Coveo, the leading enterprise AI platform that brings AI search and GenAI to every point- of-experience, enabling remarkable personalized digital experiences that drive business outcomes, announced it has been positioned by Gartner as a Leader in the inaugural Magic Quadrant for Search and Product Discovery for its Coveo Platform offering. The evaluation was based on specific criteria that analyzed the company’s overall Completeness of Vision and Ability to Execute. “This Magic Quadrant for Search and Product Discovery is the first version of this Magic Quadrant. It replaces the Market Guide for Digital Commerce Search.”
A Gartner Magic Quadrant is a culmination of research in a specific market, giving you a wide-angle view of the relative positions of the market’s competitors.” Additionally, “By applying a graphical treatment and a uniform set of evaluation criteria, a Magic Quadrant helps you quickly ascertain how well technology providers are executing their stated visions and how well they are performing against Gartner’s market view.”
Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players, with Leaders being the providers with the highest overall completeness of vision and ability to execute. The research enables decision-makers to get the most from market analysis in alignment with their unique business and technology needs.
The Coveo Platform offers a robust suite of AI and GenAI models to deliver individualized experiences at scale, delighting shoppers while driving superior commerce business outcomes. Coveo powers remarkable product discovery journeys with predictive AI search, tailored recommendations, generative answers, and unified personalization across all customer interactions. Coveo uniquely orchestrates multiple AI models which can be layered together and provides merchandisers with the power to manage the models and tailor experiences according to their business needs. Last year, Coveo launched Relevance Generative Answering for commerce to bring conversational, advisory experiences that are grounded in a company’s expert content, product catalog and semantics.
“We are proud to be a Leader in the Gartner Magic Quadrant for Search and Product Discovery, ranking highest for Ability to Execute among the 18 companies evaluated, a recognition that we believe reflects our commitment to unrelenting product excellence, innovation, and execution,” said Simon Langevin, VP of Commerce Product at Coveo. “As new technologies emerge and customer expectations rise, we believe this report not only validates our vision, but also acknowledges the robustness of our investments and the exceptional financial value we bring to customers.”
SOURCE: PRNewsWire