Article
28 Jun
2024

The Future of Finding Information: AI-Powered Search

AI-Powered Search is changing the way individuals are searching for information. From enhanced accurancy to cost efficiency, read on to find out more on the benefits of implementing AI-Powered Search tools.
Paula Ferreira
|
6
min read
ai-powered-search-the-future-of-finding-information

Since the boom of artificial intelligence (AI) and its numerous use cases, AI has significantly benefited various industries. Search technology has made it easier for everyday users to find what they need and for businesses to promote their goods and services. 

Generative AI has also improved the search experience, making it more efficient, accurate, and tailored to users’ needs. AI-powered search engines, in a nutshell, are designed to make the search experience much smarter and even more efficient, leveraging AI technology to deliver extremely relevant results.

Google, for example, handles 5.9 million searches per minute and is the world's largest search engine, holding 92% of search shares. Alongside the popularity of AI chatbots, Google has also recently announced the incorporation of AI technology into its search engine. 

Understanding AI-Powered Search

So, what is AI-powered search?

First, let’s inspect the difference between basic search and AI-powered search. Basic search relies on matching keywords or search terms with a certain website’s (or other relevant sources) text database. On the other hand, AI-powered search quickly delivers highly relevant search results based on user queries that may be too unstructured and complex for basic search algorithms.

AI-powered search supplements traditional search engines' limitations, which may not always deliver accurate results because they rely on basic search algorithms. AI-driven search technology leverages machine learning and natural language processing to analyse extensive datasets and improve search results over time.

By incorporating these technologies, AI-powered search engines can deliver more accurate results and offer features like automated query suggestions, personalised recommendations, and even visual search options.

Among the key AI search optimisation technologies are:

  • Machine learning (ML) algorithms: AI algorithms are pivotal in AI-powered search, as they learn from user interactions and adapt to evolving preferences and trends. This ensures that search results remain current and precise.
  • Natural language processing (NLP): NLP retrieves query content from various data sources, diving deeply into complex information to thoroughly understand it. It also identifies linguistic elements like synonyms, nuances, and relationships between words and phrases — enhancing the effectiveness of voice search and conversational search functionalities.
  • Semantic search: This search utilises natural language processing and machine learning to grasp the context and meaning of words and phrases in search queries, delivering more relevant search results.

Key Benefits of AI-Powered Search

AI search engines use rich APIs and components to effortlessly integrate content search, guided navigation, and promotions into any platform or application. These systems operate under tailored, context-aware rules that employ predictive, type-ahead functionality within milliseconds, enabling real-time delivery of relevant content suggestions.

Smart search is another term for AI-powered search, and it offers several benefits over traditional search methods. Here are a few:

Enhanced Accuracy and Relevance

AI-powered search engines significantly enhance the accuracy of search results by improving the understanding of user intent and providing contextual precision. By comprehending the context and intent behind a search query, these advanced systems deliver more accurate and relevant search outcomes.

Ease of Use

With AI search, users don’t have to search through multiple databases or platforms as the process of finding information is consolidated into one single system. Users can rely on only one AI search interface to access all the information easily and efficiently. This streamlined approach saves time and does away with the complexity associated with searching across different systems.  

Personalised User Experience

AI-powered search engines can provide personalised search results based on a user's real-time search preferences by learning from user behaviour and preferences. Features like predictive search and auto-complete, as well as voice search and its impact on user experience, contribute to this personalization.

Speed and Efficiency

AI-powered search engines operate within milliseconds to deliver search results, making them much faster and more efficient than traditional methods. 

Better Data Organization

AI-powered search engines excel at organising and categorising vast amounts of data. By leveraging machine learning algorithms and natural language processing, these systems can automatically tag, classify, and index content, leading to a more seamless and efficient search experience. This enhanced data organisation helps users navigate through extensive datasets with ease and precision.

Reduction of Human Error

With AI-powered search, the risk of human error in manual data entry and retrieval is significantly reduced. Automation and intelligent algorithms minimise the chances of errors that may occur with traditional search methods, ensuring accurate and reliable results. Biases and inconsistencies are also significantly reduced in order to deliver data-driven and objective search results.

Cost Efficiency for Businesses

The implementation of AI-powered search engines can result in significant cost savings for businesses. The automation of search processes reduces the need for human resources, saving time and money in the long run. Additionally, with faster and more accurate search results, productivity is increased, leading to further cost efficiencies. Finally, because search-related tasks can be automated, this results in streamlined operations and increased productivity — thereby driving cost savings and higher profitability.

Real-World Applications of AI-Powered Search

AI-powered search is transforming business operations across diverse industries by enhancing efficiency and user experience.

Some of these sectors include:

Finance

One major area AI search benefits the finance sector is fraud detection and prevention. AI algorithms can analyse large datasets in real-time, identifying unusual patterns and potentially fraudulent activities with high accuracy. Additionally, AI search capabilities improve risk assessment processes by rapidly analysing financial data, market trends, and economic indicators, helping financial analysts make informed decisions.

Healthcare

AI-powered search also has significant applications in the healthcare industry. Medical professionals can use AI-powered search engines to quickly and accurately search through vast amounts of medical data, making diagnoses and treatment plans more efficient and effective. Additionally, AI-powered tools can assist with medical research, analysing large datasets to identify patterns and potential treatments for diseases.

Education

In the education sector, AI-powered search engines can help teachers and students access relevant and accurate information quickly. With the vast amount of educational resources available online, AI-powered search can filter through them to provide tailored results based on the user's learning goals and preferences. This technology also has the potential for use in automated grading systems, saving educators time while providing valuable insights into student performance.

MyContentScout 

The Virtual Forge has developed an AI-Powered Search tool that can benefit any company, in any industry, to find answers from their organisation’s information & data in a one stop experience. 

Employees spend on average 1.8 hours a day, or 9.3 hours a week, searching for and gathering information to complete their daily tasks - summing up to occupy 23% of their working hours. If we zoom out to consider these numbers from an enterprise point of view regarding costs, a company employing 1,000 workers will waste $48k per week, or $2.5 million per year, due to an inability to locate and retrieve information among employees. 

MyContentScout is the latest in AI and search technology that can revolutionise the way employees find what they need, when they need it — from your own organisation's content. By simply asking MyContentScout questions, it will search through your organisation's digital content, including documents, images, videos, audio, and Power BI dashboards, and promptly retrieve the exact answers and insights individuals are looking for.

MyContentScout empowers employees to work smarter and more efficiently, providing them with the knowledge they need to boost their proficiency, autonomy, and productivity. Overall, this leads to increased satisfaction and time savings. 

The Future of AI-Powered Search

Emerging trends and innovations in technology are driving significant advancements in AI, which are set to revolutionise search technology. The integration of AI with augmented reality (AR) and virtual reality (VR) is particularly promising, offering new ways to interact with and retrieve information. 

The future of AI-powered search is poised to transform various industries, enhancing efficiency and user experience. These advancements also carry potential societal and economic impacts, as they could redefine how we access and utilise information in our daily lives and professional environments.

Conclusion

AI-powered search offers numerous benefits and plays a crucial role in modern technology, significantly enhancing accuracy and efficiency. The transformative potential of AI in shaping the future of search technology is immense, promising more personalised and intuitive results. As AI continues to evolve, so too will its search capabilities, making it a continually advancing field with endless possibilities.

FAQS

What is AI-powered search?

AI-powered search utilises artificial intelligence to enhance the accuracy and relevance of search results by understanding user intent and context.

How does AI improve traditional search methods?

AI can process vast amounts of data quickly, identifying patterns and connections that human programmers may miss. This allows for more precise results tailored to the user's needs.

Additionally, AI can learn and adapt based on user behaviour, further improving search accuracy.

How will AR and VR impact AI-powered search?

The integration of AR and VR with AI has the potential to create more immersive and interactive search experiences. For example, users may be able to physically interact with virtual information in a three-dimensional space, making it easier to find and retrieve relevant data.

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