Crowe LLP recently announced a significant expansion of its AI Center of Excellence, signaling its commitment to integrating advanced AI solutions across its services, including business valuation. With Doug Schrock now leading as Firmwide AI Managing Principal, Crowe aims to enhance its AI capabilities, focusing on tools like data curation and AI-driven analytics. This development mirrors broader trends in the professional services industry, where AI adoption is rapidly accelerating.
Major firms, including the Big Four, are investing heavily in AI, automation, and data analytics to streamline business processes, improve accuracy, and deliver client insights faster. For business valuation practitioners, especially those in independent firms or large consultancies, this trend underscores the need to embrace technology to stay competitive. Not only is AI transforming how firms operate, but we’re also seeing a broader shift toward integrated digital platforms, blockchain, and real-time data sharing in valuations, enhancing transparency and efficiency
As AI continues to evolve, valuation professionals should expect its increasing role in everything from data analysis to predictive financial modeling, making it essential for practitioners to stay current with these innovations to maintain a competitive edge.
For more details, read Crowe’s full announcement here.
