According to Leading Market Research Firm
CAMBRIDGE, England and SAN FRANCISCO, Oct. 7 /PRNewswire-FirstCall/ -- In a recently issued assessment of the search and discovery technologies market, IDC, a leading research and strategy firm, reported that Autonomy Corporation plc (LSE: A
U. or AU.L) gained the largest revenue share in the worldwide search and discovery market in 2008. The analyst firm also recognized Autonomy as the fastest growing of the leading vendors in the report with 17.6 percent growth from 2007 to 2008.
The IDC report, authored by Sue Feldman, vice president for search and discovery technologies research, titled "Worldwide Search and Discovery Software, 2009 - 2013 Forecast Update and 2008 Vendor Shares(1)" found that Autonomy increased its market share lead to 14.4% in 2008. The report also states that the search and discovery software market grew 19 percent in 2008 to $2.1 billion, which still outperformed the software market and the economy as a whole.
"(Autonomy) was unique in its early recognition that a search-based architecture, combined with content management, text analytics, archiving, records management, rich media understanding, workflow, and easy-to-use visualizations could create compelling tools to solve a broad swath of current business problems. We can no longer consider Autonomy to be a pure-play search vendor. It has diversified to become a search-based software vendor. A true picture of Autonomy's market position must include the compliance infrastructure, eDiscovery, process automation middleware, archiving, and content management software markets as well," said Feldman.
The report found that "search-based applications, built on a search backbone, but designed to facilitate a particular task and to create an integrated work environment for users, will proliferate and flourish. Because they make sense to business users, they are already popular. Search-based applications streamline knowledge work, making information workers more productive. Search-based applications embed search and discovery technologies as a component, but their selling point is that a worker can sit down and accomplish a job without having 
to move from one information source to another, or from one application to the next. Successful vendors will build intuitive applications to facilitate sales, research, loan processing, marketing, financial analysis, eDiscovery, or call centers. These full-blown applications will develop integrated work environments in which the UI design hides the complexity of multiple information sources and applications. These applications embed knowledge bases, rule bases, analytics, workflow, collaborative tools, and connectors to internal and external sources of information."
"We're really pleased to see our dominance in the search and discovery market, as recognized by IDC," said Mike Lynch, CEO of Autonomy. "This rapid growth is testament to the power of Autonomy's meaning based technologies that are revolutionizing the way organizations manage their information."
Autonomy's pan enterprise search platform, IDOL, performs conceptual and contextual analysis and probability matching on information to find the meaning within and the inter-relationships between and among disparate pieces of content. This unique approach allows global organizations to find and access the most pertinent content for business value or risk management, irrespective of languages, operating systems, and file types. By supporting more than 1,000 different data formats, including structured, semi-structured, and unstructured data, located across 400 different content repositories, Autonomy can search all categories of information repositories in an organization, enabling companies to maintain compliance with government regulations, such as the Federal Rules of Civil Procedure (FRCP). IDOL is fault-tolerant using load balancing and mirroring, highly scalable, secure, and has sub-second performance on billions of files.
About Autonomy
Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, spearheads the Meaning Based Computing movement. It was recently ranked by IDC as the clear leader in enterprise search revenues, with market share nearly double that of its nearest competitor. Autonomy's technology allows computers to harness the full richness of human information, forming a conceptual and contextual understanding of any piece of electronic data, including unstructured information, such as text, email, web pages, voice, or video. Autonomy's software powers the full spectrum of mission-critical enterprise applications including pan-enterprise search, customer interaction solutions, information governance, end-to-end eDiscovery, records management, archiving, business process management, web content management, web optimization, rich media management and video and audio analysis.
Autonomy's customer base is comprised of more than 20,000 global companies, law firms and federal agencies including: AOL, BAE Systems, BBC, Bloomberg, Boeing, Citigroup, Coca Cola, Daimler AG, Deutsche Bank, DLA Piper, Ericsson, FedEx, Ford, GlaxoSmithKline, Lloyds TSB, NASA, Nestle, the New York Stock Exchange, Reuters, Shell, Tesco, T-Mobile, the U.S. Department of Energy, the U.S. Department of Homeland Security and the U.S. Securities and Exchange Commission. More than 400 companies OEM Autonomy technology, including Symantec, Citrix, HP, Novell, Oracle, Sybase and TIBCO. The company has offices worldwide.
Please visit www.autonomy.com to find out more.
Other News Releases in Surveys, Polls and Research
Despite the Recession, 94 Percent of Enterprises Continue to Invest in Online Communities and Social Media
New Study
from Deloitte, Beeline Labs and the Society for New Communications Research Indicates Organizations Are Not Tapping Social Media's Full PotentialNEW YORK, Oct. 7 /PRNewswire/ -- A second annual survey of companies sponsoring online communities shows signs of increasing maturation as enterprises continue to invest in social media tools and online communities. According to the survey, conducted by Deloitte, Beeline Labs and the Society for New Communications Research, 94 percent of the respondents indicated that they plan to maintain or increase investment in their communities, while only 6 percent plan to decrease investment. However, while enterprises are effectively using these tools to engage with customers, partners and employees for brand discussions and idea generation, the survey also indicates that organizations continue to struggle with how to harness social media's full potential.
The "2009 Tribalization of Business Survey" evaluates the perceived potential of online communities and identifies how enterprises believe they may better leverage them. The survey measured the responses of more than 400 companies, including Fortune 100 organizations, which have created and maintain online communities today. The communities ranged from fewer than 100 members to more than one million members.
"Despite risks associated with participating in online communities, the internal costs of community formation and management and the fact that we are in the midst of a profound recession, organizations' continued and enhanced investment in online communities underscores the perceived potential for the value that they may provide to the enterprise," said Ed Moran, director of product innovation, Deloitte Services LP. "Social media and communities are expected to continue to play a significant role in the way in which companies are interacting with employees, customers, partners and the larger business ecosystem, thereby redefining the very edge of the corporation."
Of the companies surveyed, a majority agreed that increasing word-of-mouth (38 percent), customer loyalty (34 percent) and brand awareness (30 percent) continue to be the top business objectives of online communities, followed by idea generation (29 percent) and improved customer support quality (23 percent). However, in the majority of companies surveyed, marketing continues to be the primary driver of online communities, resulting in a significant gap between community goals and organizations' capability to fully leverage these communities on an enterprise wide basis.
Market Shows Signs of Maturation
Several data points indicate continued maturation of the enterprise's use of communities and social media. For instance, this year's survey pointed to an evolution in the way in which companies are tracking and engaging with both active and inactive members. While the number of active users and their level of participation have been considered the top measures of success for an online community, this year survey respondents are paying close attention to non-active users or "lurkers" -- people who observe the community, but don't participate in the discussion. More than 32 percent of respondents are capturing data on how these individuals derive value from the community.
Additionally, 20 percent of survey respondents have set up formal "ambassador" programs, which give outsiders preferential treatment in return for being more active in the community. Almost 40 percent of the survey respondents also indicated that more full-time people are being deployed to manage the communities.
"While we are seeing signs of maturation in this year's study, there are still plenty of companies who do not realize the power of communities, and others who have not yet figured out the proper approach for leveraging communities as part of their business," said Francois Gossieaux, partner with Beeline Labs and a senior fellow with the Society of New Communications Research. "Businesses are truly become social again, and companies should look to leverage the collective wisdom of their employees, customers and partners in order to innovate faster, reduce costs, and bolster their bottom lines."
Rethinking Community Success
According to the survey, the biggest obstacles to creating a successful community -- getting people to join (24 percent), stay engaged (30 percent) and keep returning (21 percent) -- can be easily remedied through partnering and new management practices. The study indicates that very few companies, however, are taking the steps necessary to overcome these challenges.
While 58 pe
rcent of respondents evaluated partnering with existing communities, complementary vendors, or end users when developing their community, 55 percent of the companies that evaluated a partnership did not actually partner.
Furthermore, the survey also revealed significant gaps between community goals (such as generating word of mouth, customer loyalty and brand awareness) and how success is being measured. The top two analytics for measuring success are the number of active users (34 percent) and how often people post/comment (32 percent), indicating that participation is still considered to be the biggest measure of success. Potentially more useful analytics, however, such as increase in search engine rank and citations/links on other sites, are less often utilized, highlighting a mismatch between the desired outcome and how that outcome is measured.
please visit: www.deloitte.com/us/2009tribalizationstudy.
