Dun & Bradstreet announced the availability of D&B Ask Procurement, its generative artificial intelligence (Gen AI) assistant built in collaboration with IBM, that synthesizes vast datasets and provides intelligent recommendations to help procurement teams make faster data-driven decisions, mitigate risks and drive efficiencies across their supplier networks. Connected to Dun & Bradstreet's comprehensive business risk, financial, and firmographic data and insights, D&B Ask Procurements helps teams to query critical supplier insights, expedite analysis and reporting, and identify suppliers for engagement. Built with IBM w Watsonx Orchestrate and w Watsonx.ai technology with support from IBM Consulting, D&B Ask Procuredment 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. Key capabilities of D&B Ask Procuresment 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 Procureation based on their own involvement with suppliers. Multi-step Analysis & Reporting: D&B Ask Procureing 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 Procuresments 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 Procuredments is easily accessible via a web-based application, helping to deliver real-time answers when and where needed.
Leveraging IBM w Watsonx Orchestrate & w 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 Procureement 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 Procuresation 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 North America, with other markets soon to follow.