Technovation with Peter High (CIO, CTO, CDO, CXO Interviews) Inside Paychex’s Data Strategy: Monetizing Insight for AI, Clients, and the U.S. Economy
Nov 6, 2025
Beaumont Vance, SVP of Data and AI at Paychex, discusses transforming payroll data into invaluable economic insights that benefit businesses and the U.S. economy. He highlights how Paychex monetizes data responsibly and emphasizes the importance of statistical precision over surveys. Vance shares his experience in building an AI-ready data infrastructure and the potential of AI agents in revolutionizing knowledge management. He also explores the future of AI with augmented reality interfaces, making technology more seamless and actionable.
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Payroll Data As Economic Infrastructure
- Paychex's payroll data ties every transaction to dollars, giving it market-grade statistical precision.
- That scale and fidelity make payroll data a unique, high-value lens into the U.S. economy.
Data Used To Inform Maui Recovery
- Paychex used its data to observe local economic conditions after the Maui fires when no other data existed.
- That practical role demonstrated the data's public-good utility for government response.
Prepare Data First, Then Apply AI
- Organize and centralize data before applying AI so models can reliably read and act on it.
- Use AI to structure unorganized knowledge (calls, docs) and improve usable data dramatically.