{"id":3043,"date":"2023-10-10T09:22:37","date_gmt":"2023-10-10T08:22:37","guid":{"rendered":"https:\/\/alterdomus.com\/?post_type=insights&p=3043"},"modified":"2023-10-10T10:06:07","modified_gmt":"2023-10-10T09:06:07","slug":"a-game-changer-for-fund-managers-and-alter-domus-the-benefits-of-ai-and-machine-learning","status":"publish","type":"insights","link":"https:\/\/alterdomus.com\/insight\/a-game-changer-for-fund-managers-and-alter-domus-the-benefits-of-ai-and-machine-learning\/","title":{"rendered":"A game-changer for fund managers and Alter Domus: The benefits of AI and machine learning"},"content":{"rendered":"\n
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News<\/p>\n\n\n

A game-changer for fund managers and Alter Domus: The benefits of AI and machine learning<\/h1>\n\n\n

Artificial intelligence and machine learning have the potential to be game changers for private credit and fund administrators. Alter Domus\u2019 Head of Automation and AI, Davendra Patel told PDI\u2019s \u201cFuture of Private Debt\u201d<\/a> report, boosting everything from deal sourcing to ESG reporting.<\/p>\n\n\n\n

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Davendra Patel <\/p>\n\n\n\n

Head of AI and Automation<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

\"Technology<\/figure>\n\n\n

Although early adopters are seeing the benefits of integrating artificial intelligence and machine learning into their fund management workflows, the game-changing potential of the tools remains largely untapped in private credit \u2014 but probably not for long, according to experts who spoke recently with PDI for their recently published \u201cFuture of Private Debt\u201d report<\/a>.<\/p>\n\n\n\n

The group included Davendra Patel, Head of Automation and AI at Alter Domus.<\/p>\n\n\n\n

The sector is gradually embracing AI and machine learning for good reason: the technology can help with investment strategy and back- and middle-office functions alike, everything from deal sourcing and due diligence to investor and ESG reporting.<\/p>\n\n\n\n

One of AI\u2019s strengths is its ability to discern patterns from thousands of data points, and to do it in a fraction of the time it would take a team of people to do it, and without the risk of human bias. Of course, it takes human judgment to draw a final, well-considered decision out of the data, but AI can improve the confidence around it.<\/p>\n\n\n\n

Alter Domus spent four years creating its own AI systems, including a proprietary version of ChatGPT. According to Patel, the company\u2019s in-house capabilities, which have been deployed across Alter Domus\u2019 entire business, help clients simplify and automate complex processes.<\/p>\n\n\n\n

Among other things, Alter Domus automation reads emails, removes attachments, and automatically classifies, extracts, and summarizes the information. Clients have access to real time insights \u2014 something investors have been clamoring for. What\u2019s more, Alter Domus\u2019 proprietary tools mitigate the security risks often associated with off-the-shelf digital solutions.<\/p>\n\n\n\n

Read the full report.<\/a><\/p>\n\n\n\n

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