{"id":384049,"date":"2020-11-18T09:03:26","date_gmt":"2020-11-18T14:03:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384049"},"modified":"2020-11-18T09:03:26","modified_gmt":"2020-11-18T14:03:26","slug":"industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\/","title":{"rendered":"Industry\u2019s First \u201cState of Search and Discovery\u201d Report Uncovers How Organizations Derive Value from Site Search"},"content":{"rendered":"<h2>\n500 business and technical leaders share insights into financial benefits, technical challenges, and best practices for site search<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">SAN FRANCISCO, Nov.  18, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LYglCF7jsODy9GyF81fVxxhg33350l-KL6DkteUEfcSq_o3BulwsQSV9nxw8Yjdn\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Algolia<\/u><\/a>, the leading Search and Discovery platform, today launched the industry\u2019s first \u201c<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_JA3sMhFu9w9UkzlnIpHWKf0RiODCWo74_UtVNWUippLy6bXuCJ-UnO2xxsog2iXtWkkgb09uXsAYwCw_ouy1QbgHGBdponWL6bWSZkc74q79WnsdyYgk66-t8SwFbCgOYgwyg_tydLLkO7CMZEEaQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>State of Search and Discov<\/u><\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zJ6c4xvcG1kRk_OJVhLrzxLy46Yf9vF5I5k3pwNVOvv66NWuFplgsw4TUGICRf_Z_3dMAcKrBlcTX1qUHFmyfXZAdjjq0g3CTpLCqFb6TZoTB1ur0_aBpyAxn1pRuTj8\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>ery<\/u><\/a>\u201d report. The findings reveal best practices for an integrated approach to site search and critical insights into what high quality site search looks like, as well as potential pitfalls behind particular search-related investments.<\/p>\n<p>Conducted by ONR, the survey polled 500 professionals with knowledge of their organization\u2019s site search strategy to help understand the current state of Search and Discovery. More than 75% of respondents worked for organizations with over 1,000 employees and greater than $200 million in annual revenue. With companies relying on search more than ever before, the report discusses factors that go into creating a successful site search experience that drives better business and financial outcomes.<\/p>\n<p>\u201cThese findings come at a critical time, as retailers adapt to the new normal and in the short term prepare for holiday season shopping,\u201d said Jason Ten-Pow, president and CEO, ONR. \u201cIn the face of both economic and health &amp; safety challenges, as consumers are increasingly turning to digital channels to find the products and answers they are looking for, a website\u2019s search tool is often the first place they go. This survey provides insights for decision makers who are looking to improve their site search capabilities in 2021 and beyond.\u201d<\/p>\n<p>\n        <strong><br \/>\n          <u>Summary of key survey findings:<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p>\n        <strong>High quality search drives financial success when optimized for consumers and business users.<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>The survey identified the top three factors that contribute to a quality search experience as:\n<ul type=\"circle\">\n<li>Fast and easy search<\/li>\n<li>Highly relevant, customized, and organized search results<\/li>\n<li>Effortless optimization for digital teams, merchandisers, and other business users to control site search with minimal reliance on the IT team<\/li>\n<\/ul>\n<\/li>\n<li>Organizations with high quality site search reported more than 4x the rate of high financial success of search. Ease of optimizing search for non-technical teams is the most strongly correlated factor.<\/li>\n<li>Consumers of high quality site search are 3.4x more likely to convert, click, subscribe, or take other actions desired by the business.<\/li>\n<\/ul>\n<p>\n        <strong>Organizations realize the value of quality site search &#8212; and are increasing their investments.<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>In 2019, 59% of organizations increased total spend on site search, with 58% reporting they invested more than $500k across technology tools and headcount.<\/li>\n<li>In the next 12 months, 79% expect site search investment to increase even more.<\/li>\n<li>Organizations that spent more than $500k and consider their search as high quality are more than twice as likely to report their investment as a success.<\/li>\n<\/ul>\n<p>\n        <strong>Companies must strategically invest in search, as extra features and more people don\u2019t always transla<\/strong><br \/>\n        <strong>te to higher financial returns.<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>While respondents reported roughly equal dollar investment for site search tools built in-house and third-party tools, success rates differed. Only 60% of organizations using site search built in-house reported average-to-high financial success, compared to almost 73% of companies that use third-party tools.<\/li>\n<li>While larger teams are more likely to see higher financial success from site search with 44% of large engineering teams with seven or more people reporting high search success overall, this number dwindles to 27% for site search built in-house.<\/li>\n<li>While third-party tools see a continued increase in success as they add search functionality, site search tools built in-house don\u2019t see higher financial returns after the first 3-4 features.<\/li>\n<\/ul>\n<p>\u201cThe findings from the \u2018State of Search and Discovery\u2019 survey show that while investment in site search does lead to success, it should be done strategically,\u201d said Ashley Stirrup, CMO, Algolia. \u201cAn integrated approach where tech and business work together leads to better financial outcomes. In the coming years, organizations must invest in high quality search that not only appeals to their customers, but serves the needs of the internal team who builds, manages, and optimizes site search based on insights into consumer behavior.\u201d<\/p>\n<p>To learn more, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_HJGlIRM5akrlN0aEHsu3MYpgyVHJLaJ7nsyEFyBs-XkkkhrjEzgEmKFKVh3Ag6C0aXYIl52ReCiOci1Rha7BCowzwwWJtm9hfEmRBLbdmrDvpP6G446tit2dlCug-oZ\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>get a full copy<\/u><\/a> of the \u201cState of Search and Discovery\u201d survey findings. Register for one of the upcoming webinars, scheduled for <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=B1E3aBQeAhhiaXIApnxjDd3wusViK8y5rZyhhwu3WFXNPfsioE0GMcXARwe59lgDu1JzoEag1wvoQqnNQir_s5avv9uCagZkF2WeuDV__X5MrUQ29OFQenQ3pUpC6QwEgkZZuw4IoIubvYa9eFtnDVvsRdOjtBBSBklMa1z8aSQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Wednesday, Dec. 9 at 11 a.m. PST \/ 2 p.m. EST<\/u><\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9xgeYdPw1sz6Q0BIZ8U7aU5hzXRn_faLpKMN8gROfvnczrap0aA3CBBfL3bhKOMRl3DRuP72jaaZSHk0Pk0TzZ49pUjm2EoUXiRnMWq9PH88Yp4hzlArAve94A3UNu-Np122_eMoUunti2s__jpt3rV8V0asNb0OFJ4oX65dd2g=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Thursday, Dec. 10 at 10 a.m. GMT \/ 11 a.m. CET<\/u><\/a>.<\/p>\n<p>\n        <strong>Helpful Links<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>Blog:\u00a0<a href=\"https:\/\/blog.algolia.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/blog.algolia.com\/<\/u><\/a><\/li>\n<li>Twitter:\u00a0<a href=\"https:\/\/twitter.com\/algolia\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/twitter.com\/algolia<\/u><\/a><\/li>\n<li>LinkedIn:\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/algolia\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/www.linkedin.com\/company\/algolia\/<\/u><\/a><\/li>\n<li>Facebook:\u00a0<a href=\"https:\/\/www.facebook.com\/algolia\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/www.facebook.com\/algolia\/<\/u><\/a><\/li>\n<li>Careers:\u00a0<a href=\"https:\/\/www.algolia.com\/careers\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/www.algolia.com\/careers<\/u><\/a><\/li>\n<\/ul>\n<p>\n        <strong>About <\/strong><br \/>\n        <strong>Algolia<\/strong><br \/>\n        <br \/>Algolia is the Search-as-a-Service platform that enables companies of all sizes to deliver fast and relevant digital experiences that drive real results. With Algolia, consumers are able to find and discover what they want easily across web, mobile and voice. Algolia allows developers and business teams to build and optimize delightful Search and Discovery experiences that increase online engagement, conversion rates and revenue. More than 9,500 companies including Under Armour, Lacoste, Birchbox, Stripe, Slack, Medium, and Zendesk rely on Algolia to manage over 95 billion search queries a month. Algolia is headquartered in San Francisco with offices in Paris, London, Tokyo, New York and Atlanta. To learn more, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wrUKenChfCAT-OizFV6SKk86hDoqK-3rjB1Lx_zspcO4sZ7M1xXv9ooejPofmTgQ8MXB6gF02OaUVjjLDQMx5g==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.algolia.com<\/u><\/a>.<\/p>\n<p>\n        <strong>Contact<\/strong><br \/>\n        <br \/>Shannon Campbell<br \/>Offleash for Algolia<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VGx768yuK1vnLAc8G0dkbkJfuSfktyFYo5XkZAEi7RtaolGlHFu5M-TRbRk_qZc-xwLbZp_-upH_Mc8H3oi41vBms-kgVSc-lbxsKiFnRZo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>algolia@offleashpr.com<\/u><\/a>\u00a0<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4ODE4NSMzODMyOTQwIzIwOTk2MDY=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/4e6ebbd5-3516-497a-bc28-96fa81ec9d36\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>500 business and technical leaders share insights into financial benefits, technical challenges, and best practices for site search SAN FRANCISCO, Nov. 18, 2020 (GLOBE NEWSWIRE) &#8212; Algolia, the leading Search and Discovery platform, today launched the industry\u2019s first \u201cState of Search and Discovery\u201d report. The findings reveal best practices for an integrated approach to site search and critical insights into what high quality site search looks like, as well as potential pitfalls behind particular search-related investments. Conducted by ONR, the survey polled 500 professionals with knowledge of their organization\u2019s site search strategy to help understand the current state of Search and Discovery. More than 75% of respondents worked for organizations with over 1,000 employees and greater than $200 million in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Industry\u2019s First \u201cState of Search and Discovery\u201d Report Uncovers How Organizations Derive Value from Site Search&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-384049","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Industry\u2019s First \u201cState of Search and Discovery\u201d Report Uncovers How Organizations Derive Value from Site Search - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industry\u2019s First \u201cState of Search and Discovery\u201d Report Uncovers How Organizations Derive Value from Site Search - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"500 business and technical leaders share insights into financial benefits, technical challenges, and best practices for site search SAN FRANCISCO, Nov. 18, 2020 (GLOBE NEWSWIRE) &#8212; Algolia, the leading Search and Discovery platform, today launched the industry\u2019s first \u201cState of Search and Discovery\u201d report. The findings reveal best practices for an integrated approach to site search and critical insights into what high quality site search looks like, as well as potential pitfalls behind particular search-related investments. Conducted by ONR, the survey polled 500 professionals with knowledge of their organization\u2019s site search strategy to help understand the current state of Search and Discovery. More than 75% of respondents worked for organizations with over 1,000 employees and greater than $200 million in &hellip; Continue reading &quot;Industry\u2019s First \u201cState of Search and Discovery\u201d Report Uncovers How Organizations Derive Value from Site Search&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-18T14:03:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4ODE4NSMzODMyOTQwIzIwOTk2MDY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Industry\u2019s First \u201cState of Search and Discovery\u201d Report Uncovers How Organizations Derive Value from Site Search\",\"datePublished\":\"2020-11-18T14:03:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\\\/\"},\"wordCount\":854,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4ODE4NSMzODMyOTQwIzIwOTk2MDY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\\\/\",\"name\":\"Industry\u2019s First \u201cState of Search and Discovery\u201d Report Uncovers How Organizations Derive Value from Site Search - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\/","og_locale":"en_US","og_type":"article","og_title":"Industry\u2019s First \u201cState of Search and Discovery\u201d Report Uncovers How Organizations Derive Value from Site Search - Market Newsdesk","og_description":"500 business and technical leaders share insights into financial benefits, technical challenges, and best practices for site search SAN FRANCISCO, Nov. 18, 2020 (GLOBE NEWSWIRE) &#8212; Algolia, the leading Search and Discovery platform, today launched the industry\u2019s first \u201cState of Search and Discovery\u201d report. The findings reveal best practices for an integrated approach to site search and critical insights into what high quality site search looks like, as well as potential pitfalls behind particular search-related investments. Conducted by ONR, the survey polled 500 professionals with knowledge of their organization\u2019s site search strategy to help understand the current state of Search and Discovery. More than 75% of respondents worked for organizations with over 1,000 employees and greater than $200 million in &hellip; Continue reading \"Industry\u2019s First \u201cState of Search and Discovery\u201d Report Uncovers How Organizations Derive Value from Site Search\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-18T14:03:26+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4ODE4NSMzODMyOTQwIzIwOTk2MDY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Industry\u2019s First \u201cState of Search and Discovery\u201d Report Uncovers How Organizations Derive Value from Site Search","datePublished":"2020-11-18T14:03:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\/"},"wordCount":854,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4ODE4NSMzODMyOTQwIzIwOTk2MDY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/industrys-first-state-of-search-and-discovery-report-uncovers-how-organizations-derive-value-from-site-search\/","name":"Industry\u2019s First \u201cState of Search and Discovery\u201d Report Uncovers How Organizations Derive Value from Site Search - 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