Dun & Bradstreet Accelerates Procurement and Supplier Risk Decisions With AI Assistant, Powered by World-Class Data and IBM Technology
Dun & Bradstreet (NYSE: DNB) has launched D&B Ask Procurement, a generative AI assistant developed in collaboration with IBM. The tool leverages IBM watsonx technology and Dun & Bradstreet's extensive Data Cloud, containing over 580 million business entities, to help procurement teams make faster, data-driven decisions.
The AI assistant provides critical supplier insights, integrates company data, performs multi-step analysis, and identifies suppliers for engagement. It offers real-time access to supplier risks, financials, ESG data, and beneficial ownership information through a web-based interface, transforming manual analysis processes from hours to seconds.
Dun & Bradstreet (NYSE: DNB) ha lanciato D&B Ask Procurement, un assistente AI generativo sviluppato in collaborazione con IBM. Questo strumento sfrutta la tecnologia IBM watsonx e l'estesa Data Cloud di Dun & Bradstreet, che contiene oltre 580 milioni di entità commerciali, per aiutare i team di approvvigionamento a prendere decisioni più rapide e basate sui dati.
L'assistente AI fornisce informazioni critiche sui fornitori, integra i dati aziendali, esegue analisi multilivello e identifica i fornitori da coinvolgere. Offre accesso in tempo reale ai rischi dei fornitori, ai dati finanziari, ai dati ESG e alle informazioni sulla proprietà benefica attraverso un'interfaccia web, trasformando i processi di analisi manuale da ore a secondi.
Dun & Bradstreet (NYSE: DNB) ha lanzado D&B Ask Procurement, un asistente de IA generativa desarrollado en colaboración con IBM. La herramienta utiliza la tecnología IBM watsonx y la amplia Data Cloud de Dun & Bradstreet, que contiene más de 580 millones de entidades empresariales, para ayudar a los equipos de adquisiciones a tomar decisiones más rápidas y basadas en datos.
El asistente de IA proporciona información crítica sobre proveedores, integra datos de la empresa, realiza análisis multinivel e identifica proveedores para el compromiso. Ofrece acceso en tiempo real a los riesgos de los proveedores, datos financieros, datos ESG y información de propiedad beneficiosa a través de una interfaz basada en la web, transformando los procesos de análisis manual de horas a segundos.
Dun & Bradstreet (NYSE: DNB)는 IBM과 협력하여 개발한 생성형 AI 보조 도구인 D&B Ask Procurement를 출시했습니다. 이 도구는 IBM watsonx 기술과 Dun & Bradstreet의 방대한 데이터 클라우드를 활용하여 5억 8천만 개 이상의 비즈니스 엔터티를 포함하여 조달 팀이 더 빠르고 데이터 기반의 결정을 내리도록 돕습니다.
이 AI 보조 도구는 공급업체에 대한 중요한 통찰력을 제공하고, 회사 데이터를 통합하며, 다단계 분석을 수행하고, 참여할 공급업체를 식별합니다. 웹 기반 인터페이스를 통해 공급업체 위험, 재무, ESG 데이터 및 유익한 소유권 정보에 대한 실시간 액세스를 제공하며, 수동 분석 과정을 몇 시간에서 몇 초로 단축합니다.
Dun & Bradstreet (NYSE: DNB) a lancé D&B Ask Procurement, un assistant IA génératif développé en collaboration avec IBM. Cet outil utilise la technologie IBM watsonx et l'étendue de la Data Cloud de Dun & Bradstreet, contenant plus de 580 millions d'entités commerciales, pour aider les équipes d'approvisionnement à prendre des décisions plus rapides et fondées sur les données.
L'assistant IA fournit des informations critiques sur les fournisseurs, intègre les données de l'entreprise, effectue des analyses en plusieurs étapes et identifie les fournisseurs à engager. Il offre un accès en temps réel aux risques des fournisseurs, aux données financières, aux données ESG et aux informations sur la propriété effective via une interface web, transformant les processus d'analyse manuels de plusieurs heures en quelques secondes.
Dun & Bradstreet (NYSE: DNB) hat D&B Ask Procurement eingeführt, einen generativen AI-Assistenten, der in Zusammenarbeit mit IBM entwickelt wurde. Das Tool nutzt die IBM watsonx-Technologie und die umfangreiche Data Cloud von Dun & Bradstreet, die über 580 Millionen Geschäftseinheiten enthält, um den Beschaffungsteams zu helfen, schnellere, datengestützte Entscheidungen zu treffen.
Der AI-Assistent bietet wichtige Einblicke in Lieferanten, integriert Unternehmensdaten, führt mehrstufige Analysen durch und identifiziert Lieferanten zur Einbindung. Er bietet über eine webbasierte Schnittstelle Echtzeitzugriff auf Lieferantenrisiken, Finanzdaten, ESG-Daten und Informationen zum wirtschaftlich Berechtigten und verwandelt manuelle Analyseprozesse von Stunden in Sekunden.
- Integration with extensive Data Cloud covering 580 million business entities
- Potential for operational efficiency improvements by reducing analysis time from hours to seconds
- Strategic collaboration with IBM enhancing technological capabilities
- initial availability to North America market only
Insights
The launch of D&B Ask Procurement represents a significant technological advancement in the procurement analytics space. Built on IBM's watsonx platform and powered by Dun & Bradstreet's extensive Data Cloud of over 580 million entities, this AI assistant introduces powerful capabilities for real-time supplier analysis and risk assessment.
The product's key differentiators include autonomous decision-making capabilities, integration of proprietary risk scores and the ability to synthesize multiple data sources including customer-specific data. This positions DNB to capture a larger share of the growing procurement analytics market, particularly as organizations seek to streamline their supplier evaluation processes and reduce operational costs.
The North American launch with planned global expansion indicates strong potential for revenue growth. The collaboration with IBM adds credibility and technical depth to the solution, while the integration with existing D&B data assets creates a compelling competitive moat.
D&B Ask Procurement™ provides instant view into supplier insights
Connected to Dun & Bradstreet’s comprehensive business risk, financial, and firmographic data and insights, D&B Ask Procurement helps teams to query critical supplier insights, expedite analysis and reporting, and identify suppliers for engagement. Built with IBM watsonx Orchestrate and watsonx.ai technology with support from IBM Consulting, D&B Ask Procurement is an AI assistant that also leverages an agentic AI framework to provide advanced reasoning capabilities and autonomous decision making. Utilizing a conversational chat interface, users can quickly and more easily expand insights to help de-risk their supply chain, increase productivity. and ultimately reduce costs.
“D&B Ask Procurement unlocks the full depth and breadth of Dun & Bradstreet’s content for procurement professionals to be able to quickly access a 360-degree view of a company’s business relationships and make more informed decisions,” said Brian Filanowski, General Manager, Finance & Risk Solutions, Dun & Bradstreet. “We’re committed to fusing Dun & Bradstreet’s trusted data and analytics with the Gen AI capabilities of IBM watsonx Orchestrate to power solutions like D&B Ask Procurement that deliver meaningful competitive advantages to our customer’s businesses.”
Key capabilities of D&B Ask Procurement include:
- Critical Supplier Insights: Powered by Dun & Bradstreet’s Data Cloud, containing over 580 million public and private entities around the globe, D&B Ask Procurement answers questions concerning existing or potential supplier risks, financials, ESG, beneficial ownership, legal filings and events, and more. The assistant also leverages proprietary predictive risk scores and analytics on suppliers’ business and financial health.
- Company Data Integration: In addition to Dun & Bradstreet data, organizations can incorporate their own data and insights, such as spend and purchase order history, into D&B Ask Procurement based on their own involvement with suppliers.
- Multi-step Analysis & Reporting: D&B Ask Procurement can easily calculate analysis reports by synthesizing numerous data outputs, generates risk summaries based on key findings, and compares suppliers’ attributes, transforming previous manual analysis processes from hours to seconds.
- Identify Suppliers for Engagement: D&B Ask Procurement quickly builds comparisons of multiple suppliers to help organizations make the most optimal selections. It also identifies suppliers in an organization’s portfolio that require outreach and helps to eliminate lengthy research during routine evaluations.
- Easy Accessibility: D&B Ask Procurement is easily accessible via a web-based application, helping to deliver real-time answers when and where needed.
“One key point of entry for Gen AI adoption is AI assistants, and together IBM and Dun & Bradstreet are collaborating to bring clients new innovations within the procurement domain,” said Parul Mishra, Vice President of Product Management, Digital Labor at IBM. “With D&B Ask Procurement, an AI assistant built on the foundation of watsonx Orchestrate, users can seamlessly complete tasks and automate complex processes with natural language, helping drive efficiency, cost-savings and higher productivity.”
This announcement is an outcome of the strategic collaboration between Dun & Bradstreet and IBM, combining IBM’s AI and data platform and consulting services with Dun & Bradstreet’s supply chain expertise and vast sets of trusted data to help organizations responsibly expand their use of generative AI. Leveraging IBM watsonx Orchestrate and watsonx.ai can help enterprises simplify how they build scalable AI assistants and agents, integrate existing workflows, and simplify complex processes across the business.
D&B Ask Procurement aligns with the responsible data and AI principles that guide Dun & Bradstreet’s development of data and AI-fueled solutions, continuing the company’s journey in providing AI solutions businesses need to efficiently access comprehensive data and analytics. D&B Ask Procurement comes on the heels of another recently launched advanced Gen AI assistant, ChatD&B™, which answers questions posed on a commercial entity within seconds, using Dun & Bradstreet’s validated and timely data to deliver relevant and accurate output.
D&B Ask Procurement is now available in
About Dun & Bradstreet
Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk, and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For more information on Dun & Bradstreet, please visit www.dnb.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241119303322/en/
Media
Ginny Walthour
904-528-1506
walthourg@dnb.com
Source: Dun & Bradstreet
FAQ
What is D&B Ask Procurement and when was it launched by DNB?
How many business entities does DNB's Data Cloud cover for procurement analysis?
What technology powers DNB's new procurement AI assistant?
Where is DNB's D&B Ask Procurement currently available?
