09 | 01 | 2022

5 Core Reasons Why You Need Reliable, Intelligent Search Functionality

Unlock the Power of Effortless Searching: Discover the Top 5 Must-Have Reasons for Investing in Reliable, Intelligent Search Functionality

Introduction

In today’s fast-paced and constantly evolving business world, having access to information at your fingertips has become an absolute necessity. As a result, investing in reliable and intelligent search functionality is no longer just a luxury but a critical component for success. By harnessing the power of artificial intelligence, organizations can revolutionize how they search for, access, and utilize information. The benefits of using an AI-powered search system are numerous, from increased efficiency and productivity to a more positive user experience. In this article, we’ll explore why now is the time for your organization to leap to an intelligent search solution and start reaping the rewards it offers.

Core Story

One of the most significant benefits of using an Intelligent Search solution powered by artificial intelligence is the time savings it provides. AI-powered search algorithms can quickly comb through vast amounts of data and deliver the most relevant results in a matter of seconds. This eliminates the need for manual searches through various databases and reduces the time spent looking for information. This newfound efficiency can free up valuable time for employees to focus on more important tasks and projects, ultimately contributing to increased productivity for the organization.

Another advantage of an AI-powered search system is the ability to always find the information needed. AI algorithms are designed to learn and adapt to the user’s search patterns and preferences. This means that over time, the system becomes better at delivering relevant results that meet the user’s needs. As a result, employees can spend less time searching for information and more time putting it to use.

Reducing duplication of work is another key benefit of using an Intelligent Search solution. AI algorithms can detect and eliminate duplicate content, ensuring that the information being used is accurate and up-to-date. This not only saves time but also helps to minimize errors and increase the accuracy of the organization’s data. By reducing the likelihood of duplicated efforts, organizations can ensure that resources are being used effectively and efficiently.

In conclusion, the benefits of using an Intelligent Search solution powered by artificial intelligence are numerous and far-reaching. From saving time to reducing duplication of work, these solutions have the power to revolutionize the way organizations access and utilize information. By investing in an AI-powered search system, organizations can streamline their processes, improve the user experience and ultimately, drive their success.

Some general statistics and facts on Intelligent Search:

According to a report by Accenture, AI has the potential to increase labour productivity by 40% and create $14 trillion in net economic benefits by 2035.
A study by the Capgemini Research Institute found that organizations using AI in their search solutions experienced a 25% increase in efficiency and a 30% improvement in decision-making.
Gartner predicts that by 2025, AI-powered search will deliver 50% of all search results and will replace traditional search methods soon.
According to a report by Forrester, 63% of organizations plan to invest in AI-powered search solutions in the next 12 months.
A survey by Salesforce found that 86% of organizations believe AI will be critical to their business’s future success.
A study by McKinsey & Company found that companies using AI in their search solutions experienced a 20% reduction in cost and a 15% increase in revenue.

These statistics and facts demonstrate the growing importance of AI-powered search in organizations and the potential for significant improvements in efficiency and profitability. By investing in these solutions, organizations can unlock the full potential of their data and drive their success in the years to come.

Transform Your Information Management: The Advantages of AI-Powered Search Solutions

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Unlock the Power of Effortless Searching: The Advantages of Reliable, Intelligent Search Functionality

Considering the overwhelming data flow in all environments, information overload is inevitable in today’s age and time. Subsequently, businesses need to understand the importance of reliable, intelligent search functionality in their Intranets, especially in project management and employee collaboration.

Suppose an employee wants to search for a company policy, but they don’t know its exact name. How long will it take the individual to find that particular document? Does your intranet have appropriate search provisions for such cases?

Awkwardly, most businesses lack reliable, intelligent search functionality. That’s why workers are taking about eight or more searches to locate the correct information – which equals 22% of their time.

Why Do You Need Reliable, Intelligent Search Functionality?

Your employees need to search for information regularly. Consequently, they spend much of their daily time looking for data.

McKinsey and IDC report showed that workers take around 1.8 hours everyday gathering and searching for information. That’s about 9.3 hours a week. Employees could use this time much more productively.

Let’s look at it from another perspective. Considering the number of hours employees take to search for information, businesses might hire five employees, but only four are working. The fifth is busy looking for information.

So, it’s evident that you need reliable, intelligent search functionality powered by Artificial Intelligence (AI), Machine Learning (ML) and Natural Language Processing (NLP) to improve Productivity in the workplace. Here are some reasons you should work on updating the search functionality.

Maximize Your Efficiency: The Benefits of Reliable, Intelligent Search Functionality for Your Organization

Streamline Your Processes: The Benefits of Investing in AI-Powered Search Solutions

1. Better, Bespoke, Precise Search Results

When employees search for precise information in vast documents, they want to find the exact information. However, if your search functionality lacks precision, the individual will get several search results instead of a singular one in a good scenario or none in the worst-case scenario.

On the other hand, AI-powered intelligent search functionality will land the searcher onto the appropriate bit of information, removing any ambiguity. Moreover, it will give precise search results, letting employees preview the exact document or information they need.

2. Saves Time

As already discussed, document searching eats up much time in the workplace. Instead, this time could be spent more fruitful and productively if the search functionality was more straightforward, dependable, and precise.

Therefore, enhancing your search functionality with innovative technologies such as AI, ML and NLP will ensure employees find what they’re looking for in the first search rather than running it eight or more times. Subsequently, they can spend all the saved time working on their projects, becoming more creative, adding value to the company and meeting deadlines more promptly.

3. Technology Saves Money

The saying ‘time is money is pretty literal in the business world.
The more time you waste, the more money you lose – inevitable. However, a European study showed that looking for information wastes money in the long run.

However, you can save all this money and improve the generated revenue with reliable search functionality.

According to an IDC study, $5,700 per employee per year. Painful, yet true, how much businesses are losing annually.

4. Search – Improves Productivity

Suppose your employees spend an hour or two of their day searching for answers and information to do their work. In that case, inevitably, they will be less productive than if they always knew at their fingertips.

Therefore, if you want to enhance Productivity in the workplace, you must address search capabilities that deliver results every time.

5. Enhances Employee Experience

It’s imperative to focus on employee experience today because many organizations find it challenging to retain the workforce. So it makes sense for an employee to feel frustrated or annoyed because they can’t find a simple piece of information.

On the other hand, your employees will have a better experience with reliable search functionality, as they can instantly find what they are searching for and enjoy that excellent User Experience (UX)

Find What You Need, When You Need It: The Importance of Reliable, Intelligent Search Functionality

How To Improve Your Search Functionality?

One of the primary reasons employees take too long to search for relevant information is the deficiency of reliable, robust search functionality.

Consequently, it’s about time you take some measures to improve this. First, introduce document fact-finding solutions based on AI and ML technology. You will be astonished at how much time and money you will save.

How is Machine Learning (ML) used in Natural Language Processing (NLP)?

Machine Learning for NLP and text analytics involves statistical techniques and patterns for identifying parts of the text’s crucial phrases, entities, sentiments, and other crucial characteristics. The methods can be expressed as a model and then applied to other text, also identified as supervised Machine Learning.

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