COLOGNE, Germany, April 16, 2024–(BUSINESS FEED)–World leader in linguistic AI, Deeppublished the results of an in-depth study conducted by Forrester Consulting. The comprehensive study showcases the significant business impact of DeepL’s AI translation solutions across industries and makes the case for translation as one of the most strategic areas of AI implementation for businesses who are looking to increase revenue and enter new markets faster and at scale.
The study commissioned, “Total Economic Impact™ by DeepL“, evaluated the benefits, risks, costs and flexibility for companies using DeepL Translator. Forrester Consulting surveyed four companies from different industries, including energy, financial services, legal services and pharmaceuticals, to to create a composite organization for analysis.
The study results demonstrate that overall, the composite organization using DeepL achieved significant savings while being substantially streamline team efficiency. We believe the study’s metrics highlight the transformative impact of AI translation on international business success.
The study reported a myriad of business metrics for the composite organization, including:
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A 90% reduction in translation time for internal documents
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A return on investment (ROI) of 345% over three years
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A reduction in translation workloads by 50%
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Workflow cost savings of €227,430 over three years
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Efficiency gains of 2.8 million euros over three years
Ultimately, DeepL allowed companies to reduce their internal translation time and workload, which freed up time for internal staff, allowing them to focus on other tasks while maintaining translations of high quality. Additionally, DeepL reduced the number of document translation tasks handled externally, leading to greater efficiency and cost savings.
Employees from surveyed organizations highlighted the increased efficiency DeepL brings and its impact on their daily workflows. A software application manager interviewed said: “We save time resolving complaints with DeepL, which translates into reduced costs or the realization of profits. . . we don’t waste time (manually trying to figure out what happened), we can now spend time on more diverse tasks. , value-added work and be more productive.
With its advanced linguistic AI technology and unmatched translation accuracy, DeepL is revolutionizing the way businesses communicate globally. To access the full Total Economic Impact™ study and learn more about how AI translation can boost your business, visit DeepL official website.
About DeepL
DeepL is a global leader in linguistic AI. Since 2017, its flagship product, DeepL Translator, has delivered the world’s most accurate AI translation quality, measured in blind testing, eliminating language barriers for businesses around the world. DeepL Write, its AI writing assistant, elevates professional text with wording, style and grammar suggestions that give users a creative boost in the writing process and transform their communication. DeepL’s Language AI combines research and engineering expertise with that of leading linguists, delivering tools that give businesses a competitive edge through accurate translation, revolutionized communication, and enterprise-level security . DeepL was founded by CEO Jarek Kutylowski and is backed by world-renowned investors including IVP, Benchmark and b2venture.
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