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What’s New this Quarter? Powerful Insights & Productivity Tools

What’s New this Quarter? Powerful Insights & Productivity Tools

Written by

IBISWorld

IBISWorld
Industry research you can trust Published 06 Sep 2024 Read time: 6

Published on

06 Sep 2024

Read time

6 minutes

Working smarter looks different to everyone, but the challenge remains the same: finding tools that truly streamline tasks without adding complexity. IBISWorld is thrilled to make the journey easier with five new enhancements that boost synergy and transform our data and insights for your workflow.

Please note that feature availability is dependent on license type. Our client relationship managers and representatives are standing by and eager to help you build the best combination of IBISWorld tools for your business. Contact us today to learn more.

Meet Phil: your personal AI economist

A new generative AI tool is now embedded in our industry reports to deliver faster answers and simplify dozens of tasks across your workflow.

Available in more than 7,000 IBISWorld reports and acting as an AI economist, you can chat to Phil to quickly locate industry statistics, draft emails and pitches, highlight the risks and opportunities across an industry, and more.

Phil can perform all sorts of commands, from simple requests, like summarizing trends across different data tables or retrieving the exact information you need, to more creative tasks, like writing social media posts.

Drawing exclusively from IBISWorld’s data and analysis, Phil responds to your requests instantly, using our world class research and human insights as the source. Backed by the power of IBISWorld’s local analysts, you can leverage the ease of generative AI without compromising on data integrity. Read more about our approach to integrating AI in our IBISWorld.AI Phil-osophy.

Phil is designed to boost research efficiency and credibility by:

  • Speeding up access to industry information
  • Re-interpreting IBISWorld’s insights for a range of deliverables
  • Drafting sales and marketing assets
  • Outlining talking points and anticipating objections
  • Identifying strategic opportunities
  • Performing basic benchmarking
  • Flagging industry warning signs

Learn more about what Phil can help you with in our article, Research to Results: 10 AI Prompts for Speeding Up Industry Analysis.

Don’t have access to this tool? Learn more about eligibility on our Help Center or inquire about Phil through your IBISWorld representative or our contact form.

API Version 3: less developer time, better performance

Thousands of users get immediate access to IBISWorld’s data and insights directly in their work platforms thanks to our API solutions. Banks, accounting firms, consultancies and media agencies alike rely on APIs to streamline information gathering, bringing data into their preferred software systems. With the launch of Version 3, this process is easier than ever.

Version 3 helps you:

  • Retrieve more granular data and analysis
  • Ensure a stable endpoint architecture with better performance
  • Access data across multiple reports with a single API call
  • Utilize new features like report rankings and filtering by criteria
  • Reduce complexity and development time

With these improvements, your IT teams hold the power to deliver more customized information using more flexible API calls. The release of Version 3 brings our API in line with best practices followed by tech giants like Meta.

For those familiar with our current API, Version 3 uses the same architectural style as Version 2, allowing your developers to review, test, and update endpoints in the same way. This ensures a seamless and productive integration process.

Establish access to our API endpoints by adding this solution to your membership. Fill out an inquiry form at the bottom of our API page, or talk to your IBISWorld representative today about subscribing or upgrading to Version 3.

If you’re currently using Version 2, don’t worry! IBISWorld will continue supporting all existing versions for the foreseeable future while you find the right time to explore Version 3’s benefits with your customer relationship manager and IT team.

At a Glance Summary: comprehensive insights in a streamlined format

Bringing in more than 150,000 views per month, the At a Glance chapter of our Industry Reports offers a concise summary of industry insights. Take those insights offline to more easily share with clients and colleagues, with an optimized PDF and intuitive formatting for both our At a Glance and Call Prep Question downloadables.

For advisors, sales teams, relationship managers and other client-facing professionals, the ability to tell the full story of an industry without missing crucial details is paramount. In our online platform, the At a Glance chapter has always been the go-to place for a quick yet insightful overview. This recent update ensures those quick insights are now available in the downloadable PDF version of the chapter, too.

Use our At a Glance Summary to: 

  • Prep for meetings with the most vital industry information in a scannable format. 
  • Guide discussions using neat and tidy notes on any industry. 
  • Present industry opportunities and pain points in a fresh and intuitive format. 

Log in now to download this handy two-page At a Glance PDF, along with industry Call Prep Questions. If you don’t yet have access to our platform, get in touch through our contact form. 

“At a Glance has been particularly useful to the Mediacom team, just a quick and easy download to help make informed decisions. It's a great supplementary tool, helping our teams stay on top of their client industries." - Brendan Bevan, Director of Consumer Research, Mediacom Marketing Agency

Co-branding capabilities: your logo on our reports

Even better than a business card! You can add your contact details and logo right on the At a Glance Summary PDF, keeping lines of communication open beyond client meetings.

Stand out from competitors with robust data from a world class research firm. This premium feature helps you integrate our data into your presentations and collateral with ease.

With co-branded industry insights you can:

  • Increase transparency into the data behind your services.
  • Strengthen follow-up emails and outreach by providing value-added information.
  • Leave a lasting impression beyond client meetings.

Ideal for sharing, this concise downloadable helps you bring credibility to the table, supplementing your services with IBISWorld’s trusted data.

Contact your IBISWorld representative to discuss adding this feature to your membership, or inquire through our contact form to start your journey with IBISWorld.

Industry Wizard update: better targeting for the US & Canada

Data analysis is often the first step of strategic decision making, informing the future execution of your next investment, lending agreement or partnership. For fans of IBISWorld’s data, the Industry Wizard has been the go-to spot for robust data analysis.

This quarter, we’ve made this premier tool even more powerful, with financial ratios and state and provincial data now available in the Industry Wizard.

Our members have long enjoyed access to the comprehensive national data within our Wizard tools, combined with the Wizard’s powerful filtering capabilities that rank and target the most relevant industries. Now, members with State and Provincial report access can go one step further, narrowing down their search using geographic filtering.

This enhancement breaks down data silos further, adding more localized data into the mix.

New capabilities include:

  • Generating industry lists for the fastest-growing industries in your state or province.
  • Learning where revenue, employment and businesses are most concentrated in select industries.
  • Understanding the outlook for certain industries on a state-by-state basis.

This release also adds 11 financial ratios from our US Industry Reports and 6 from our Canada Industry Reports. Popular liquidity, leverage and coverage ratios are included in the update.

Access this data in the Industry Wizard for:

  • Analyzing financial health across your entire portfolio or book of business.
  • Identifying creditworthy and non-creditworthy industries.
  • Tailoring industry lists to reveal only the most financially resilient opportunities.

For more information on accessing the Industry Wizard, speak to your IBISWorld representative today or fill out our contact form.

“As we continue to enhance the Wizard, we focus on the tangible challenges both our clients and our own teams face, crafting features that address real-world strategic and growth obstacles.” - Gavin Smith, CIO, IBISWorld

Final Word

As we look to the future, IBISWorld is committed to continuously innovating and enhancing our industry research. We’re excited to explore new opportunities to better serve our clients—whether through more personalized insights, sophisticated data visualization tools, or advanced predictive analytics.

If you’re eager to follow our journey and interested in keeping up with our blog, subscribe to Insider Monthly. We’ll keep you in the know on upcoming enhancements and deliver the latest business news and thought leadership straight to your inbox.

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