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April 26, 2024
2 min
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The AI Divide: How Private Equity is Winning while Mid-Size Companies Lag Behind

"While [AI platforms] are still evolving rapidly, applying AI will increasingly become table stakes in how people run their businesses, whether you’re the operator or the private equity firm.” - Devin Ryan, Director of Research, Citizens JMP Securities.

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Private Equity (PE) Firms will be investing more in AI
  • PE firms are ahead of the curve – 97% of PE financial leaders say they’re using AI.
  • Operational Efficiency gains – 81% of decision makers at PE firms say AI made business easier.
  • Confidence in benefits is growing, but concerns for potential risks remain – firms say that legal compliance, errors and privacy violations are risks that are holding them back.
  • 85% of PE firms expect their AI investment levels to increase – PE firm success likely is increasing confidence to explore more use cases.
In Mid-Size Companies AI adoption is lead by CFO's
  • CFOs of mid-size companies are leading the way – 87% of AI implementations are lead by the CFO.
  • Both groups are using AI to automate manual processes – these efficiencies can reduce costs and make employees more productive.
  • AI for cash flow forecasting and financial analysis – 76% of mid size-firms are using AI, with the majority of use cases applied to forecasting and financial analyses.
  • 54% of  mid-size companies vs 69% of PE firms are confident in their ability to leverage AI – 52% of mid-size businesses cite a lack of AI education/training.

SOURCES

[1] Escalent Research on behalf of Citizens Bank

https://www.citizensbank.com/corporate-finance/insights/artificial intelligence-trends-report.aspx

https://www2.deloitte.com/us/en/pages/center-for board effectiveness/articles/future-of-tech artificial-intelligence.html

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The opinions expressed are those of Henon Financial Technologies Inc. (“Henon”). The information and/or analysis contained in this material have been compiled or arrived at from sources believed to be reliable but Henon does not make any representation as to their accuracy, correctness, usefulness or completeness and does not accept liability for any loss arising from the use hereof or the information and/or analysis contained herein. Henon disclaims any responsibility to update such information. Neither Henon or its affiliates, nor any of their directors, officers or employees shall assume any liability or responsibility for any direct or indirect loss or damage or any other consequence of any person acting or not acting in reliance on the information contained herein.

All overviews and commentary are intended to be general in nature and for current interest. While helpful, these overviews are no substitute for professional tax, investment or legal advice. Clients should seek professional advice for their unique situation. Neither Henon, Henon Capital Ltd., nor any of their affiliates or representatives is providing tax, investment or legal advice. Past performance does not guarantee future results. This material was prepared solely for informational purposes, does not constitute an offer or an invitation by or on behalf of Henon to any person to buy or sell any security and is no indication of trading intent in any fund or account managed by Henon. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. Unless otherwise specified, all data is sourced from Henon.

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