According to a recent press release, “Lexalytics®, the leader in ‘words-first’ machine learning and artificial intelligence, announced today the launch of Lexalytics Data Extraction Services, the first data extraction software and services that combine Lexalytics’ industry-leading AI-based natural language processing (NLP) technologies with the ability to classify both structured and unstructured content to gain more insights and value from corporate documents. Lexalytics Data Extraction Services significantly reduces the time and labor costs of document data analysis and extraction, while improving the accuracy and insights available within the data. While there are companies that currently offer software capable of “scraping” documents like PDFs and Microsoft Word files containing structured data in tables like dates, billing codes, payment timeframes, support requirements, subscription details, reaction ratios and statistical tests, many documents are a hybrid containing not just that structured content, but also free, unstructured text.”
The release goes on, “Traditionally, analysts in the fields of law, market research, insurance, healthcare, real estate, financial services and others have lacked an effective way of melding the structured and unstructured data from their documents into a coherent database to properly access, view and analyze it all in one place. Lexalytics Data Extraction Services leverages its best-in-class Salience text analytics engine to provide greater insights and automatically organize data into a format that includes features such as summarization, sentiment analysis, intentions, named entity extraction, categories and themes.”
Read more at PR Web.
Photo credit: Lexalytics