December 9, 2005

The text technologies market 2: It’s actually in disarray

The text technologies market should be huge and thriving. Actually, however, it’s in disarray. Multiple generations of enterprise search vendors have floundered, with the Autonomy/Verity merger being basically a combination of the weak. The RDBMS vendors came up with decent hybrid tabular/text offerings, and almost nobody cared. (Admittedly, part of the reason for that is that the best offering was Oracle’s, and Oracle almost always screws up its ancillary businesses. Email searchability has been ridiculously bad since — well, since the invention of email. And speech technology has floundered for decades, with most of the survivors now rolled into the new version of Nuance.

Commercial text mining is indeed booming, but not to an extent that erases the overall picture of gloom. It’s at most a several hundred million dollar business, and one that’s highly fragmented. For example, at a conference on IT in life sciences not that long ago, two things became evident. First, the text mining companies were making huge, intellectually fascinating, life-saving contributions to medical research. Second, more than ten vendors were divvying up what was only around a $10 million market.

If text technology is going to achieve the prominence and prosperity it deserves, something dramatic has to change.


2 Responses to “The text technologies market 2: It’s actually in disarray”

  1. Text Technologies»Blog Archive » The text technologies market 3: Here’s what’s missing on December 11th, 2005 2:48 am

    […] The text technologies market should be booming, but actually is in disarray. How, then, do I think it should be fixed? I think the key problem can be summed up like this: […]

  2. The Monash Report»Blog Archive » How the text technology market could ignite on December 11th, 2005 10:18 am

    […] Over on the Text Technologies blog, I have a series of posts arguing that the potentially huge market for enterprise text technologies is being stifled by the lack of a general-purpose ontology management system. I further argue that such a product could be constructed in such a way as to be actually usable and potentially adopted by mainstream enterprises (no, you don’t need a trained librarian to use it). So what are the chances of something like this actually working out, to an industry-changing extent? […]

Leave a Reply

Feed including blog about text analytics, text mining, and text search Subscribe to the Monash Research feed via RSS or email:


Search our blogs and white papers

Monash Research blogs

User consulting

Building a short list? Refining your strategic plan? We can help.

Vendor advisory

We tell vendors what's happening -- and, more important, what they should do about it.

Monash Research highlights

Learn about white papers, webcasts, and blog highlights, by RSS or email.