Generative AI Seen as Helping to Identify M&A Targets, Bain Says
- In survey, 80% of respondents plan to use AI for deal making
- Advisory firm expects rebound in transactions in 2024
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Deal makers are turning to artificial intelligence and generative AI tools to source data, screen targets and conduct due diligence at a time of heightened regulatory concerns around mergers and acquisitions, Bain & Co. said in its annual report on the industry released Tuesday.
While only 16% out of a total of 306 M&A practitioners surveyed by the advisory firm said they have relied on generative AI for past deal making, 80% said they expect to deploy it in the coming three years, highlighting the scope for potential changes to how companies do deals.