Analysis of sentiment analysis vendor Lexalytics Limited. Related subjects include:
As reported on the Lexalytics blog, sentiment analysis specialist Lexalytics has merged with the text analytics division of Infonic to form Lexalytics Limited. The deal seems to have a screwy financial structure — which Seth Grimes made a valiant effort to decipher (I think from vacation, poor guy) — as is common when companies much too small to be public wind up trading publicly anyway.
Text mining tools are just WONDERFUL at detecting idiom, sarcasm, and figurative speech … Yeah, right. I asked Lexalytics CEO Jeff Catlin whether his tool could do that kind of thing, and he looked at me like I’d just grown a third ear.
Actually, he didn’t. But just like every other sentiment analysis vendor I encountered at the Text Analytics Summit or spoke to beforehand, he made it clear that his tool could only handle straightforward, literal expressions of opinion. Idiom, irony, sarcasm, metaphor, et al. are beyond the current reach of the technology.
Aren’t you just thrilled that I shared that earth-shattering news with you?
I chatted with Lexalytics CEO Jeff Catlin at the Text Analytics Summit today. Lexalytics is a 14 person company, which represents a doubling over last year. Jeff thinks Lexalytics is on track this year to double again.
Lexalytics’ main business is OEMing sentiment extraction, e.g. to the many blog-analysis/reputation-management (i.e., Voice of the Market) companies that recently started up and in some cases have been bought by big market analysis firms. Lexalytics can and sometimes does extract the more basic stuff as well, but sentiment analysis is the heart of its business. A partial customer list can be found on the Lexalytics site. Lexalytics extracts in the English language only. Read more