Lowenstein Sandler has been gauging fund managers’ uptake of alternative data since 2019. Its most recent alternative data survey of more than 100 PE, hedge fund and venture capital firms found that two-thirds of respondents now use alternative data. “Alternative data is no longer novel, but the combination with [artificial intelligence (AI)] creates the possibility for original insights at a scale and speed that was previously unattainable,” said Lowenstein Sandler partner Scott H. Moss, in a report prepared based on the survey results (Report). “We have entered a new era of investment that will be shaped in large part by technology’s exploitation of data.” The Report covered sources and uses of alternative data; key concerns; rate of AI adoption; and legal and compliance uses for the technology. This article distills the findings in the Report, with additional commentary from Moss. See “Driven by AI, Private Funds’ Use of Alternative Data Continues to Grow, Survey Finds” (May 30, 2024).