Cologne, Germany, April 16, 2024–(BUSINESS WIRE)–DeepL, the global leader in linguistic AI, announced the results of a comprehensive study conducted by Forrester Consulting. This complete study shows that DeepL's AI translation solutions are delivering significant business impact across industries, for companies looking to increase revenue and reach new markets faster and at scale. We make a strong case that translation is one of the most strategic areas for AI deployment.
The commissioned study “The Total Economic Impact of DeepL™'' evaluated the benefits, risks, costs, and flexibility for companies using DeepL translators. Forrester Consulting interviewed four of his companies in industries including energy, financial services, legal services, and pharmaceuticals to create a composite organization for analysis.
The results of the study show that composite organizations using DeepL achieved the following overall outcomes: Significant cost savings substantially Streamline team efficiency. We believe the metrics in this study highlight the transformative impact of AI translation on international business success.
The study reported a myriad of business metrics for composite organizations, including:
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Reduce translation time for internal documents by 90%
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345% return on investment (ROI) over 3 years
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Reduce translation workload by 50%
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Reduced workflow costs by €227,430 over 3 years
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Efficiency savings of 2.8 million euros over 3 years
Ultimately, DeepL has enabled companies to reduce internal translation time and workload, freeing up internal staff time to focus on other tasks while maintaining high quality translations. Additionally, DeepL reduced the number of document translation tasks handled externally, increasing efficiency and reducing costs.
Employees at the surveyed organizations emphasized the efficiency gains brought about by DeepL and the impact it has on their daily workflows. Software application leaders surveyed said, “DeepL saves us time resolving complaints, leading to cost savings and profit realization. …We don't have to spend time.” [manually trying to understand what has happened], we can now spend our time on more diverse and value-added work and be more productive. ”
DeepL is revolutionizing the way businesses communicate on a global scale with advanced language AI technology and unparalleled translation accuracy. To access the full Total Economy Impact™ study and learn more about how AI translation can enhance your business, visit DeepL's official website.
About DeepL
DeepL is the world leader in linguistic AI. Since 2017, the company's flagship product, DeepL Translator, has delivered the world's most accurate AI translation quality as measured in blind tests, breaking down language barriers for businesses everywhere. DeepL Write, an AI writing assistant, improves business text with phrasing, style, and grammar suggestions to increase creativity in your writing process and transform your communications. DeepL's Language AI combines research and engineering expertise with the expertise of leading linguists to curate tools that give businesses a competitive edge through accurate translation, revolutionary communications, and enterprise-grade security. DeepL was founded by his CEO Jarek Kutylowski and is backed by world-renowned investors such as IVP, Benchmark, and b2venture.
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