Press release
Global M&A Dealmakers See AI Adoption Accelerating, SS&C Intralinks Survey Finds
SS&C Survey of 300 Global M&A Professionals Highlights AI as a Competitive Differentiator WINDSOR, Conn., July 24, 2024 /PRNewswire/ -- SS&C Technologies
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[{"type":"text","content":"SS&C Survey of 300 Global M&A Professionals Highlights AI as a Competitive Differentiator\nWINDSOR, Conn., July 24, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the publication of the SS&C Intralinks 2024 Artificial Intelligence in M&A Report. Intralinks surveyed 300 global M&A dealmakers from 225 corporations and 75 private equity firms in H1 2024 to understand how and why dealmakers use AI to facilitate mergers and acquisitions (M&A).\n\n \n \n \n \n \n \n\n \nM&A professionals believe AI is going to change every aspect of dealmakers' work.\"The rate of AI adoption in M&A has been intense and is unlikely to slow down anytime soon,\" said Bob Petrocchi, Co-Head of SS&C Intralinks. \"M&A professionals believe AI is going to change every aspect of dealmakers' work. The extent of their ability to exploit these novel technologies will be a factor in their ability to stay ahead of competition.\"\nKey findings from the report include:\nThe majority of participants (97%) believe AI will profoundly impact their operations and how they run M&A processes. About a third of the respondents are early adopters, confident in AI's transformative potential and its practical applications for their businesses.Talent and skills are seen as the biggest stumbling blocks in AI adoption in the next 12-24 months, with 18% of respondents citing the need to recruit and retain knowledgeable personnel. A further 17% point to the need to train existing staff so their firms can move on from legacy technologies.Nearly 43% say they've already invested in AI training for deal teams. A third of the respondents (32%) intend to consider restructuring deal teams and their responsibilities as AI adoption accelerates.A quarter of the respondents cite quality control and reliable performance as the top risks associated with AI adoption. Another 19% point to data security and privacy as a key issue.The report also highlights viewpoints on practical applications for AI within dealmaking:\nPredictive analytics and generative AI are the most valuable AI tools for M&A dealmakers, followed closely by machine/deep learning.Nearly a quarter (23%) of all respondents believe AI can help generate more accurate and dynamic valuations by analyzing financial data, industry trends and competitor information.Close to 30% of respondents believe ...