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Top 3 AI Concerns Private Equity Funds Have for Their Portfolio Companies

Knownwell

If you’re an executive working at a private equity-backed company, wouldn’t it be helpful to know what PE leaders are actually worried about when it comes to AI use in their portfolio companies? Good news. That’s what episode 3 of ourAI Knowhow podcast is all about.

Knownwell CEO David DeWolf sets the stage for the roundtable discussion by sharing why it’s even important to pay attention to where the hearts, minds, and investments of the PE community are focused at any given time.

Specifically with AI, private equity funds are pushing their portfolio companies to realize the productivity and efficiency gains that AI can help realize. A recent PwC study predicted that of the $16 trillion of economic value that would accrue as a result of AI, 55% will come about as a result of improvements in productivity and efficiency.

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Episode Highlights

  • Courtney and Pete dig into the news that Amazon, Microsoft, and Google all made recent announcements around weaving Generative AI more deeply into a variety of products, from Alexa to CoPilot to Gmail.
  • Courtney and Pete dissect a New York Times article about a study that found a staggering amount of waste in the construction space. It looks at how one Israeli startup is using AI to improve efficiency, scheduling, operations, and productivity.
  • David and Mohan discuss the mandate executives are now feeling to improve their business operations. They introduce the concept of Value Stream mapping as an important one for any leader looking to analyze the current state of their operations and plot a forward-looking path that includes AI-driven insights.
  • David foreshadows a conversation we’ll be exploring more deeply in a future episode on why he thinks the CHRO is primed to be an AI agent of change just as much as the Chief Digital Officer or Chief Technology Officer.
  • David and Mohan talk about how executives should think about and manage the risk that is inherent in deploying artificial intelligence.
  • Lee Garber of NewSpring Capital talks with Pete Buer about where on the football field he sees companies in their ability to use AI technology to drive value. Lee’s take? Not ready as an industry to punch it in for a touchdown. It’s more like 1st and 10 from our own 20-yard line.

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