Source
The search multiplier: Driving revenue, productivity, and AI at scale
An IDC study of 11 large enterprises reveals that the Elasticsearch Platform provides significant financial and operational benefits for AI-powered search. The research focuses on how integrating search and AI infrastructure accelerates the delivery of AI products.
Why it matters
Businesses can launch AI tools like customer service chatbots or fraud detection 40% faster, reducing time to market. This efficiency saves employees an average of 150 hours per year through more accurate internal search.
The details
- Organizations saw $13.4 million in annual benefits and a 517% three-year ROI.
- Search relevance improved by 44%, providing more dependable answers on first attempts.
- Development team productivity increased by 27% when deploying AI use cases.
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In this article
Key connections
Elastic owns Elasticsearch Platform
Elastic develops and provides the Elasticsearch Platform.
Jina AI owns Jina AI Models
Jina AI develops Jina AI search and embedding models.
IDC is related to Elasticsearch Platform
IDC conducted an independent business value study analyzing the impact of the Elasticsearch Platform.
Elasticsearch Platform uses Jina AI Models
The Elasticsearch Platform integrates Jina AI models into its unified search stack.
Elasticsearch Platform uses Vector Search
The Elasticsearch Platform incorporates vector search capabilities.
Elasticsearch Platform uses Hybrid Search
The Elasticsearch Platform incorporates hybrid search capabilities.
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Elasticsearch Platform uses Semantic Search
The Elasticsearch Platform incorporates semantic search capabilities.
Elasticsearch Platform uses Retrieval-Augmented Generation
The Elasticsearch Platform features integrated retrieval augmented generation capabilities.
Elasticsearch Platform is related to Generative AI
The Elasticsearch Platform serves as search and retrieval infrastructure for generative AI use cases.
Elasticsearch Platform is related to Agentic AI
The Elasticsearch Platform enables agentic workflows by grounding responses in indexed data.
Related events
IDC Business Value Study Demonstrates 517% ROI and $13.4M Annual Benefits for Elasticsearch Platform Customers
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