework for graduated AI adoption:
- Find AI to help you achieve quick wins with low-level tasks
- Infuse AI in your current processes
- Use AI to complete an entire project before having a human double-check the output
- AI tool demos featuring real-life examples.
Automating routine tasks with AI while keeping humans in control of high-level decisions can help firms increase their capacity in an effective, financially responsible way.