SAN FRANCISCO - September 5,2024 - Algolia, the world's only end-to-end AI Search solution, today announced the company was selected as a winner in the 2024 K5 Commerce Award in the search and marketing tool category. This recognition underscores Algolia's dedication to empowering businesses to elevate and modernize their search capabilities, transforming the customer journey, and optimizing conversion rates. 

The K5 Award is the leading Commerce Award in Germany, presented at the annual industry conference K5 FUTURE RETAIL in Berlin, Germany. A public voting takes place to nominate contenders in each category of the award. The short-list is then reviewed by a selected jury of C-level eCommerce experts to appoint the winner of each category.

The "Search and Marketing Tools" category honors advanced tools for search engine and marketing optimization which empower retailers to improve their online presence and use marketing resources efficiently. 

Companies are looking for innovative solutions such as AI-powered onsite search to address end-users’ increasing expectations and drive revenue. While almost every company leverages onsite search engines on their own websites and mobile apps, not everyone is aware of the potential that can be unlocked when optimizing their own algorithms. This becomes particularly crucial when considering the growth of GenAI.    Christina Schönfeld, Director for the DACH Region, commented:   “Already today we’re seeing a change in end-user behavior with users entering ever longer and more descriptive search queries when browsing on a retailer’s website,” “The average query length amongst our customers has grown from 2.6 words to now 6.8 words within a short period of time.”

In Germany, retailers such as C&A, dm, Flaconi and many more, leverage Algolia to power their online experiences. Piyush Patel, Chief Strategy Officer of Algolia, expressed: “We are thrilled to receive the award for excellence in search and to be recognized by one of the best commerce organizations in Germany. At Algolia, our number one goal is to ensure our customers are able to deliver the best possible search and discovery experiences. This award is a testament to our dedication to delivering on that commitment along with our global network  of SI partners.”   

In addition to receiving the K5 award, Algolia was  awarded EUR 1,000 to donate to a charity of their choice:  Save the Children https://www.savethechildren.org/

You can learn more about the K5 Awards: https://konferenz.k5.de/commerce-award/

About Algolia

Algolia is a leading provider of AI search solutions, serving over 17,000 businesses and 500,000 developers globally. Renowned for its user-friendly API-First platform and the fastest AI search technology, Algolia is the largest hosted search engine, trusted by businesses and developers for 1.75 trillion searches per year. Backed by a decade of innovation, expertise, and growth, Algolia continuously redefines the search landscape with its commitment to user-friendly solutions, significant scalability, and unmatched speed. Learn more: www.algolia.com   

About K5 Awards

The K5 Award honors  innovative commerce solutions and agencies that set new standards in digital commerce in various categories. The K5 Commerce Award  was presented as part of the K5 FUTURE RETAIL CONFERENCE on the first evening of the conference, moderated by Verena Schlüpmann and Bella Wondra.