SS&C Technologies, based in Windsor, has released what it’s calling a benchmarking study of AI in dealmaking.
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Artificial intelligence tools are becoming increasingly embedded in the mergers and acquisitions process, but many senior executives are concerned about the impact of the technology, according to a new survey.
SS&C Technologies, based in Windsor, has released what it’s calling a benchmarking study of AI in dealmaking.
In association with Reuters, SS&C Intralinks surveyed 400 global M&A dealmakers from private equity firms, corporate advisory firms and investment banks to see how AI is being adopted.
More than 49% of dealmakers report AI is now fully integrated across all stages of their work, with a further 41% reporting at least partial integration. Just 10% remain in pilot or experimental projects.
Most report that AI is delivering measurable time savings, and the majority of dealmakers give AI outputs a trust rating of 70% or above.
However, some 80% of dealmakers say they have experienced AI-related security and accuracy incidents or near-misses in the past 12 months. The report says many incidents involve access-control lapses or hallucinated outputs leading to inaccurate diligence.
Despite increasing adoption, more than 57% of respondents report senior-level resistance to AI has increased in the last 12 months, because of concerns about accuracy, fiduciary risk and client perception.
“With 90% of dealmakers already utilizing AI, the technology is moving faster than the industry’s current ability to manage it,” said Ken Bisconti, co-head of SS&C Intralinks. “The challenge now isn’t adoption, it’s control.”
