target audience: TECH BUYER Publication date: Jul 2023 - Document type: IDC Perspective - Doc Document number: # AP49168123
Building Intelligent Search and Knowledge Discovery Capabilities: Considerations for Asia/Pacific Enterprises
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Abstract
This IDC Perspective examines the need for and considerations about build-and-deploy knowledge search applications. Its objective is to provide enterprise IT buyers with practical insights and guidance relating to knowledge search solutions and ways of leveraging it to deliver to a wide range of use cases across the enterprise.
"Search and knowledge discovery software can be applied to a wide range of use cases across various business processes. The demand for this capability has been further exacerbated by the popularity of types of Generative AI (GenAI) (ChatGPT) applications. As per IDC's Worldwide Software Tracker, July 2023, this software market is anticipated to grow at a compound annual growth rate (CAGR) of 39.5% over the next five years (2022–2027) in Asia/Pacific (including Japan) (APJ) in constant currency terms," says Deepika Giri, associate VP, data and AI, IDC Asia/Pacific.