Micheal Dumiak reports, “In a quiet lane in Belarus’s capital, across from playgrounds and tower-block apartments, sits an old textile factory with a courtyard mural of a smiling Vladimir Lenin. Upstairs is something unexpected—60 programmers and artificial-intelligence researchers implementing algorithms and building databases for a sprawling semantic-search platform. This is what Ken Klapproth calls the ‘factory’ for the Invention Machine, a 20-year-old software firm in Boston (recently acquired by Colorado-based IHS) that specializes in natural-language processing. Klapproth leads product marketing for Invention Machine and is a solid supporter of Minsk’s IT scene.” Read more

Invention Machine, the company recently acquired by IHS, has announced “the latest release of Goldfire, the optimal decision engine. The Goldfire 7.5 release, now also available on iPad and Android Tablets, informs decision-making across the product lifecycle, helping organizations more rapidly arrive at optimal product decisions. Goldfire connects product development personnel, on-demand, to experts inside and outside the organization and to the internal and external knowledge and trends needed to develop, maintain, and produce market-leading products.” Read more

IHS has acquired Information Machine for about $40 million. According to the article, “Invention Machine is a leader in semantic search technology that uncovers relevant insights held within a wealth of internal and external knowledge sources, transforming the underlying data into actionable intelligence. Their patented semantic question-answering software engine leads engineers and knowledge workers to information quickly and enables them to rapidly digest it to make better decisions. As previously announced, IHS also has completed the closing of its acquisition of GlobalSpec Inc., from Warburg Pincus LLC for $135 million. GlobalSpec is the leading specialized vertical search, product information and global access point providing critical digital information tied to key Product Engineering and Design workflows for seven million engineers.” Read more

Invention Machine recently announced the latest release of their innovation intelligence platform, Goldfire 6.6. According to the article, “The latest release features enhancements that help companies build and foster a collaborative culture for accelerating innovative products and services to market. Goldfire 6.6 includes several feature enhancements to fuel innovation not only for Goldfire users, but also for other knowledge workers, managers, or executives involved in new product development and introduction processes. Any role needing to understand or remain current on the latest developments in the market, competition, state of the art in technology, progression of patents or IP, or maturation of their corporate product line will benefit from this release. Read more

Invention Machine recently reported on the shortcomings of traditional search and how deep semantics can help: “Yesterday, we hosted a webcast on the Future of Research and how Question Answering Technologies – and Deep Semantics, in particular – address the needs of the knowledge worker. The response was overwhelming. Hundreds of registrations for the event, a flood of responses to our pre-event survey and dozens of questions throughout the live broadcast.  Clearly, the topic of search – and the failure of traditional search – has struck a chord.” Read more

Invention Machine is doing their part to ease the woes of innovation workers. According to this article “up to 80% of research time (according to market research studies) is spent doing work that is similar to, if not the same, as work that has previously been done (often in one’s own organization), while only 2% of a researcher’s time is spent performing novel research.” Read more