Lowenstein Sandler’s Investment Management Group has released the “2024 Lowenstein Sandler Alternative Data Report,” highlighting the growing integration of alternative data in investment management, especially with AI advancements. Authored by Scott H. Moss, Boris Liberman, and George Danenhauer, the report reveals that 67% of surveyed investment professionals currently use alternative data, up from 62% in 2023 and 31% in 2022. Additionally, 94% of users plan to increase their budgets for alternative data in 2025. The report emphasizes the need for robust policies governing AI use in investment decision-making, reflecting a significant shift towards data-driven insights.