Analyzing + labeling data?

Workshopping a business idea right now, but how are most LMM/MM firms and their port co's using & analyzing data? 

Seems like most of it is in unstructured excel files stored on some virtual data room. From my (untrained) eye, PE firms could use an LLM on their private data. They probably have already, but I'm not that educated in the space. 

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