by Angela Guess
According to a new press release, “EPAM Systems, Inc., a leading global provider of digital platform engineering and software development services, today announced the launch of InfoNgen 7.0, an actionable insight engine that delivers ready-made, customized content from over 200,000 web sources in multiple languages, and includes sophisticated sentiment analysis. The addition of machine learning through neural networks significantly improves the fidelity of the signal over time, allowing users to find hidden patterns, trends and anomalies. InfoNgen customers can quickly find, analyze and share critical information to speed decision-making and stay competitive.”
The release goes on, “Nearly 80% of new data is unstructured, making it the fastest growing form of data, and companies not taking advantage of it are missing large amounts of relevant information. Unstructured data includes social media, customer-generated content and enterprise assets, such as emails, documents and presentations, which contain important takeaways that could transform an entire business model; meaning the difference between scaling a business to success or stagnating against the competition.”
Jitin Agarwal, VP Enterprise Products at EPAM, commented, “Actionable insights are increasingly valuable to businesses, especially when combined with structured and unstructured data analysis, allowing organizations to truly understand, identify and react to gaps in performance to achieve a competitive advantage… The ability to quickly consolidate and analyze unstructured data is a necessary step towards true digital transformation, and InfoNgen is an easily customizable solution that allows business users to quickly aggregate and find patterns in the data for better decision-making.”
Read more at Nasdaq.
Photo credit: EPAM