2025-AI融合另类数据带来的新机遇与挑战调研报告-Lowenstein Sandler & OvationMR-21页

2025 SURVEY RESULTSAI’s Integration Into Alternative Data Fuels New Opportunities and Challenges © 2026 LOWENSTEIN SANDLER LLP1 © 2026 LOWENSTEIN SANDLER LLPLOWENSTEIN.COMAs the integration of alternative data with artificial intelligence (AI) systems accelerates, investment firms are experiencing both expanded opportunity and heightened responsibility. AI is proving highly beneficial in surfacing new signals, streamlining research, and unlocking new sources of alpha from complex, high‑velocity datasets. At the same time, its use is heightening firms’ exposure to model risk, governance gaps, and evolving data rights—requiring firms to implement disciplined controls, auditable decisioning, and a clear data provenance strategy to effectively translate innovation into durable performance. These conclusions are based on Lowenstein Sandler’s latest survey of investment advisers at private fund managers (private equity firms, hedge fund managers, and venture capital firms). Since 2019, the firm has conducted an annual survey (except in 2020) to understand the role of alternative data in the investment community. Now a global market estimated at over $15 billion, alternative data includes forms of information not contained in company filings, press releases, analyst reports, or other traditional sources, such as credit card transactions, satellite imagery, and mobile device data. Results from the latest survey suggest the popularity of alternative data continues to grow. The percentage of respondents currently using alternative data reached 90 percent, up from 67 percent last year and 62 percent in 2023. Only 4 percent of respondents indicated that private fund managers do not expect to use alternative data in the future. Moreover, over two‑thirds of respondents reported having alternative data budgets exceeding $1 million. Executive SummaryTotal Alt Data UsagePrivate Equity Firms, Hedge Fund Managers, and Venture Capital Firms90% 202567% 202462% 2023Variances from 100% in charts on following pages are attributable to rounding.89%89%100%81%of respondents said their firm is using AI systems to a moderate or large extent for investment research/portfolio optimization/tradingof respondents report that alternative data vendors are fully or mostly enabling AI analysis or interaction into their productsof respondents indicated they have seen cost increases for alternative data products incorporating AIof respondents said their firms plan to increase their budget for alternative data, while 96% plan an increase devoted to AI2 © 2026 LOWENSTEIN SANDLER LLPLOWENSTEIN.COMNew Opportunities, New ChallengesOf course, any analysis of the alternative data market is incomplete without considering the impact of AI, which has become central to operations across investment firms. � Private fund managers are applying it to multiple functions, most notably investment research, portfolio mon...