2025年AI融合另类数据带来的新机遇与挑战调研报告

AI’s Integration IntoAlternative Data FuelsNew Opportunities Executive Summary As the integration of alternative data with artificial intelligence(AI) systems accelerates, investment firms are experiencing both AI is proving highly beneficial in surfacing new signals,streamlining research, and unlocking new sources ofalpha from complex, high‑velocity datasets. At thesame time, its use is heightening firms’ exposure tomodel risk, governance gaps, and evolving data rights—requiring firms to implement disciplined controls, Total Alt Data Usage Private Equity Firms, Hedge FundManagers, and Venture Capital Firms These conclusions are based on Lowenstein Sandler’slatest survey of investment advisers at private fundmanagers (private equity firms, hedge fund managers,and venture capital firms). Since2019, the firm hasconducted an annual survey (except in 2020) tounderstand the role of alternative data in the investmentcommunity. Now a global market estimated at over $15 62%2023 Results from the latest survey suggest the popularityof alternative data continues to grow. The percentageof respondents currently using alternative data reached90 percent, up from 67 percent last year and 62 percentin 2023. Only 4 percent of respondents indicated that Executive Summary New Opportunities, Like practically every segment ofthe economy, alternative investment isbeing reshaped by AI. Investment firmsare leveraging it across their business,including by deriving new insights from Of course, any analysis of the alternative data market isincomplete without considering the impact of AI, whichhas become central to operations across investmentfirms.LIGHTBULB-ONPrivate fund managers are applying it tomultiple functions, most notably investment research,portfolio monitoring, and data summarization.AI use is — Scott H. MossPartner At the same time, AI has raised new concerns about—among other things—data security, regulatory scrutiny,vendor reliability, and the risk of acquiring materialnonpublic information. Those concerns are particularlysalient in the alternative data ecosystem, where vendorsare adding AI‑enabled features. Survey results show that Chair, Fund Regulatory & ComplianceCo‑chair, Investment Management GroupLowenstein Sandler LLP Still, none of those challenges seem to slow the integrationof AI and alternative data. There is evidence that firmsare tackling many of the challenges—for example, nearlynine in 10 respondents said they have formal policies in Key Findings of respondents said their firm is using AI systemsto a moderate or large extent for investmentresearch/portfolio optimization/trading of respondents indicated they have seencost increases for alternative data productsincorporating AI of respondents report that alternative datavendors are fully or mostly enabling AI analysisor interaction into their products of respondents said their firms plan to increasetheir budget for alternative data, while96% planan increase devoted to AI Explosive Growth, Fueled by AI To most of the professional investment community, alternative data is an old story, but its explosive growth isn’t.Not sure if we want to carry this from the 2024style, but we did just a think stroke on theones that were zero vs having it entirely blank.Just a thought LIGHTBULB-ONThe intelligence firmNeudataestimates that the alternative data market for investment managers could reachnearly $40 billion by 2030, double its current size.Further, in 2024, market spending on alternative data grew 34percent, according to Neudata, exceeding the 21 percent average annual growth since 2020. Those numbers jibe with the findings in this survey—the 90 percent of survey respondents who said they are currentlyusing or plan to use alternative data is higher than in the previous two years. Enthusiasm for its use is evident across Explosive Growth, Fueled by AI The explosion of alternative data is being significantly fueled by the emergence of AI to exploit it. While someunconventional sources, such as satellite imagery and credit card transactions, have long existed, advances in largelanguage models and machine learning have made them potentially more valuable. AI has enabled the harvesting andanalysis of large datasets, allowing investors to extract more value and make new connections. Technology is also Do you use alternative data in combination with fundamental analysis to make investment decisions?90%100% To what extent is your firm currently using any AI systemsfor investment research/portfolio optimization/trading?QAI4 Explosive Growth, Fueled by AI QAI2 In which of the following areas does your firm expect to be using AI in the next 12 months?TotalVenture capitalHedge fundPrivate equity Navigating New Market Dynamics With new sources of alternative data proliferating rapidly, there’s more urgency to exercise greater discretion indeciding which to incorporate into investment decisions.LIGHTBULB-ONIn a world of information abundance, t