Natural Language Processing

IBM Unveils First Watson Machine-Learning APIs

WatsonSerdar Yegulalp of InfoWorld reports, “Those who have been chomping at the bit to use IBM’s Watson machine-intelligence service with their apps need gnaw no longer. Watson APIs are now available for public use, albeit only through IBM’s Bluemix cloud services platform. IBM’s Watson Developer Cloud now offers eight services for building what IBM describes as cognitive apps, with more services promised later on.” Read more

IBM Watson Accelerates Global Expansion

watsonNEW YORK – 07 Oct 2014: IBM is announcing significant milestones fueling adoption of Watson and cognitive computing cloud capabilities on a global scale. Watson is a groundbreaking platform that represents a new era of computing based on its ability to interact in natural language, process vast amounts of Big Data to uncover patterns and insights, and learn from each interaction.

On Tuesday, October 7, IBM Watson Group Senior Vice President Mike Rhodin demonstrates Watson at work in its Client Experience Center at its new global headquarters at 51 Astor Place in New York City’s Silicon Alley. Read more

Watson Hopes to Speed Clinical Trial Research for Mayo Clinic

WatsonSean Hogan of IBM recently wrote in Forbes, “Clinical trial recruitment is a data-intensive task that typically requires clinicians and researchers to manually cross reference patient data with criteria for thousands of available clinical trials. Now, Mayo Clinic and IBM have plans to tackle this data-driven challenge with IBM Watson to quickly and accurately match patients with appropriate clinical trials. Using natural language processing and powerful data analytics capabilities, Watson will help Mayo clinicians quickly sift through millions of pages of clinical trial and patient data and complete this cumbersome process in seconds. The new Watson solution will help ensure that all eligible patients are considered for clinical trials and could help accelerate medical research.” Read more

IBM Watson Chief Mike Rhodin on What Watson Has Taught IBM

WatsonBarb Darrow of GigaOM recently wrote, “IBM’s Watson natural language query/cognitive computing prodigy was a huge PR coup for Big Blue. Three years ago, Watson defeated Jeopardy champ Ken Jennings on national TV and beat other challengers like a drum on a subsequent victory tour. (Ask Gigaom’s own Stacey Higginbotham about that sometime.) IBM rode that wave for years to show that despite its woes, it can still do really hard stuff. IBM wants Watson to be a $10 billion business by 2023. But, unfortunately for IBM, there is ‘not a lot of commercial application to playing Jeopardy,’ Mike Rhodin, IBM SVP for Watson, acknowledged at Emtech 2014 at MIT on Tuesday.IBM invested untold millions in Watson, so it’s now time for Watson to, in the tortured words of another Emtech presenter, become ‘a market-based solution’.” Read more

Healthline Launches New HealthData Engine

hitcJasmine Pennic of HIT Consultant reports, “Healthline, provider of intelligent health information and technology solutions, today launched its HealthData Engine to harness the power of structured and unstructured data to improve outcomes and reduce costs. The new big data analytics platform leverages the company’s market-leading HealthTaxonomy, advanced clinical natural language processing (NLP) technologies and semantic analysis to turn patient data into actionable insights.” Read more

Paxata Wins Ventana Research 2014 Technology Innovation Award for Information Optimization

paxataREDWOOD CITY, Calif.–(BUSINESS WIRE)–Paxata, the first unified Adaptive Data Preparation platform built from the ground-up to address the next generation of data integration, quality, enrichment, collaboration and governance needs for business analytics, was recognized by Ventana Research as the winner of the 2014 Technology Innovation Award for Information Optimization. Read more

Cortana Enhances Predictive Capabilities

cortana304x200Jason Mick recently blogged, “While iOS 8 should make Apple, Inc.’s (AAPL) Siri substantially smarter, Microsoft Corp.’s (MSFT) Windows Phone voice-controlled assistant Cortana currently enjoys a nice lead in natural language processing and the ability to interface with multiple apps to perform useful functions.

Cortana is a commercial product, but it’s also a bit of lab experiment for the folks at Microsoft.  During the 2014 FIFA World Cup, Microsoft showed off its increasingly sophisticated prediction algorithms, which correctly guessed 15 out of 16 winners in the knockout round stage.  Its sole mistake was picking Brazil to beat the Netherlands (whoops) for third place in the consolation match.”

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The Future of Intelligent Virtual Assistants? Consolidation

Photo of Nova SpivackSerial entrepreneur and thought leader Nova Spivack recently wrote for Gigaom, “When we talk about the future of artificial intelligence (AI), the discussion often focuses on the advancements and capabilities of the technology, or even the risks and opportunities inherent in the potential cultural implications. What we frequently overlook, however, is the future of AI as a business. IBM Watson’s recent acquisition and deployment of Cognea signals an important shift in the AI and intelligent virtual assistant (IVA) market, and offers an indication of both of the potentials of AI as a business and the areas where the market still needs development. The AI business is about to be transformed by consolidation. Consolidation carries real risks, but it is generally a sign of technological maturation. And it’s about time, as AI is no longer simply a side project, or an R&D euphemism. AI is finally center stage.”

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Contify Relies on NLP, AI, and Machine Learning for new Competitive Intelligence Platform

contifySugandh Dhawan of iamwire.com reports, “New Delhi based SaaS startup, Contify, has launched an enterprise grade competitive intelligence (CI) platform to cater to the large organisations dealing with the job of identifying, sourcing, curating, and disseminating critical business information, across several functions. Founded in 2009 as a content syndication business, Contify is a product company focused in the areas of machine learning, artificial intelligence, and natural language processing.  It offers an intelligence platform to enable businesses to monitor their competitors, customers and industries along with critical market variables that impact ones business.” Read more

Natural Language Processing Market Booms

Reports-n-Reports logoA recent press release indicates that, “The Natural Language Processing (NLP) market is estimated to grow from $ 3,787.3 million in 2013 to $9,858.4 million in 2018. This represents a Compounded Annual Growth Rate (CAGR) of 21.1% from 2013 to 2018. In the current scenario, web and e-commerce, healthcare, IT and Telecommunication vertical continues to grow and are the largest contributor for Natural Language Processing (NLP) software market. In terms of regional growth, North America is expected to be the biggest market in terms of revenue contribution. European and APAC region is expected to experience increased market traction, due to increasing adoption across various verticals and investment support in research projects from the regional government ”.

The release also states, “The major forces driving natural language processing market (NLP) are the growing demand for enhanced customer experience, increase in adoption of smartphone, leveraging big data and growth in machine to machine (M2M) technologies. Furthermore, in industries such as healthcare, BFSI, social websites and e-commerce channels have witnessed exponential rise in real time customer data and transaction information. NLP technology can leverage this unstructured data for analyzing customer needs, expectations and enhancing customer experience by optimizing cost effective lingual response system in organizational processes. By using NLP software solutions, organization can have better insights on customer’s perception, optimize business processes and reduce operational cost.”

Read more here.

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