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Press Releases

Lexalytics® Announces Text Analytics Suite Availability for Any Computing Environment

Lexalytics®, the leader in “words-first” machine learning and artificial intelligence, announced today that its entire text analytics and natural language processing (NLP) product suite is available for deployment in any computing environment—on-premises; private, public or hybrid cloud; or individual workstation. Previously, the only on-premises option from Lexalytics was its core Salience® text analytics libraries, which […]

Company Also Pioneering New “Micromodels” Machine Learning Approach to Natural Language Processing

Lexalytics®, the leader in “words-first” machine learning and artificial intelligence, announced today that its entire text analytics and natural language processing (NLP) product suite is available for deployment in any computing environment—on-premises; private, public or hybrid cloud; or individual workstation. Previously, the only on-premises option from Lexalytics was its core Salience® text analytics libraries, which are integrated into existing customer or BI applications. Now, Semantria®, the company’s text analytics RESTful API, as well as Lexalytics Intelligence Platform™, a complete application for gathering, processing, modeling, analyzing and visualizing relevant information extracted from unstructured text, can also be deployed on-premises, in addition to a public or private-public cloud hybrid configuration.

While the majority of text analytics providers offer only a public cloud option, enterprise customers often require on-site, behind-the-firewall deployments for a variety of reasons, including more customizability, higher levels of security, lower levels of latency and when processing very high volumes of text data. Lexalytics has seen its on-premises business grow at twice the rate of its public cloud offering. Industry analyst firm IDC recently reported that spending on private cloud IT infrastructure would grow at approximately 23.3 percent year over year in 2018 and spending on non-cloud IT infrastructure would represent 52.6 percent of the market.

We’re seeing a lot of demand from analytics teams within enterprises for a full text analytics stack, not only in the public cloud, but also in on-prem and hybrid environments,” said Jeff Catlin, CEO of Lexalytics. “We’re pleased to be one of the only companies to offer a solution for processing unstructured data for any computer environment.

Micromodels

Today, Lexalytics also announced it is pioneering a new machine learning approach to text analytics that it is calling “micromodels.” In any text analytics application, there is generally a small subset of phrases, concepts and entities that are difficult to correctly score or extract with monolithic “macromodels.” These ambiguous terms can cause a drop in a system’s accuracy. For example, the word “tight” can mean many things in standard and vernacular English, from “strongly fixed,” such as, “The lid is tight,” to “cool,” as in, “That video was tight!” and can have positive, negative or neutral sentiment, depending on usage.

Text analytics companies have traditionally approached this problem by training one monolithic model with large amounts of data. With micromodels, Lexalytics can greatly improve accuracy by identifying the critical subset of terms unique to a particular customer or industry and creating micromodels for each term, dramatically reducing the amount of data and hours required to train the system. Lexalytics predicts that micromodels will approach 100 percent accuracy for certain words and phrases, beating a human’s comprehension and other systems currently in use.

“From 30 years of building predictive models, I find that the more targeted the model, the better it performs,” said Randy Hlavac, CEO, Marketing Synergy and Lecturer, Northwestern University Medill Integrated Marketing Communications. “That’s why micromodels make sense. Today, you need focused machine learning like Lexalytics provides to best learn about your high value markets. Their expertise and approach is why I use Lexalytics systems for all of my online classes at Northwestern.”

Pricing and Availability

Salience, Semantria and Lexalytics Intelligence Platform are available in any computing environment today. For more information and pricing, please contact sales@lexalytics.com

[1] IDC Press Release, “Cloud IT Infrastructure Revenues Surpassed Traditional IT Infrastructure Revenues for the First Time in the Third Quarter of 2018, According to IDC,” January 10, 2019

About Lexalytics®

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.

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Other Press Releases

2019-09-10 Biogen Chooses Lexalytics® to Improve Customer Care with New AI-Based Text Analytics System
2019-02-13 Lexalytics® Announces Text Analytics Suite Availability for Any Computing Environment
2018-12-27 Lexalytics Closes Out 2018 with Prestigious Industry Awards in Artificial Intelligence and Analytics
2018-09-19 Lexalytics Data Extraction Services Enables Hybrid Analysis of Both Structured and Unstructured Data from Corporate Documents
2018-08-16 Lexalytics® Updates Intelligence Platform with New Benefits for European Union Customers
2018-06-05 Lexalytics® and University of Massachusetts Amherst to Present at NAACL
2018-04-25 Lexalytics® Announces “Get Out of the Cloud” Campaign for Seamless Transfer of Natural Language Processing from Cloud to On-Premise
2018-03-14 Lexalytics® Launches Support for Unicode Emoji 11.0
2017-12-11 Lexalytics® Launches New Artificial Intelligence Development Platform to Help Customers Quickly Build, Customize and Deploy Natural Language Processing Applications
2017-10-24 Lexalytics® Recognized in Gartner 2017 Hype Cycles for Data Science and Machine Learning, Analytics and Business Intelligence, Imaging and Print Services and Life Science Research and Development
2017-06-15 Lexalytics® Releases New Text Analytics Software for Retailers to Improve Online Shopping Experience
2017-04-05 New Software from Lexalytics® Helps Human Resources Departments Design More Effective Voice of the Employee Programs
2017-01-25 Lexalytics® Unveils Magic Machines™ AI Labs to Drive Innovation in Building and Managing Artificial Intelligence
2016-11-02 Lexalytics’ New Survey Analysis Tool for Customer Loyalty/Sales
2016-10-14 Lexalytics Improves Text Analytics with New Machine Learning
2016-08-01 Semantria Text Analytics Platform Available on Microsoft Azure
2016-07-20 Lexalytics® Simplifies Pharmaceutical Market Research and VOC
2016-07-08 Lexalytics® to Present on NLML at Sentiment Analysis Symposium
2016-04-06 Lexalytics® NLP & Sentiment Analysis for Android™ Social Media
2016-01-26 Lexalytics® Brings Text and Sentiment Analytics to Mac®
2015-12-15 Lexalytics®’ Text Analytics Software Airlines Industry Pack
2015-12-03 Lexalytics®,Text Analytics Presenters Gilbane Conf. 2015
2015-11-23 Lexalytics® Adds Polish Language Support
2015-10-21 Lexalytics® Hospitality/Restaurant Industry Packs Simplify CEM
2015-09-29 Lexalytics Adds Danish, Norwegian and Swedish
2015-06-03 Lexalytics® Enhances Feature-Rich Salience® Analytics Software
2015-05-12 Lexalytics® Unveils Text Mining and Sentiment Analysis Wizard
2015-04-23 Lexalytics to Present at Text by the Bay Conference
2015-04-15 Lexalytics’ Adds Arabic, Russian, and Dutch
2014-12-08 Lexalytics Adds to Text Analytics, Includes Intention Analysis
2014-11-06 Lexalytics Launches Pain-Free Text Mining Customization
2013-10-23 Lexalytics Announces Availability of Salience in Chinese
2013-09-04 Lexalytics to Sponsor Brighton Data Storytelling Hackathon
2013-06-20 Lexalytics Announces Availability of Salience 5.1.1
2013-04-25 Semantria & Lexalytics Give API Access for Viafoura Hackathon
2012-11-08 Lexalytics Announces Portuguese Native Phrase-Based Sentiment
2012-10-17 Lexalytics Announces Spanish Native Phrase-Based Sentiment
2012-06-14 HStreaming & Lexalytics Deliver Text Analytics for Big Data
2012-06-12 Lexalytics & FutureEverything Capture Opinion of 2012 Olympics
2012-05-31 Lexalytics Announces Speakers for Upcoming User Conference
2012-05-31 Angoss Software and Lexalytics Form Partnership
2012-04-04 Lexalytics Powers New Bitly Reputation Monitoring Service
2011-04-12 Lexalytics Announces Salience 5.0
2011-03-07 MediaVantage & Lexalytics Offer Multi-Lang Sentiment Analysis
2010-12-07 Lexalytics Predicts 2011 Text/Sentiment Analysis Market
2010-11-29 DataSift Taps Lexalytics to Help “Tune Your Data”
2010-09-20 Lexalytics Unveils Sentiment Analysis of Emoticons, Acronyms
2010-06-30 Lexalytics Releases Salience 4.3
2010-05-24 Lexalytics Expands into New Markets
2010-05-16 Lexalytics Moves to Boston
2010-05-04 bit.ly to Join Lexalytics at 6th Text Analytics Summit
2010-03-23 Lexascope Web Service for Social Media/Sentiment Analysis
2010-03-09 Lexalytics Discusses Text & Sentiment Analysis Trends
2009-10-20 Lexalytics, Inc. Joins Endeca Extend Partner Program
2009-06-24 Lexalytics to Provide Text Analytics for First Coverage
2009-04-05 Lexalytics’ Salience 4.1 with Entity Management Toolkit
2008-10-21 Salience 4.0 With Improved Entity Extraction/Sentiment Scoring
2008-10-09 Lexalytics Unveils The “ExecDex” Who’s Hot Ranking System
2008-10-01 Lexalytics Hires VP of Engineering
2008-09-21 Market Intelligence Co’s Use Lexalytics Sentiment Analysis
2008-09-07 Lexalytics signs Conversition and mBLAST
2008-09-02 Market Intelligence Tool Harnesses Text Analytics
2008-07-27 Infonic Merges its Text Analytics Business with Lexalytics
2008-05-19 Lexalytics Named 2008 MITX Technology Awards Finalist
2008-03-16 CEO, Jeff Catlin, New Communications Forum 2008 Speaker
2008-02-25 2008 Presidential Campaign Blog Sentiment Survey
2008-01-14 SmartBrief to Integrate Lexalytics Classification Solution