The status quo in Private Equity & Venture Capital
Talk of digitization and digital transformation are hot topics for all industries, but especially for Private Equity and Venture Capital in the current climate. Why?
The Private Equity industry has been notoriously slow to adopt new technology. This resistance is starting to catch up with the industry and rearing negative effects.
In today’s modern landscape more businesses are operating remotely and rely on their data to make important decisions. Technology has become a critical business capability that can no longer be ignored. Those who don’t transition and use technology to replace or enhance traditional processes will find it much more difficult to respond to changing market conditions and run the risk of getting beat by their competitors.
Modern technology is nothing to be afraid of — it has the power to ease firms’ biggest pains.
The pain points that firms report are:
- Achieving operational efficiency
- Leveraging internal data
- Managing complexity as firms grow
- Exceeding sophisticated investor expectations