Last week’s M&A Nugget discussed how Big Data analytics can be used to predict and foster the success of a business acquisition. Artificial Intelligence is increasingly being used to capture and analyze Big Data. Artificial Intelligence (AI) generally means the capacity of a machine (computer) to perform tasks normally performed by humans. The use of AI has objective and subjective benefits. First, AI systems can process huge volumes of contracts and data faster than people. Second, AI systems remove emotional bias from the decision making process. The huge benefits of AI are evident in the M&A industry – the acquisition of AI companies has increased at a dramatic pace since 2015 including by the likes of Google, Apple, Ford and Samsung. This is not to say that AI is the be all and end all, as the opportunity to personally interact with and judge the target company and its owners and employees is valuable.
If you have any questions about this or any other M&A issue,
please contact Glenn Solomon
ABOUT GLENN D. SOLOMON
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Glenn D. Solomon is a principal at Offit Kurman and has provided counsel to businesses and business owners for more than twenty-five years. He has extensive experience in the purchase and sale of businesses, structuring ownership agreements, and advising companies in financial distress.
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