Press Releases

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.”

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SPARQL City’s Benchmark Results Showcase New Possibilities in Enterprise Graph Analytics

Solution demonstrates 10x+ the performance while running on 100x the data

Enterprise meet Graph Analysis - SPARQLcity.comNoSQL Now 2014 & SemTechBiz 2014

San Diego – August 20, 2014 – SPARQL City, which introduced its scalable graph analytic engine to market earlier this year, today announced that it has successfully run the SP2 SPARQL benchmark on 100 times the data volume as other graph solution providers, while still delivering an order of magnitude better performance on average compared to published results.

SPARQL City ran the SP2 Benchmark against 2.5 billion triples/edges on a sixteen node cluster on Amazon EC2. Average query response time for the set of seventeen queries was about 6 seconds, with query 4, the most data intensive query involving the entire dataset taking approximately 34 seconds to run. By comparison, the best reported query 4 result by other graph solution providers has been around 15 seconds, but this is when running against 25 million triples/edges, or 1/100th of the data volume in SPARQL City’s benchmark test. This level of performance, combined with the ability to easily scale out the solution on a cluster when required, makes easy to use interactive graph analytics on very large datasets possible for the first time. Detailed benchmark results can be found on our website.

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Expert System Announces Two New Products at SemTechBiz 2014

Expert System LogoSAN JOSE, CA — (August 18, 2014) – Expert System US, Inc., a leader in semantic technology, today announced the launch of two new product solutions, Cogito Taxonomy Studio and Cogito Connected for Microsoft SharePoint, to their award-winning Semantic Solution Suite. The products will demonstrated at the 10th Annual Semantic Technology & Business Conference (SemTechBiz) in San Jose, CA.

The Cogito Semantic Solution Suite is based on an advanced semantic analysis engine and a complete semantic network that enables a “human-like” understanding of any collection of unstructured documents and text with speed, context and precision. Cogito exceeds the limits of conventional keyword technology and provides more effective management of the growing volume of information companies manage, turning it into accessible, inter-linked and usable knowledge.

The new Cogito Taxonomy Studio is a complete solution that addresses all of the steps in the process of creating and deploying a taxonomy to make all types of enterprise content and other strategic information more accessible. It addresses all steps in the process of creating and deploying a taxonomy to make all types of enterprise content and other strategic information more accessible. The new cloud-based solution will provide data-driven taxonomy node creation and development, taxonomy deployment, automated rules creation categorization rules optimization, and document categorization.

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Saffron Technology Raises $7 million in Series B funding

Saffron Technology LogoCary, NC, March 20, 2014 – Saffron Technology, a cognitive systems company helping Fortune 1000 businesses understand the value of transforming disconnected data into actionable knowledge, today announced that it has closed a $7 million Series B investment round. Funds are earmarked to accelerate business growth, including opening new global headquarters in Silicon Valley.

“Data becomes infinitely more powerful when you tie together its meaning from a multiplicity of disparate sources. Our patented Natural Intelligence Platform unifies all kinds of data – structured and unstructured – in real time, from a large variety of sources and continuously learns about the things in the data without the need for pre-determined rules or models,” said Gayle Sheppard, Saffron Technology CEO. “Now you can automatically see converging and other patterns to anticipate outcomes and prepare to act. These capabilities, combined with our customers’ success with Saffron, position us well for growth. With this additional funding, we will expand customer-centric next generation service teams, build a strong brand presence, create scalability across our business, and establish a Silicon Valley headquarters in spring 2014.”

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HTML5 Definition Complete, W3C Moves to Interoperability Testing and Performance

First Draft of HTML 5.1 Offers Glimpse at Next Round of Standardization

HTML 5 logo(Press Release) 17 December 2012 — The World Wide Web Consortium (W3C) published today the complete definition of the HTML5 and Canvas 2D specifications. Though not yet W3C standards, these specifications are now feature complete, meaning businesses and developers have a stable target for implementation and planning. HTML5 is the cornerstone of the Open Web Platform, a full programming environment for cross-platform applications with access to device capabilities; video and animations; graphics; style, typography, and other tools for digital publishing; extensive network capabilities; and more.

“The broader the reach of Web technology, the more our stakeholders demand a stable standard,” said W3C CEO Jeff Jaffe. “As of today, businesses know what they can rely on for HTML5 in the coming years, and what their customers will demand. Likewise, developers will know what skills to cultivate to reach smart phones, cars, televisions, ebooks, digital signs, and devices not yet known.”

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Nigel Shadbolt, Co-Director, Open Data Institute to Keynote SemTechBiz UK

Rising Media and WebMediaBrands, producers of the Semantic Technology and Business Conference – UK (#SemTechBiz), have announced details of this year’s event, the foremost conference series on semantic technologies.

Photo of Nigel ShadboltThis year’s line-up of speakers includes Professor Nigel Shadbolt, Co-Director, Open Data Institute. A former President of the British Computer Society, Professor Shadbolt has been involved in a wide range of entrepreneurial activities.  In 2009, together with Sir Tim Berners-Lee, he was appointed as information advisor by the Prime Minister to help transform public access to Government information. Professor Shadbolt will be delivering a keynote presentation on day 1 of the conference.

The 2012 Semantic Technology and Business Conference – UK will be held on 19-20 September at The Millennium Gloucester Hotel, 4-18 Harrington Gardens, London SW7 4HL.

Semantic Technology and Business Conference – UK brings together today’s industry thought leaders and practitioners to explore the challenges and opportunities impacting both corporate business leaders and technologists. The two day conference is packed with case studies and real-world perspectives, with insight and learning from global experts in technology, financial services, insurance, healthcare, publishing, government, automotive and enterprise data.

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#SemTechBiz Start-Up Contest – Deadline Extension and Judges Announced

Semantic Tech & Business Conference - San Francisco - Start-up Competition. Click Here to Apply!SemanticWeb.com and parent company WebMediaBrands recently announced a contest to earn the title of  “Top Semantic Technology Start-Up.” Today, we have two exciting announcements to make about the contest.

Deadline Extension

We have had several requests to extend the deadline, and are announcing today that we will now accept applications for the contest until April 30, 2012. We also learned of some applicants who encountered technical problems when trying to submit in the early days of the contest. We have fixed the code that caused these problems, and encourage all who experienced difficulties to try again.

Judges

We are also pleased to announce the panel of judges that will be at SemTechBiz evaluating the companies. It’s a great group, and we’re looking forward to a lively afternoon!

Photo of Michael Dunn, CTO, Hearst Interactive Photo of Jim Hendler, Professor, RPI Photo of Mark Johnson, CEO Zite Photo of Chris Shipley, CEO Guidewire Group

Left to Right, they are: Read more

Google Announces Updates to Rich Snippets

Google has announced two updates to rich snippets, the enhanced format that they announced in 2009 for displaying content in search results that use semantic markup.

The first update addresses an issue raised on answers.semanticweb.com in July of 2011. Prior to this update, only some places in the world saw rich snippets in their local results. Now product rich snippets is getting global support, meaning that users worldwide will be able to preview product information in the rich snippet. Here is an example from www.google.fr:

sample of rich snippet from Google France

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#SemTechBiz Start-up Contest – 3 Weeks Left to Enter!

Semantic Tech & Business Conference - San Francisco - Start-up Competition. Click Here to Apply!SemanticWeb.com and parent company WebMediaBrands recently announced that a competition will be held at the upcoming Semantic Technology and Business Conference (SemTechBiz) in San Francisco to select the “Top Semantic Technology Start-Up.” The contest begins with an online application process. Out of that pool of applicants, ten companies will be selected to compete in person and on stage at SemTechBiz San Francisco. There is no charge to apply. The ten finalist companies will need to register one individual, but for already registered attendees, there is no additional fee.

Requirements

SemanticWeb.com is currently accepting entrants from now until April 23, 2012. Companies encouraged to apply are those who meet the following conditions:

  1. have a demonstrable product (at least in “beta” stage) in the SemTech and or SemWeb space
  2. have received no more than a Series A round of financing

Companies can be located anywhere but must have the financial means to attend SemTech 2012. Ten Finalist companies will be selected to compete in a “Pitch Slam” before a panel of expert judges at the Conference. These finalists will be listed in an article at SemanticWeb.com.

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Announcement of Linked Data Basic Profile 1.0 Submission

In December 2011, the World Wide Web Consortium held “The Linked Enterprise Data Patterns workshop,” and that workshop ended with unanimous agreement that “the W3C should create a Working Group to produce a W3C Recommendation which defines a Linked Data Platform.”

In response to that call, SemanticWeb.com has joined experts from fellow W3C member Organizations IBM, DERI, EMC, Oracle, Red Hat, and Tasktop in submitting the “Linked Data Basic Profile 1.0” specification as a W3C Member Submission.  This specification defines a set of best practices and a simple approach for a read-write Linked Data architecture, based on HTTP access to web resources that describe their state using RDF.  The specification builds on the four principles Tim Berners-Lee used to define “Linked Data” and provides some new rules as well as clarifications and extensions to achieve greater interoperability between Linked Data implementations.

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