Yext Enhances its AI Search Platform with Phoenix Algorithm Update, Test Search Tools, Data Connectors, and New Apps Framework

Rhea-AI Summary

Yext, Inc. (NYSE: YEXT) has announced its Summer '21 Release, featuring the new Phoenix algorithm update aimed at enhancing search results for business customers. Significant enhancements include dynamic reranking based on user engagement and improved data connectors for easier integration. The release also introduces tools for search experience testing and customizable app configurations, best equipping businesses to address evolving customer needs. This update positions Yext as a leader in providing advanced AI-powered search solutions.

Positive

• Introduction of the Phoenix Algorithm Update enhances dynamic reranking for better search results.
• Updates to data connectors enable easier integration of diverse data formats.
• New tools for search experience testing help businesses optimize their search functionalities.
• Custom configuration options allow businesses to build tailored applications on the Yext platform.

Negative

• None.

NEW YORK, July 28, 2021 /PRNewswire/ -- Yext, Inc. (NYSE: YEXT), the AI Search Company, today announced the availability of its Summer '21 Release for early access.

Underpinned by the new "Phoenix" search algorithm update, the release introduces features like dynamic reranking for search results, revamped test search and experience training, and a reimagining of Yext's data connector and app frameworks — all to equip business customers with modern and powerful search solutions.

"As business information evolves and the questions customers ask become more complex, it's critical for businesses to have a search experience that can learn, evolve, and embrace that complexity in order to serve their customers well," said Marc Ferrentino, Chief Strategy Officer at Yext. "With each release, the algorithms powering Yext's AI search platform get smarter and stronger, empowering businesses to optimize their search experiences even further and continue providing customers with the best answers to their questions."

The Summer '21 Release includes the following features:

• Phoenix Algorithm Update: Yext's newest algorithm update makes it possible to analyze and dynamically rerank the best-performing search results. For example, if customers consistently click on a blog post when searching for vaccine information on a healthcare organization's website, dynamic reranking will push that content to the top of the search results page so it appears first any time someone searches about vaccines. The Phoenix update also introduces more relevant results for queries about locations that are "open now" and rich text fields, like lists, in featured snippets.

• Data Connector Updates: A business's data can come from multiple sources and exist in various formats, and unifying it is key to powering a robust AI search experience. With the new update to Yext's data connectors framework, businesses can use a low-code "extract, transform, load" (ETL) tool that extracts all of their data and transforms it into the same format for easy integration into their knowledge graph (a unique brain-like database of facts).

• Apps with Configuration: Businesses that prefer to self-serve can now build their own unique configurations in the Yext platform and package them into installable apps. They also have the option of downloading pre-built solution templates to get their search experiences (or that of their clients and sub-brands) up and running more quickly.

• Search Experience Training and Test Search: It's now easier than ever for businesses to test their search experiences as if they were a customer. An upgraded test search tool enables Yext platform administrators to see results for any given query and identify opportunities for improvement. The updated experience training also gives admins the ability to allow or block certain results from appearing.

Discover more features in Yext's Summer '21 Release Notes.

About Yext
Yext (NYSE: YEXT) is the AI Search Company and is on a mission to transform the enterprise with AI search.

With the explosion of information and data online, search has never been more important. However, while the world of consumer search has innovated over time, enterprise search has not. In fact, the majority of enterprise search is powered by outdated keyword search technology that only scans for keywords and delivers a list of hyperlinks rather than actually answering questions.

Yext, the AI Search Company, offers a modern, AI-powered Answers Platform that understands natural language so that when people ask questions about a business online they get direct answers – not links.

Brands like Verizon, Vanguard, Subway and Marriott — as well as organizations like the U.S. State Department and World Health Organization — trust Yext to radically improve their business with answers-led AI search.

CONTACT: Amanda Kontor, pr@yext.com

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SOURCE Yext, Inc.

FAQ

What is the Yext Summer '21 Release?

The Yext Summer '21 Release introduces the Phoenix algorithm update, dynamic reranking, and enhanced data connectors for improved business search solutions.

How does the Phoenix algorithm improve search results for Yext customers?

The Phoenix algorithm enables the dynamic reranking of search results based on user engagement, ensuring more relevant content appears first.

What features are included in Yext's Summer '21 Release?

The release includes the Phoenix algorithm update, improved data connectors, customizable app configurations, and enhanced search experience testing tools.

When was the Yext Summer '21 Release announced?

The Yext Summer '21 Release was announced on July 28, 2021.

What is the stock symbol for Yext, Inc.?

The stock symbol for Yext, Inc. is YEXT.