D&B Ask Procurement™ offers immediate view into provider insights
Dun & Bradstreet, a number one world supplier of enterprise decisioning knowledge and analytics, introduced in the present day the supply of D&B Ask Procurement, its generative synthetic intelligence (Gen AI) assistant inbuilt collaboration with IBM, that synthesizes huge datasets and offers clever suggestions to assist procurement groups make sooner data-driven selections, mitigate dangers and drive efficiencies throughout their provider networks.
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“With D&B Ask Procurement, an AI assistant constructed on the muse of watsonx Orchestrate, customers can seamlessly full duties and automate complicated processes with pure language, serving to drive effectivity, cost-savings and better productiveness.”
Related to Dun & Bradstreet’s complete enterprise danger, monetary, and firmographic knowledge and insights, D&B Ask Procurement helps groups to question important provider insights, expedite evaluation and reporting, and determine suppliers for engagement. Constructed with IBM watsonx Orchestrate and watsonx.ai expertise with assist from IBM Consulting, D&B Ask Procurement is an AI assistant that additionally leverages an agentic AI framework to supply superior reasoning capabilities and autonomous choice making. Using a conversational chat interface, customers can rapidly and extra simply develop insights to assist de-risk their provide chain, improve productiveness. and in the end cut back prices.
“D&B Ask Procurement unlocks the complete depth and breadth of Dun & Bradstreet’s content material for procurement professionals to have the ability to rapidly entry a 360-degree view of an organization’s enterprise relationships and make extra knowledgeable selections,” stated Brian Filanowski, Common Supervisor, Finance & Threat Options, Dun & Bradstreet. “We’re dedicated to fusing Dun & Bradstreet’s trusted knowledge and analytics with the Gen AI capabilities of IBM watsonx Orchestrate to energy options like D&B Ask Procurement that ship significant aggressive benefits to our buyer’s companies.”
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Key capabilities of D&B Ask Procurement embrace:
- Crucial Provider Insights: Powered by Dun & Bradstreet’s Information Cloud, containing over 580 million private and non-private entities across the globe, D&B Ask Procurement solutions questions regarding present or potential provider dangers, financials, ESG, useful possession, authorized filings and occasions, and extra. The assistant additionally leverages proprietary predictive danger scores and analytics on suppliers’ enterprise and monetary well being.
- Firm Information Integration: Along with Dun & Bradstreet knowledge, organizations can incorporate their very own knowledge and insights, reminiscent of spend and buy order historical past, into D&B Ask Procurement primarily based on their very own involvement with suppliers.
- Multi-step Evaluation & Reporting: D&B Ask Procurement can simply calculate evaluation studies by synthesizing quite a few knowledge outputs, generates danger summaries primarily based on key findings, and compares suppliers’ attributes, reworking earlier guide evaluation processes from hours to seconds.
- Establish Suppliers for Engagement: D&B Ask Procurement rapidly builds comparisons of a number of suppliers to assist organizations take advantage of optimum picks. It additionally identifies suppliers in a corporation’s portfolio that require outreach and helps to get rid of prolonged analysis throughout routine evaluations.
- Simple Accessibility: D&B Ask Procurement is definitely accessible by way of a web-based utility, serving to to ship real-time solutions when and the place wanted.
“One key level of entry for Gen AI adoption is AI assistants, and collectively IBM and Dun & Bradstreet are collaborating to carry shoppers new improvements inside the procurement area,” stated Parul Mishra, Vice President of Product Administration, Digital Labor at IBM. “With D&B Ask Procurement, an AI assistant constructed on the muse of watsonx Orchestrate, customers can seamlessly full duties and automate complicated processes with pure language, serving to drive effectivity, cost-savings and better productiveness.”
This announcement is an final result of the strategic collaboration between Dun & Bradstreet and IBM, combining IBM’s AI and knowledge platform and consulting companies with Dun & Bradstreet’s provide chain experience and huge units of trusted knowledge to assist organizations responsibly develop their use of generative AI. Leveraging IBM watsonx Orchestrate and watsonx.ai might help enterprises simplify how they construct scalable AI assistants and brokers, combine present workflows, and simplify complicated processes throughout the enterprise.
D&B Ask Procurement aligns with the accountable knowledge and AI ideas that information Dun & Bradstreet’s improvement of information and AI-fueled options, persevering with the corporate’s journey in offering AI options companies must effectively entry complete knowledge and analytics. D&B Ask Procurement comes on the heels of one other just lately launched superior Gen AI assistant, ChatD&B™, which solutions questions posed on a industrial entity inside seconds, utilizing Dun & Bradstreet’s validated and well timed knowledge to ship related and correct output.
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