DeepL, a global AI communications company, recently released findings from an independent study conducted by Forrester Consulting, titled “The Economic Impact of DeepL.”
The research highlights how DeepL’s artificial intelligence translation technology significantly boosts efficiency and reduces costs in businesses’ internal document translation processes.
The economic impact of DeepL: Cost savings
Research on companies across various industries using DeepL has shown remarkable outcomes. DeepL enables businesses to slash the time dedicated to translating internal documents by 90% and reduce employee workload by 50%. This shift allows employees to allocate more time to high-value projects and enhance productivity.
Forrester Consulting studied four companies from sectors including energy, financial services, legal services, and pharmaceuticals, and found that DeepL facilitates increased revenue and accelerated entry into new markets.
DeepL’s high-quality translation services allow employees to focus on additional responsibilities, decreasing the reliance on external document translation services. This results in heightened efficiency and significant cost reductions.
The research reveals that global companies utilizing DeepL achieve a 345% return on investment, with cost savings of €227,430 and productivity gains of €2,008,000 over three years.
Furthermore, DeepL offers professional products not just for companies but also for individual translators. Since 2017, DeepL Translator has been recognized through tests as providing the world’s highest translation quality, underpinned by proprietary advancements in neural network mathematics and methodologies.
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