target audience: TECH BUYER Publication date: Oct 2023 - Document type: IDC MarketScape - Doc Document number: # US49988523
IDC MarketScape: Worldwide General-Purpose Knowledge Discovery Software 2023 Vendor Assessment
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Abstract
This IDC study represents a vendor assessment of the general-purpose knowledge discovery software market through the IDC MarketScape model. This assessment discusses both quantitative and qualitative characteristics that provide guidance about knowledge discovery software vendors and their offerings. The evaluation is based on a comprehensive and rigorous framework that assesses vendors relative to the criteria and to one another, and it highlights the factors expected to be the most influential for success in the market in both the short term and the long term.
"Over the past three to five years, IDC has been observing a fundamental shift as machine learning– and deep learning–driven advances in AI have made their way into most commercial search systems," said Hayley Sutherland, research manager, Knowledge Discovery and Conversational AI at IDC. "While the search market was somewhat stagnant for some time, advances in AI have resulted in significant improvements that are providing many organizations with competitive advantage. Any business that has not yet upgraded to AI-powered search and knowledge discovery risks falling behind."