# 5 tips for dealing efficiently with the effects of inflation Press release of 29 June 2023: five tips on how companies can save time and costs with AI-supported data classification. *Vienna, 29 June 2023* How companies strengthen their competitiveness by using AI-supported data classification In times of high energy costs and personnel costs that have risen sharply due to inflation, many companies face major challenges. To cushion the effects of inflation, it is crucial to optimise business processes and organisational workflows. In this context, artificial intelligence and automated data classification can offer effective solutions to reduce the pressure on employees while at the same time increasing efficiency in everyday work. Because data classification is the key to handling large volumes of data. Using artificial intelligence makes it possible to save an enormous amount of time in sorting, categorising and searching. “Efficient assignment makes it easier to access business-critical information. Our experience has shown that companies can save considerable time and costs through AI-based, automated classification of their data,” emphasises Christoph Wendel, CEO of Iphos IT Solutions. Find out below how companies can benefit from the advantages of data classification and AI in order to strengthen their competitiveness and successfully meet the economic challenges. ## Tip 1: Managing correspondence efficiently through automation AI-based data classification gives companies the opportunity to get the daily flood of emails efficiently under control. Manually sorting hundreds or thousands of emails a day is time-consuming and error-prone. “Enterprise search software solutions such as searchit today often offer automated classification of emails and documents, such as scanned letters. This saves valuable resources, and employees can concentrate on more important tasks while machine learning algorithms sort the correspondence by topics such as quotations or support requests,” explains Wendl. ## Tip 2: Quickly identifying and analysing relevant data for well-founded decisions Companies in various industries, including media houses, organisations with a strong focus on investigative research, law firms and many more, can benefit from quickly identifying and analysing relevant data with the help of AI-based algorithms. Journalists, for example, can search and analyse large amounts of data quickly and efficiently thanks to automated data classification in order to uncover hidden patterns and connections. This ability plays a decisive role in developing investigative stories and uncovering scandals and abuses. The combination of AI-based data classification and the expertise of experienced specialists makes enterprise search software a powerful tool for gathering information. This benefit is not limited to journalism, but also extends to other business areas in which well-founded decisions have to be made on the basis of comprehensive data. ## Tip 3: Optimising data management for an efficient work structure The automated or manual assignment of tags makes it easier to manage information, ensuring fast access to relevant data. Project-specific tags create structure and make it possible to access relevant documents quickly and to optimise workflows. Linking them to deadlines helps to keep important deadlines in view and to respond promptly. “Some of our customers work in the legal sector,” Wendl reports from everyday business. “What they value most about searchit is the ability to search clients' email archives, such as PST files, using full-text search, and also to structure them through automated classification. Regardless of the industry, companies can achieve significant time savings with these functions of an enterprise search solution.” ## Tip 4: Protecting sensitive data with automated data classification and tagging Sensitive company data must be protected and may only be accessible to authorised employees. Through the automatic classification and tagging of data, companies can quickly and easily ensure that only employees with the corresponding access rights can access it. This may concern projects with non-disclosure agreements, personnel files or accounting documents. This not only reduces the risk of data loss and unauthorised access, but at the same time ensures compliance with data protection laws and guidelines. ## Tip 5: Improved customer loyalty and trend analysis thanks to AI-supported data classification Companies and private customers alike – everyone is currently struggling with the consequences of inflation, which is why many companies are making customer loyalty measures a priority. Handling customer and support enquiries efficiently kills two birds with one stone: your own costs are optimised and the faster processing time for their enquiries is a plus for customers. Implementing enterprise search software with AI-supported data classification enables companies to handle customer enquiries more efficiently. Enquiries can be assigned to the appropriate teams more quickly, which leads to faster processing and higher customer satisfaction. A further bonus is the identification of trends and patterns in the enquiries. This makes it possible to respond specifically to customer needs and to align marketing campaigns with the new demand. If the solution also offers automated language detection, it becomes particularly interesting for multinational companies. Through the automated classification of documents in the various group languages, they achieve significant savings in time and resources. “The implementation of AI-based data classification has definitely proven itself with our customers. Intelligent algorithms and automated classification support them in their everyday work in managing data efficiently and quickly identifying relevant information. In addition, the secure handling of sensitive data and the reduction of human error contribute to optimising workflows,” Wendl emphasises in conclusion. “This lowers costs and increases competitiveness – two points that can be decisive for a company's survival, especially in times of high inflation.” More information on enterprise search with searchit: [www.searchit-enterprise-search.com](https://www.searchit-enterprise-search.com) Here you will find a calculator showing individual savings potential: [www.searchit-enterprise-search.com/enterprise-search-mit-schnellem-roi/](https://www.searchit-enterprise-search.com/enterprise-search-mit-schnellem-roi/) ## About searchit The international company Iphos IT Solutions is redefining “enterprise search engines” for businesses. With the launch of searchit, the company is positioning itself as a sustainable innovator in the industry. Ing. Christoph Wendl, together with Lyubomir Ivanov, runs the company, founded in 1998, as Chief Executive Officer (CEO); the company meets the current challenges of IT with innovative solutions. ## Media contact - Ing. Christoph Wendl, Managing Director, Iphos IT Solutions GmbH - Khekgasse 35, 1230 Vienna, Austria - Phone: +43 1 869 84 00 - Email: [info@searchit.cc](mailto:info@searchit.cc) - [Release as PDF (German)](https://searchit-agent.ai/pr/5-tipps-zur-effizienten-bewaeltigung-der-inflationsauswirkungen/20230629-datenklassifizierung-mittels-ki.pdf) --- - searchit AI Agent: This version is generated from the page's language files (scripts/gen-unternehmen.py). The page itself is authoritative.