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Lexalytics® Launches New Artificial Intelligence Development Platform to Help Customers Quickly Build, Customize and Deploy Natural Language Processing Applications

  (December 11, 2017)
Lexalytics® Launches New Artificial Intelligence Development Platform to Help Customers Quickly Build, Customize and Deploy Natural Language Processing Applications

Lexalytics®, the leader in “words-first" machine learning and artificial intelligence, announced today the launch of Lexalytics AI Assembler, a new machine learning platform that simplifies and accelerates the process of gaining insights from the large quantity of natural language data inundating the enterprise. Lexalytics is also launching a limited-availability beta release of Semantria Storage & Visualization, a content storage, aggregation, search and reporting framework that provides business analysts and marketers a single access point to interact with their data.

Lexalytics has been a pioneer in natural language processing (NLP) and text analytics, delivering the world's first commercial sentiment analysis engine in 2004, the world's first Twitter/microblog-specific text analytics in 2010 and the world's first commercial semantic analytics based on Wikipedia in 2011. Lexalytics has experimented with tens of thousands of models to feed its text and sentiment analysis platforms, launching machine learning-based named entity extraction in 2008 and the world's first unsupervised ML model for syntax analysis in 2014. Today's announcement is a direct result of years of internal research and development coupled with the work coming out of its Magic Machines™ AI Labs, a partnership among Lexalytics, the University of Massachusetts Amherst's Center for Data Science and Northwestern University's Medill School of Journalism, Media and Integrated Marketing Communications.

AI Assembler Features
AI Assembler is an efficient pipeline for building machine learning-based, artificial intelligence applications for natural language processing. With AI Assembler, Lexalytics is now providing enterprise customers with the same tools to accomplish tasks like raising the accuracy of Named Entity Recognition by 25 percent in a fraction of the time it would take with standard industry technologies. AI Assembler includes:



  • Multiple curated, machine learning algorithms ideal for analyzing a wide variety of text data, from short, jargon-filled tweets, to long, technical contracts and research papers;
  • Fully automated hyperparameter optimization of the machine learning algorithms with the best research built-in, allowing for faster, more reliable and simpler model building;
  • Operationalized AI incorporating standard processes (logging, undo/redo, maintenance of gold-standard test sets, structured maintenance and improvement of models, and rebuilding of independent models) to simplify, automate and enforce key procedural action items;
  • The ML Builders team of Lexalytics data scientists and machine learning experts to assist with customers' unique NLP challenges.

Semantria Storage & Visualization Features
Semantria Storage & Visualization gives customers a full-stack offering that connects Lexalytics' existing products -- AI Assembler, Semantria, Salience and Salience for Excel -- with a flexible search and reporting framework. Semantria Storage & Visualization features:

  • Rich filtering and search of processed content, enabling analysts to quickly sort out their desired content – great for running regular reporting or for custom analysis;
  • Content storage and aggregation with the capability of storing billions of documents in one place;
  • Reporting and graphical representations of data insights to enable sharing across teams and departments, including templates for Tableau and other leading BI platforms.

Supporting Quotes
According to the Gartner report, Hype Cycle for Data Science and Machine Learning, 2017, “The surge in data volumes, together with the increasing need to make sense of the underlying context of data, has fueled the evolution of text analytics. Another strong driver is the desire to complement insights gleaned from analysis of structured numerical data with text-based facts for more robust predictive modelling. Future technological advances could lead to highly automated solutions capable of accurate and deep understanding of contexts."* Lexalytics was cited as a Sample Vendor under the text analytics category in this report.

“Lexalytics is the only vendor we've seen that can offer the flexibility that is required to support our complex product line," said Csaba Dancshazy, senior market research manager, Microsoft. “We're working closely with both their technology and services organizations to push the bounds of what can be accomplished with social data.They have contributed to methodology with their expertise, and have been creative and responsive in the development of features to meet our needs."

“With today's announcement, Lexalytics is pioneering the field of ‘words-first' AI, offering our customers the same machine learning tools we use internally to power our text and sentiment analysis platforms, along with easy-to-use data storage and visualization tools to make the most of their data," said Jeff Catlin, CEO of Lexalytics. “As data volumes continue to skyrocket and language continues to evolve, our customers have been asking for new ways to continue adding features while maintaining the accuracy they've come to expect from us: these new solutions are the answer."    

Availability
Lexalytics AI Assembler and Semantria Storage & Visualization will be part of the overall Lexalytics Analytics Platform, which also includes Salience and Semantria API. For more details on AI Assembler, visit https://www.lexalytics.com/assembler. Semantria Storage & Visualization is currently available in limited access beta. To become part of the beta program, email sales(at)lexalytics(dot)com.

*Gartner, “Hype Cycle for Data Science and Machine Learning, 2017," Peter Krensky, Jim Hare, 28 July 2017.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Lexalytics®
Processing billions of words every day across more than 20 languages, Lexalytics is the industry leader in translating text into profitable decisions for social media monitoring, reputation management and voice of the customer programs. In addition, the Lexalytics Analytics Platform leverages leading-edge machine learning, artificial intelligence and natural language processing to allow enterprises across all industries to quickly, easily and cost-effectively create custom analytics solutions to address their unique data problems. Based in Boston, MA, Lexalytics has offices in the US and Canada. For more information, please visit http://www.lexalytics.com, email sales(at)lexalytics(dot)com or call 1-617-249-1049. Follow Lexalytics on Twitter, Facebook, and LinkedIn.

Read the full story at http://www.prweb.com/releases/2017/12/prweb15001322.htm.


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