Algolia Named a Leader in IDC MarketScape for Worldwide General-Purpose Knowledge Discovery Software 2023
After evaluating Algolia's strategies & capabilities, IDC has positioned the company in the Leaders category in this 2023 IDC MarketScape for worldwide general-purpose knowledge discovery software.
For years, companies continued to lose revenue from impacts like inaccurate search results or customers being unable to find similar or related products.
Over the past three to five years, however, IDC has been observing a fundamental shift as machine learning (ML)– and deep learning–driven advances in AI have made their way into commercial search systems. Capabilities such as auto-tagging of content, auto-building of knowledge models, enhanced document understanding, and vector search have helped improve key measures of the accuracy and completeness of search, thus becoming a must to offer an optimal search and discovery experience.
After a thorough evaluation of Algolia's strategies and capabilities, IDC has positioned the company in the Leaders category in this 2023 IDC MarketScape for worldwide general-purpose knowledge discovery software.