LISTEN: RFA’s George Ralph on data, pt1
Data and the various ways in which private equity can apply it has become a hugely important topic in light of the recent disruption.
While the industry is well aware of the advantages that data applications can bring about - across all functions (deal doing, portfolio monitoring, fundraising and operations) - the highly nuanced nature of private equity has meant that it’s more challenging to apply generic software and technologies seen in adjacent industries.
This first instalment explores the nuances of developing data strategies, depending on the firm’s size, focus and willingness to to adopt new technologies.
We also discuss mind sets needed and common cultural barriers to integrating data applications, as well as the importance of collaboration and selecting the right partners to work with.
(it’s less than nine minutes long).