Lexalytics Announces Salience 5.0, an Evolution in Semantic Understanding
Boston, MA—April 12, 2011Lexalytics, Inc., a leading provider of text and sentiment analysis software, today announced a major upgrade to its Salience product at the company’s annual Users Group event.“This release represents a quantum leap in the underlying technology for text analytics,” said Jeff Catlin, CEO of Lexalytics, Inc.Built around Lexalytics new patent pending technology […]
Boston, MA—April 12, 2011
Lexalytics, Inc., a leading provider of text and sentiment analysis software, today announced a major upgrade to its Salience product at the company’s annual Users Group event.
“This release represents a quantum leap in the underlying technology for text analytics,” said Jeff Catlin, CEO of Lexalytics, Inc.
Built around Lexalytics new patent pending technology “Concept Matrices”™, the Salience 5.0 release brings a whole new set of semantic features to the table. “With this upgrade we’re allowing our customers to understand the meanings hidden within their content,” continued Catlin.
Salience 5.0 will be available in late summer 2011, and will enter a limited Beta in the early summer.
Lexalytics has created the “Concept Matrix”™ by digesting the entire human generated encyclopedia, Wikipedia® (a registered trademark of the Wikimedia Foundation), which has enabled it to understand the complex relationships between words and meaning.
For example, the “Concept Matrix”™ allows Lexalytics to collapse phrases like: “9-iron,” “golf club” and “Driver” into the common concept of “golf club.” Furthermore, the concept of golf club is implicitly related to concepts like “recreation” and “outdoors,” allowing for comparisons at many different levels of meaning.
Building upon this new paradigm Lexalytics is introducing a number of powerful features, including:
- Facets: Extracts important subjects and their pertinent attributes.
- Collections: Will utilize the metadata across many documents to produce enhanced results.
- Conceptual Topics: The ability to define a classification subject with only a few simple concept keywords. Food for example could be defined as nothing more than (Food, Restaurant and Dining). This definition would sweep in content about gourmet pizza, or “a cool new bar.”
- Improved sentiment scoring via the understanding of subjective vs. objective phrasing.
Processing billions of unstructured documents every day globally, Lexalytics is the industry leader in translating text into profitable decisions. Lexalytics deploys state-of –the-art cloud and on-prem text and sentiment analysis technologies that transform customers’ thoughts and conversations into actionable insights. The on-premise Salience® and SaaS Semantria® platforms are implemented in a variety of industries for social media monitoring, reputation management and voice of the customer programs. Based in Boston, MA, Lexalytics has offices in the US and Canada. For more information, please visit www.lexalytics.com, email email@example.com or call 1-617-249-1049. Follow Lexalytics on Twitter, Facebook, and LinkedIn..