Algolia Named a Leader in 2024 Gartner® Magic Quadrant™ for Search and Product Discovery
May 20 2024 - 8:00AM
Business Wire
Algolia positioned furthest in Completeness of
Vision among 18 vendors evaluated in the report
Algolia, the world’s only end-to-end AI Search solution –
helping businesses and developers understand their online users and
showing them exactly what they need, today announced it was named a
Leader in the inaugural 2024 Gartner® Magic Quadrant™ for Search
and Product Discovery.
Algolia is the one-stop shop for AI search and works by feeding
an array of signals into multiple AI models that understand user
intent and surface personalized results that meet business needs.
The company uses this deep understanding to create exceptional
customer experiences, and to drive revenue growth for
customers.
According to Gartner, “buyers of S&PD (Search and Product
Discovery) products are looking to use these platforms to deliver
and support a unique, compelling and consistent CX across many
channels.”
Gartner Magic Quadrant gives enterprise technology shoppers an
unbiased assessment of how well competing providers are performing
against Gartner’s market view and is supplemented by validated user
reviews.
Bernadette Nixon, Chief Executive Officer, Algolia, expressed
her excitement about the Gartner report: “In our opinion, to be
recognized as a Magic Quadrant Leader is a testament to Algolia's
unyielding commitment to innovation and unmatched experience. We
believe our AI Search's ability to decipher consumer intent ushers
in a new era of relevance and personalization, setting the stage
for unparalleled speed and scale, and nurturing enduring customer
loyalty. We’re extremely proud that our AI platform is trusted by
some of the world’s most admired companies to achieve successful
results in digital commerce.”
Gartner noted in their report that [1], “Leaders demonstrate the
ability to provide a depth and breadth of functionality. They
deliver capabilities across multiple industries and business models
that can scale up to support large search volumes. They provide
sales and support services both directly and through an ecosystem
of application, service and integration partners. They innovate,
typically by means of technology updates, new products and product
functionality, investments inside and outside core S&PD, and
programs that improve customers’ ability to succeed. Leaders also
have financial, technical and organizational viability, and
consistently feature in Gartner clients’ evaluations of vendors.
They often set the competitive benchmark against which other
vendors measure themselves.”
From Algolia's perspective, at the core of its positioning lies
its unwavering dedication to empowering seamless digital commerce
solutions. Harnessing the boundless potential of generative AI,
Algolia propels the evolution of conversational search interfaces,
reshaping the landscape of digital commerce interactions.
In its opinion, Algolia's journey to leadership is underpinned
by its unwavering commitment to three foundational pillars:
- Speed: With results returned in a staggering 1 to 20
milliseconds, Algolia's AI search eclipses industry standards by up
to 200-fold, setting a new benchmark for user satisfaction and ROI
optimization.
- Ease of Use: Empowering rapid implementation and effortless
integration, Algolia's APIs catalyze swift go-to-market strategies.
Augmented by SDKs and a robust code library, the platform
streamlines development while offering unparalleled analytics
capabilities, ensuring every interaction is finely tuned to
perfection.
- Scale: As the preeminent hosted search engine globally, Algolia
processes a staggering 1.7 trillion searches annually for more than
17,000 customers. With an index housing over 30 billion records and
operating at an awe-inspiring 99.999% availability, Algolia
empowers enterprises to scale unprecedented heights of
user-centricity.
Algolia's indomitable spirit and relentless pursuit of
excellence continue to redefine the boundaries of possibility,
propelling the digital commerce landscape into a realm of infinite
potential. Get your copy of the report here.
To experience the power of Algolia’s technology first-hand, try
Algolia AI Search free here or request a demo.
[1] Source: Gartner, "Magic Quadrant for Search and Product
Discovery," Mike Lowndes, Aditya Vasudevan, Sandy Shen, Noam
Dorros, May 13, 2024.
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About Algolia Algolia is a leading provider of AI search
solutions, serving over 17,000 businesses and 500,000 developers
globally. Renowned for its user-friendly API-First platform and the
fastest AI search technology, Algolia is the largest hosted search
engine, trusted by businesses and developers for 1.75 trillion
searches per year. Backed by a decade of innovation, expertise, and
growth, Algolia continuously redefines the search landscape with
its commitment to user-friendly solutions, significant scalability,
and unmatched speed. Learn more: www.algolia.com.
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Audrey Surette PAN Communications for Algolia
algolia@pancomm.com