TECH SUPPLIER Oct 2022 - Market Note - Doc # US49754322
Algolia Acquires Search.io, Advancing Semantic Search and Discovery Capabilities
This IDC Market Note discusses Algolia's acquisition of Search.io.
"As search technology evolves into more advanced discovery technology, a key factor has been the emergence of semantic search that brings AI-powered understanding of meaning and context, going beyond simple keyword matching," said Hayley Sutherland, research manager, Knowledge Discovery at IDC. "By adding Search.io's vector-based semantic search capabilities to its existing keyword-based and AI-enhanced search technology, Algolia further advances its search engine and strengthens its position in the area of knowledge/product discovery."