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Why Insight Engines Matter in 2020 and Beyond

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Why Insight Engines Matter in 2020 and Beyond

  1. 1. 1 Why Insight Engines Matter in 2020 and Beyond Presenter: Justin Sears, VP Product Marketing, Lucidworks
  2. 2. 2 Agenda • The Insight Engine Market • Results of 2019 Gartner Magic Quadrant for Insight Engines • Deep Dive Into 2019 Gartner Critical Capabilities for Insight Engines, for these Use Cases: – External (Website) Search – Extraction of Data for Analytics – Insight Applications – Internal (Intranet) Search • Example Insight Engine Case Studies • Q & A
  3. 3. 3 2019 Gartner Magic Quadrant for Insight Engines R E S U LT S O V E R V I E W
  4. 4. 4 “…agile organizations insist on full transparency of information, so that every team can quickly and easily access the information they need...” M C K I N S E Y | J A N 2 0 1 8
  5. 5. 5 “Organizations possess lots of data... siloed inside disconnected applications, and unavailable to employees at their moments of need.” F O R R E S T E R | J U L 2 0 1 8
  6. 6. 66 G a r t n e r M a g i c Q u a d r a n t f o r I n s i g h t E n g i n e s | 2 0 1 9 S t e p h e n E m m o t t , S a n i y e A l a y b e y i , A n t h o n y M u l l e n | S e p t e m b e r 1 7 , 2 0 1 9 “Insight engines combine search with AI to deliver actionable insights derived from the full spectrum of content and data sourced within and external to the enterprise.”
  7. 7. 77 50% BY 2020 Share of analytical queries that will be generated via search, natural language processing or voice, or will be automatically generated
  8. 8. 88 LUCIDWO R KS NA ME D THE ONLY VISIONARY • A r c h i t e c t e d o n m a j o r o p e n - s o u r c e p r o j e c t s • O n e o f t h e m o s t f l e x i b l e s e t s o f d e p l o y m e n t o p t i o n s • E n a b l e s t h i r d p a r t i e s t o t r a i n l e a r n i n g - t o - r a n k m o d e l s • U s e s a n u m b e r o f a p p r o a c h e s t o e v a l u a t e a n d t u n e r e l e v a n c e • H i g h c u s t o m e r s a t i s f a c t i o n f o r a b i l i t y t o e v a l u a t e a n d t u n e r e l e v a n c e
  9. 9. 9 Insight Engines Critical Capabilities D E E P D I V E I N T O L U C I D W O R K S R E S U LT S I N T H E F O U R U S E C A S E S
  10. 10. 10 Gartner Critical Capabilities for Insight Engines 2019 First in three Use Cases, second in the fourth External (Website) Search Extraction of Data for Analytics Insight Applications Internal (Intranet) Search #1 #1 #1 #2
  11. 11. 11 F US IO N HIGHEST S CO R ING FO R ( E X TE R NA L) W E BS ITE S EA RCH S i t e s e a r c h w i t h i n a n d a c r o s s t h e e n t e r p r i s e ’s p u b l i c - f a c i n g a n d m u l t i c h a n n e l d i g i t a l p r e s e n c e
  12. 12. 1212 F US IO N HIGHEST S CO R ING FO R E X TR AC TIO N O F DATA FO R A NA LYTICS D e r i v i n g d a t a f r o m i n d e x e d c o n t e n t f o r t h e p u r p o s e s o f a n a l y s i s a n d r e p o r t i n g , e i t h e r w i t h i n t h e i n s i g h t e n g i n e o r v i a s y n d i c a t i o n t o o t h e r a p p l i c a t i o n s
  13. 13. 13 F US IO N HIGHEST S CO R ING FO R INS IGHT A PPLICATIO NS D e l i v e r y o f i n s i g h t t o d i g i t a l w o r k e r s w i t h i n t h e c o n t e x t o f c u s t o m - m a d e o r t h i r d - p a r t y a p p l i c a t i o n s
  14. 14. 1414 F US IO N S CO R E D HIGHLY FOR INTE RNAL ( INTRANE T) S EA RCH E n t e r p r i s e - w i d e s e a r c h w i t h i n t h e d i g i t a l w o r k p l a c e
  15. 15. 15 Download Either Report For Yourself Magic Quadrant Download: lucidworks.com/ppc/gartner-magic-quadrant-2019/ Critical Capabilities Download: lucidworks.com/ppc/gartner-critical-capabilties-2019/
  16. 16. 16 Customer Case Studies I N S I G H T E N G I N E S AT W O R K F O R C U S T O M E R S A N D E M P L O Y E E S
  17. 17. 1717 CASE STUDY RELATED TO INSIGHT APPLICATIONS Better customer support Putting the right information in front of customers in fewer clicks Improved support calls Shorter wait times, and a more engaged support Reinvestment of savings 200% Increase in CTR 50K Fewer Support Tickets 91% Reduction in TCO
  18. 18. 1818 A n d r e w H e c o x | M a n a g e r , S o f t w a r e E n g i n e e r i n g | R e d H a t “With our initial success using Solr and Lucidworks, we’re moving all our search applications to Fusion. Our recommendation engine was originally built on Lucene. Lucidworks Fusion provided the UI, security, and support we needed to make the move to Solr while minimizing our dependency on IT resources.”
  19. 19. 1919 CASE STUDY RELATED TO EXTERNAL (WEBSITE) SEARCH Reddit uses Fusion for its site search: 47M daily searches 3M daily comments 58M daily votes >230 monthly unique users 47M Daily Searches 99.9% Uptime 85% Reduction in Infrastructure
  20. 20. 2020 N i c k C a l d w e l l | V P O f E n g i n e e r i n g | R e d d i t “You can count the number of search errors we get on one hand. We index more content, and we index it faster. And you’re able to actually find things, and find them more quickly.”
  21. 21. 2121 QUESTIONS ?
  22. 22. 22 THANK YOU

Editor's Notes

  • SCRIPT:
    McKinsey tells us that agile organizations insist on full transparency of information.

    [Click]


    REFERENCES:
    McKinsey Quote from The five trademarks of agile organizations: “Working in rapid cycles requires that agile organizations insist on full transparency of information, so that every team can quickly and easily access the information they need and share information with others. For example, people across the unit can access unfiltered data on its products, customers, and finances. People can easily find and collaborate with others in the organization that have relevant knowledge or similar interests, openly sharing ideas and the results of their work. This also requires team members to be open and transparent with one another; only then can the organization create an environment of psychological safety where all issues can be raised and discussed and where everyone has a voice.” | McKinsey, January 2018: https://www.mckinsey.com/business-functions/organization/our-insights/the-five-trademarks-of-agile-organizations
  • SCRIPT:
    And yet, according to Forrester, data silos are keeping information from employees at their moments of need.


    REFERENCES:
    Forrester quote from The Future Of Work: Intelligent Machines Whispering To Your Employees: “Organizations possess lots of data and more than a few algorithms, but all too often these assets are inaccessible to employees — stuck inside legacy systems, siloed inside disconnected applications, and unavailable to employees at their moments of need. Data that's hard to summon, out of date due to version control problems, or inconsistent with data found in other applications creates an insight gap.” | Forrester, July 2018: https://www.bizjournals.com/losangeles/prnewswire/press_releases/California/2018/09/19/SF11783
  • Lucidworks is the only Visionary in this report. Here are some of the things we are most proud of:

    Architected on major open-source projects
    one of the most flexible sets of deployment options
    enables third parties to train learning-to-rank models
    uses a number of approaches to evaluate and tune relevance
    High customer satisfaction for ability to evaluate and tune relevance
  • SCRIPT:
    The open source Linux pioneer, Red Hat, uses Lucidworks for customer support.

    They’ve doubled their click-through rate, avoided about 50,000 support tickets and reduced their TCO by 91%, compared to their previous self-service portal.

    REFERENCES:
    Case Study: “How Red Hat Cut Costs and Improved Relevancy with Lucidworks Fusion” | http://programs.lucidworks.com/rs/579-JML-927/images/Lucidworks_Red_Hat_Case_Study.pdf
  • SCRIPT:
    According to Alexa’s May 2019 rankings, Reddit was the world’s 15th most visited website.

    They process 47 million searches every day on Lucidworks Fusion.

    More than 330 million users use Lucidworks search every month to find content.

    They’ve reduced their search-related IT infrastructure by 85%, compared to the prior solution.

    REFERENCES:
    TechCrunch Article: “Reddit teams with Lucidworks to build new search framework” | https://techcrunch.com/2017/09/07/reddit-builds-brand-new-search-framework-with-lucidworks/
    Lucidworks Case Study: https://lucidworks.com/2017/09/07/reddit-lucidworks-fusion/
    Lucidworks Case Study: https://programs.lucidworks.com/rs/579-JML-927/images/Lucidworks_Reddit_Case_Study.pdf
  • SCRIPT:
    Despite that huge search volume, search errors are rare.

    Nick Caldwell, Reddit’s VP of Egnineering, told us:

    “You can count the number of search errors we get on one hand.

    We index more content, and we index it faster.

    And you’re able to actually find things, and find them more quickly.”

    REFERENCES:
    TechCrunch Article: “Reddit teams with Lucidworks to build new search framework” | https://techcrunch.com/2017/09/07/reddit-builds-brand-new-search-framework-with-lucidworks/
    Lucidworks Case Study: https://lucidworks.com/2017/09/07/reddit-lucidworks-fusion/
    Lucidworks Case Study: https://programs.lucidworks.com/rs/579-JML-927/images/Lucidworks_Reddit_Case_Study.pdf

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