Bloomfire is a knowledge management system designed to centralize and democratize information within organizations. The platform allows employees across all levels and departments to contribute to and access a shared pool of knowledge, breaking down traditional information silos. Bloomfire's system features AI-powered search capabilities that index every word, including video transcriptions, enabling users to quickly locate specific information within the platform. This streamlined information retrieval process aims to boost workplace productivity by reducing time spent on prolonged searches. The platform also serves as a repository for institutional knowledge, helping organizations retain valuable insights despite employee turnover. The average annual employee turnover rate in the US was 47.2%.
Key customers and partnerships
PayPal has utilized Bloomfire's services, with a Technical Director at the company reporting significant cost savings. The director stated that purchasing Bloomfire was "a fraction" of the money lost due to inefficient knowledge sharing within the organization.
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