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ZDNET's key takeaways
Businesses are using AI for mergers and acquisitions.
It's not without data security concerns, among others.
Upskilling, regulation, and other factors could improve those issues.
Many businesses are now using generative AI tools to assist with mergers and acquisitions (M&A), a new study from Deloitte found.
Based on a survey of 1,000 senior business leaders, the study found that 86% of respondents said their organizations have already incorporated generative AI into their M&A processes. The majority of those (65%) have started to do so within the past year, signaling a rapidly escalating trend that reflects a broader embrace of the technology throughout the private sector as new AI tools promise big productivity gains.
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There's some trepidation surrounding the use of generative AI for M&A, though. According to the study, data security was the most prominent concern, cited by 67% of respondents, followed by data quality (65%), model reliability (64%), ethics and bias (62%), and other factors.
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