The alternative investment industry has been slow to embrace digitization. A recent study conducted by KPMG International and CREATE-Research found that private equity managers, in particular, have lagged behind their hedge fund manager peers in implementing emerging digital technologies. This two-part series summarizes the key findings from the report and includes insights from Professor Amin Rajan, chief executive of CREATE-Research and one of the study’s authors. This second article discusses how both hedge fund and private equity managers are currently implementing digital innovations into their businesses, including the types of digital technologies they have adopted, and how alternative investment managers can move toward a more digital environment. The first article examined digitization as a disrupter in the alternative investment industry and its anticipated effects; seven drivers of digitization; and key factors that are likely to affect its pace. For more on how technology is affecting the alternative investment industry, see “How Blockchain Will Continue to Revolutionize the Private Funds Sector in 2018” (Jan. 4, 2018).