16 January, 2024 – IBISWorld, the world's leading provider of industry research and analysis, is thrilled to announce the launch of Paragraph Builder, a new feature that leverages generative AI (GenAI) to offer clients unparalleled flexibility. Paragraph Builder transforms list-style industry analysis into comprehensive paragraphs, ensuring that clients have access to reliable, independent insights in the formats that work for them.
“As we lean into a new era, emerging technologies present incredible opportunities. They promise to enhance user experience, speed up value extraction, and provide tailored insights,” said IBISWorld's CEO Karen Dobie.
The introduction of Paragraph Builder marks IBISWorld's first venture into using GenAI and exemplifies the company’s dedication to innovation, commitment to client satisfaction and drive for quality and accuracy. Paragraph Builder avoids many of the common pitfalls of Large Language Models (LLMs) by rephrasing the existing analyst-verified information in IBISWorld’s industry reports, rather than producing insights from unsubstantiated outside sources.
“We recognize that these tools are only as effective as the information they can access,” Karen said. To combat the challenges of accuracy and reliability that GenAI poses, Karen explained that IBISWorld is “committed to keeping our principles at the forefront of product innovation: world-class data integrity and human insights. We take immense pride in being the trusted data provider for clients seeking information grounded in analyst-verified accuracy."
Following a successful beta testing period and highly positive responses from early users, IBISWorld has made Paragraph Builder available to its clients at no additional cost and looks forward to expanding the scope of the feature to include more of IBISWorld’s content in the near future.
For more information on Paragraph Builder, please visit the help center or contact IBISWorld.
