Paycor Launches New Generative AI Analytics Digital Assistant
Portfolio Pulse from Benzinga Newsdesk
Paycor HCM, Inc. (NASDAQ:PYCR) has announced the launch of its generative AI analytics digital assistant powered by Visier. The new offering is designed to provide leaders with quick and detailed insights into their workforce, enabling them to make informed business decisions. The AI assistant will be integrated into the existing Paycor Analytics platform and will be automatically activated for all of its existing U.S.-based customers in early 2024.
October 11, 2023 | 5:03 pm
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Paycor's new AI analytics digital assistant could enhance its product offering and potentially attract new customers, which may have a positive impact on its stock in the short term.
The launch of the AI analytics digital assistant represents a significant product enhancement for Paycor. This could make the company's offerings more attractive to potential customers, leading to increased sales and potentially a positive impact on the stock price. However, the actual impact will depend on the market's reception of the new product and its subsequent performance.
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