June 26, 2012–Some of the biggest names in data analytics converged in Boston, MA, for the Lexalytics User Conference, a pow-wow for discussing the current state of text analytics across industries and what the future may hold. The article, “Text Analytics Company Lexalytics Announces Line-Up of Speakers for Upcoming User Conference”, on Market Watch, explained how the event was conspired and what key industry issues were being discussed.
Jeff Catlin, CEO of Lexalytics, was quoted as saying, “The amazing growth of social media is a blessing and a curse for companies today. It provides businesses with access to an unprecedented amount of useful information, but the sheer volume, speed and dynamic nature of the content being created today makes it extremely difficult to understand, make informed decisions and then act on that information in a timely and meaningful way. It’s a Big Data challenge that our text and sentiment analysis technology is already solving for many innovative companies and it is why demand for text analysis is on the rise.”