November 1st, 2007 Curt Monash
CEO Eric Bregand of Temis recently checked in by email with an update on text mining market activity. Highlights of Eric’s views include:
- Yep, Voice Of The Customer is hot, in “many markets”; Eric specifically mentioned banking, car, energy, food, and retail. He further sees IBM backing VotC as text’s “killer app.” (Note: Temis has a history of partnering with IBM, most notably via its unusually strong commitment to UIMA.)
- Specifically, THE hot topics in the European market these days are competitive intelligence and sentiment analysis. (Note: I’ve always thought Temis got serious about competitive analysis a little earlier than most other text mining vendors did.)
- Life sciences is an ever growing focus for Temis.
- I confused him a bit with how I phrased my question about custom publishing and Temis’ Mark Logic partnership. But he did express favorable views of the market, specifically in the area of integrating text mining and native XML database management, and even volunteered that nStein appears to be doing well.
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Technorati Tags: TEMIS, nStein, IBM, text mining, voice of the customer
Posted in Application areas, IBM and UIMA, Investment research and trading, Mark Logic, TEMIS, Text mining, Voice of the Customer, Voice of the Market/competitive intelligence, nStein | 1 Comment »
October 17th, 2007 Curt Monash
I’m at the Business Objects annual user conference, and had a couple of chances to talk with Inxight/text analytics folks. When I asked about areas of commercial application traction, answers were similar to those I got from Attensity and Clarabridge, but not quite the same. Specifically:
- Voice of the Customer is definitely tops.
- Some of the other applications Attensity and Clarabridge mentioned appear as well (e.g., antifraud).
- Business Objects also has a couple of customers looking at text mining as an aid to medical records, e.g. by helping to catch errors in tabular-field coding.
- There are some projects in actual investment research/analysis/trading, e.g. in correlating news announcements and stock price movements.
The Business Objects/Inxight folks also made a couple of interesting general technical points.
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Posted in Application areas, BI integration, Business Objects and Inxight, Investment research and trading, Voice of the Customer | No Comments »
October 5th, 2007 Curt Monash
Besides asking them technical questions, I surveyed Attensity and Clarabridge last week about text mining application trends, getting generously detailed answers from Michelle De Haaff of Attensity and Justin Langseth of Clarabridge. Perhaps the most important point to emerge was that it’s not just about particular apps. Enterprises are doing text mining POCs (Proofs of Concept) around specific apps, commonly in the CRM area, but immediately structuring the buying process in anticipation of a rollout across multiple departments in the enterprise.
Other highlights of what they said included:
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Posted in Application areas, Attensity, Clarabridge, ClearForest and Reuters, Factiva and Dow Jones, Investment research and trading, Text mining, Voice of the Customer, Voice of the Market/competitive intelligence | 3 Comments »
October 5th, 2007 Curt Monash
Michelle DeHaaff, Attensity’s VP of Marketing, just introduced me to a nice phrase — Voice of the Market, obviously related to Voice of the Customer. As Michelle put it:
We’ve also expanded into what we call Voice of the Market data - providing a combination of analysis on external and internal data
- this is how we’ve heard our customers put it:
*Customer feedback comes in many forms……when customers don’t know you are listening (blogs, public web forums) it is important to hear what they say.
*When customers purposely tell you something (via emails, in surveys, captured in customer service notes) it is not only important, but expected….
The first of those would be Voice of the Market, while the second would be Voice of the Customer.
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Posted in Application areas, Attensity, Text mining, Voice of the Customer, Voice of the Market/competitive intelligence | 2 Comments »
July 22nd, 2007 Curt Monash
It was tough to judge user demand at the recent Text Analytics Summit because, well, very few users showed up. And frankly, I wasn’t as aggressive at pumping vendors for trends as I am some other times. That said, I have talked with most text analytics vendors recently,* and here are my impressions of what’s going on. Any contrary – or confirming! — opinions would be most welcome.
*Factiva is the most significant exception. Hint, hint.
If you think about it, text analytics is a “secret ingredient” in search, antispam, and data cleaning,* and this dominates all other uses of the technology. A significant minority of the research effort at companies that do any kind of text filtering is – duh — text analytics. Cold comfort for specialist text analytics vendors, to be sure, but that’s the way it is.
*I.e., part of the “T” in “ETL” (Extract/Transform/Load).
Text-analytics-enhanced custom publishing will surely at some point become a must-have for business and technical publishers. However, it appears that we’re not quite there yet, as large publishers make do with simple-minded search and the like. In what I suspect is a telling market commentary, there’s no headlong rush among vendors to dump text mining for custom publishing, notwithstanding the examples of nStein and (sort of) ClearForest. I don’t want to be overly negative – either my friends at Mark Logic are doing just fine or else they’re putting up a mighty brave front – but I don’t think the nonspecialist publishing market is there yet.
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Posted in ClearForest and Reuters, Factiva and Dow Jones, Mark Logic, SAS, Search and text storage, Spam and antispam, Text Analytics Summit, Text mining, Voice of the Customer, nStein | 1 Comment »
June 14th, 2007 Curt Monash
If there was one theme to this year’s Text Analytics Summit, it’s “Voice of the Customer.” Attensity’s pre-conference press release was about a Voice of the Customer offering. Clarabridge’s sponsored user talk was about a Voice of the Customer app. SPSS’s marketing materials emphasized Voice of the Customer. Sentiment analysis and Web/blog scraping were frequently mentioned, in contexts such as “customer care,” “reputation management,” and/or “competitive intelligence.”
But above all, it was “Voice of the Customer.” I know it’s till June, but I think we have our text analytics industry buzzphrase of the year.
Technorati Tags: text mining, customer care, voice of the customer
Posted in Attensity, Clarabridge, SPSS, Text Analytics Summit, Text mining, Voice of the Customer | 3 Comments »