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Thoughts on 2009
As the year draws to a close, I’ve been evaluating text analytics and its potential in 2009.
Text Analytics in 2009
With the current state of the economy, IT spend will obviously be impacted in 2009. I've been looking ahead to the types of Text Analytic solutions that will be the most relevant.
Using text analytics to more accurately detect fraud
Fraud detection using text analytics is gaining traction. We recently announced our initial focus on fraud detection through our partnership with IxReveal. Their advanced analytics software uses text to better detect fraud.
Advanced Analytics and the Insurance Industry
Advanced analytics covers a broad spectrum of analytical techniques leveraging traditional business intelligence, predictive analytics and visualization. Text analytics is a growing piece of the advanced analytics spectrum. I saw a great article from Frank J. Coyne, Chairman, President and Chief Executive Officer of ISO. Mr.
Collaboration and Intelligence
My interest in text analytics had its roots in collaboration and knowledge management. In the past, I’ve focused on the evolution of collaborative solutions from supporting team-based initiatives to broad extended enterprise initiatives.
Text Analytics Basics
Seth Grimes has an expert channel on the Business Intelligence Network where he focuses a great deal on text analytics. He recently completed a two part series on text analytics basics. I highly recommend this series for anyone that wants to better understand text analytics. Part 1 starts with a high level view of text analytics and it's application.
Text Analytics and Enterprise Content Management
As text analytics gets more attention, one area that I would expect to see discussed more is Enterprise Content Management (ECM).
Text Analytics and Value Management
In spending time talking to customers and prospects about text analytics, it’s becoming clear that these solutions are viral. The discussions move in many directions, with various ideas generated about the uses of text analytics.
A text analytics study by Seth Grimes
The 4th Annual Text Analytics Summit
I had the opportunity to attend the 4th Annual Text Analytics Summit this week in Boston. It was well attended with representation from the vendor community, users, and Industry Analysts. Seth Grimes did a great job moderating the session and providing insight into the world of text analytics.