I'm here at CES meeting with clients and partners to discuss
the latest trends in technology.
And technology is playing an increasingly important role also
in the private equity industry.
Let me give you two examples.
Within private equity firms, we see technologies like machine
learning or GenAI deployed across the whole investment
cycle.
Gone are the days where the analysts are just looking at
information memoranda by themselves.
In future, this will always be supported by bots, by a lot more
data and ultimately by GenAI.
The second example is within the private equity portfolio
companies.
Let's take software companies.
80% of the costs of software companies sit in three
functions.
With the use of GenAI, the cost of these functions can be
reduced by more than 20%.
This is stage one of value creation
with GenAI. Step 2 will come when better decision making will
take place and when new operating models can be built
with the help of GenAI.
We see already the leaders building better businesses,
driving better decisions with the use of technology and
ultimately again, this will drive returns and performance in
the private equity industry.