Visier, a global leader in people analytics and workforce solutions, has announced key highlights from the second quarter of its fiscal year ending July 31, 2024. The quarter was marked by breakthrough financial performance and the significant impact of Visier’s Open for Builders initiative, which is driving innovation in the use of people data to address critical workforce and business challenges.
- Business Momentum:
- Record Growth:
- Highest gross revenue retention (GRR) and new bookings growth in Visier’s 14-year history, signaling strong business momentum despite economic challenges.
- New Partnerships:
- Launched embedded partnerships with SmartRecruiters and The Access Group, expanding Visier’s reach to thousands of new customers and tens of thousands of new users.
- Vee and Visier People Extend:
- Rapid adoption of Vee, Visier’s generative AI digital assistant, and Visier People Extend, enabling third-party customization and innovation on Visier’s People Data Platform.
- Record Growth:
- Product Momentum:
- Open for Builders Initiative:
- Launched to catalyze broad innovation with people analytics and AI, providing data, tooling, and resources to drive a groundswell of creativity and practical applications.
- Customer Success Stories:
- Enterprise customers using Visier’s platform to solve domain-specific workforce challenges that directly impact business performance, such as increasing surgical capacity and improving retail revenues.
- Open for Builders Initiative:
- Visier’s Embedded Business:
- Strategic Partnerships:
- Partnerships with SmartRecruiters, The Access Group, and Mesh.ai, leveraging Visier’s People Data Platform to deliver advanced analytics and AI capabilities to their customers.
- Vee for Partners:
- Expanded use of Visier’s generative AI, allowing partners like Paycor to integrate these capabilities into their own applications, reaching millions of users globally.
- Strategic Partnerships:
- Recognition and Achievements:
- AI Breakthrough Award:
- Vee was recognized as the Best AI-based Solution for Human Resources in 2024 by the AI Breakthrough Awards.
- Microsoft Case Study:
- Visier was featured in a Microsoft customer case study, highlighting its use of Azure AI infrastructure for workforce analytics.
- Partnership with The Josh Bersin Company:
- Visier’s workforce benchmark data is now available to corporate members of The Josh Bersin Company, enriching their human capital insights.
- AI Breakthrough Award:
- Market-Moving Insights:
- AI Tools for Managers:
- Visier’s research found that 87% of people managers want AI tools to simplify their jobs, underscoring the value of AI in leadership roles.
- Monthly Resignation Report:
- Based on over 23 million anonymized employee records, providing an advanced view of employee resignation trends ahead of traditional data sources.
- AI Tools for Managers:
Visier’s Q2 2024 achievements highlight its role as a leader in people analytics, driving innovation through AI and data-driven solutions. With record growth, strategic partnerships, and the success of the Open for Builders initiative, Visier is well-positioned to continue transforming workforce management and delivering impactful business outcomes.
