How Will Technology Effect PE In The Next 10 Years And What Skills Can Current Practitioners Learn To Be Prepared?
(Taking inspiration from my own forum post over in IB) The threat of automation has been disscussed already. I want't go throught that because part of it is intuitive. I am of course very interested in how technology will augment the field specific to Private Equity rather than Investment Banking or Hedge Funds but am rather tired of the usage of generic buzz words such as machine learning or AI being used as sort of a general thematic change.
It would be very interesting to gauge from how specific applications ex: neural networks to improve recognition of common deal flow patterns, the usage of genetic algorithms. For instance, firms like Deep Knowledge Ventures (A Hong Kong firm) is using an AI system called VITAL that tracks prospective firms' financing, clinical trials, ip, etc (more info here: https://capitalmarketsblog.accenture.com/machine-…)
Secondly, and even more importantly what skills can current 2nd year IB analysts, practicioners already in the field, etc pick up to take benefits of these changes (which will take place no matter what).
Cheers.
SabalSabal, way too quiet in here. What about these resources:
Who will rescue this thread? wwwmj @mkaplan928" Greyjjw
I hope those threads give you a bit more insight.
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