In our first episode of Insights and Indicators for 2022, we sat down with Jason Thomas, our Head of Global Research at Carlyle, to explore how digital transformation trends could impact the investment environment in 2022 and beyond. Specifically, we discuss: What sectors might emerge as winners because of the “digitized virtual future” the pandemic caused us to imagine, The indicators that will help us observe the degree of technology adoption this year, and The impact of digital transformation on valuations.   Sources for data referenced in this episode: Data on spending on software, data, digital, and related R&D comes from Carlyle, BEA, December 2021. Productivity analysis of the 1990s comes from “US Productivity Growth, 1995-2000: Understanding the contribution of Information Technology relative to other factors,” McKinsey Global Institute, 2001. Survey of CEOs on top risks comes from AlixPartners, Survey Conducted December 2021.   Our research disclosure is available at https://www.carlyle.com/notices-and-disclaimers.