Transforming Knowledge Management: Elastic & LG CNS Partnership
Transforming Knowledge Management with Elastic and LG CNS
In an era where information is essential for decision-making and operational efficiency, Elastic (NYSE: ESTC), recognized as a leading Search AI company, has forged a valuable partnership with LG CNS, a pioneer in digital transformation. This collaboration aims to revolutionize knowledge management services globally through state-of-the-art generative AI (GenAI) capabilities.
Understanding the KeyLook AI System
At the heart of LG CNS's initiative is their innovative KeyLook AI search algorithm. This advanced retrieval augmented generation (RAG) system developed by the company's in-house AI Center has integrated Elasticsearch, significantly enhancing its search capabilities. Thanks to this integration, the system boasts a remarkable 95% search relevance rate while slashing data retrieval times by over 50%, greatly impacting user experience.
Searching Made Smarter
To foster a seamless digital transformation and provide comprehensive consulting and operational services, LG CNS recognized the necessity to refine their KeyLook AI's overall search functionality. The objective was to ensure that applications could navigate through diverse search domains and languages effectively. The shift from a conventional keyword-based search system to a context-based vector search was imperative for enhancing search relevancy and understanding user intent more accurately.
Why Vector Search is a Game Changer
The adoption of Elasticsearch has allowed LG CNS to overcome the restrictions of their previous search models. By employing vector search capabilities, LG CNS has significantly improved search accuracy, achieving an outstanding 95% relevance rate. As Yohan Chin, Vice President and head of the AI Center at LG CNS, aptly stated, “With vector search capabilities, Elasticsearch allows for contextually accurate, multi-lingual searches, enhancing the accessibility and usability of corporate knowledge more effectively and efficiently.”
Speed and Efficiency in Data Retrieval
This partnership is not merely about improving search quality but also about boosting the speed of information access. With enhancements in memory management and the scalable architecture offered by Elasticsearch, LG CNS has more than halved the time taken to retrieve information from vast datasets. This upgrade translates into increased productivity for LG CNS employees.
Enhancing User Engagement with GenAI
The KeyLook AI algorithm operates by integrating GenAI models, enabling it to efficiently encode corporate data into Elasticsearch. As users pose queries on a search interface, KeyLook AI identifies relevant documents and relays them to a large language model (LLM) for processing. The LLM then compiles user-friendly responses, ensuring that information is not only accessible but presented in an easily understandable format.
This innovative approach also allows LG CNS to maintain the governance of its proprietary data while leveraging RAG applications, highlighting the synergy between the capabilities of Elastic’s Search AI technology and LG CNS's advanced AI solutions.
The Future of Knowledge Management
Matthew Day, general manager and vice president for APJ & EMEA at Elastic, emphasized the significance of GenAI in modern knowledge management, stating, “Gen-AI powered conversational queries are a powerful tool for next-generation knowledge management, helping to deliver the productivity, efficiency, and user experience customers expect.” This collaborative venture is set to unlock new innovations, optimizing the key services offered by both companies.
About Elastic
Elastic (NYSE: ESTC) stands at the forefront of the Search AI domain, dedicated to providing cutting-edge solutions that allow businesses to access and utilize their data effectively and at scale. Built on the Elastic Search AI Platform, Elastic’s services encompass search, observability, and security, making it a trusted platform for businesses worldwide, including over 50% of Fortune 500 companies. For those interested in further insights about Elastic, details are available on their [official website](https://www.elastic.co).
Frequently Asked Questions
What is the main goal of the Elastic and LG CNS partnership?
The partnership aims to enhance global knowledge management services through advanced generative AI search capabilities.
How does the KeyLook AI system improve search accuracy?
By using a context-based vector search approach and incorporating Elasticsearch, the KeyLook AI system achieves a 95% relevance rate in search results.
What benefits have LG CNS employees experienced?
Employees benefit from quicker data retrieval times and improved access to high-quality, relevant information through the enhanced KeyLook AI algorithm.
How does the KeyLook AI algorithm utilize GenAI?
It encodes corporate data, enabling a large language model to provide accurate and user-friendly answers to user queries.
Why is the collaboration between Elastic and LG CNS significant?
It represents a significant step towards leveraging AI advancements that improve knowledge management, ensuring better productivity and user experience.
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