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Dynamics CRM 2015 update .01 (the update formerly known as update roll up 1) adds some much needed performance improvements to Quick Find for on premises deployments. Watch this video for details of how the index architecture was changed to (in some cases) provide dramatically faster quick find performance.
Hey Tipster. Unusual that on prem would get a feature release before online, but do we know when this might be available for online?
the update is an on premise update. If you find your quick find for online slow, open a support ticket. Also, keep in mind that update 1 (not .01) will be online only, so you will get a lot of goodies for online very shortly.
You can get very short overview from this video – how you will get benefit from the new feature, the performance improvements and results from test carried out on Full text Search in CRM 2015. The update is on-premise deployments.