What’s the Real Meaning of Digital in Private Equity?
Digital is technology, but in the context of private equity it’s useful to classify technology on a continuum by the incremental impact it can have on enterprise value. High (impact) tech includes the Internet of Things (IoT), data science (analytics & AI (ML)), the digital twin, sensor fusion, additive manufacturing, augmented reality and blockchain. Mid (impact) tech includes automation, RPA, digital marketing and ecommerce. Low (impact) tech includes IT and business systems (BI, CRM, PLM, ERP).
To learn more, you can read Chapter 4 on our website from my book, The Private Equity Digital Operating Partner: Using Digital Transformation for Value Creation.
Bruce, thanks for sharing! How are you?