Bite Investments report: Digitalization a priority for private markets firms following a direct, positive impact on profit
· Keeping ahead of competitors in terms of technological capabilities is now a top priority for private equity and other alternative asset management firms as 79% of organizations report a direct, positive impact on profit because of digitalization over the past two years · Investor relations and communications, cybersecurity, and due diligence are the top drivers for investment into digitization · Larger firms are more likely to recognize the benefits of digitalization (43% vs. 27% of smaller firms) · Digital integration, including transferring data from legacy systems to new ones,