Lexalytics to Provide Text Analytics for First Coverage
With hundreds of sources publishing key financial information, First Coverage taps Lexalytics to help process and provide text analytics solutions for its platform
Lexalytics technology provides the insight and measurement capabilities needed by financial services organizations to discover, react, and respond to market opinions. First Coverage’s The Community is designed to enhance productivity, ensure important information isn’t overlooked, and instantly connect buy‐side professionals with the people and data most likely to add value to their investment process.
Even as the global economy continues to produce financial challenges, First Coverage not only meets the urgent business imperatives of its clients, but also utilizes Lexalytics text analysis to understand key business drivers and enable customers to achieve marked ROI.
“Lexalytics text analysis software is undeniably useful for the financial services industry as more and more unstructured data is being produced by research firms, traditional media and blogs,” says Jeff Catlin, Lexalytics CEO. “First Coverage has emerged as a leader by creating a platform that helps the buy-side filter through content in a unique way that allows them to identify what is most important in the data. Sentiment analysis enhances the communication process.”
Salience 4 provides the low-level text analytics capabilities of the system, including entity extraction, entity relationships, sentiment analysis, document summarization, and toolkits to help tune sentiment and entity recognizers.
Lexalytics processes billions of words every day, globally, for data analytics companies and enterprise data analyst teams that need to tell powerful stories from text data. The company’s Salience®, Semantria® and Lexalytics Intelligence Platform™ products combine natural language processing with artificial intelligence to transform text in all its forms into usable data. Lexalytics solutions can be deployed on premises, in the cloud or within hybrid cloud infrastructure to reveal context-rich patterns and insights for voice of customer, voice of employee, customer experience management, market research, social listening, news monitoring and other business intelligence programs. Based in Boston, Lexalytics has offices in the United States and Canada. For more information, please visit www.lexalytics.com, email sales(at)lexalytics(dot)com or call 1-617-249-1049. Follow Lexalytics on Twitter, Facebook, and LinkedIn.