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By: Dr Fern Halper, Partner, Hurwitz & Associates Published: 4th June 2009 Copyright Hurwitz & Associates © 2009 |
I just got back from the Text Analytics Summit and it was a very good conference. I've been attending the Summit for the last three years and it has gotten better every year. This year, it seemed like there were a lot more end users and the conference had more of a business oriented approach than in previous years. Don't get me wrong—there were still technical discussions, but I liked the balance.
A major theme this year, as in previous years, was on Voice of the Customer applications. That is to be expected, in some ways, because it is still a hot application area and most of the vendors at the conference (including Attensity, Clarabridge, Lexalytics, SAS, and SPSS) focus on it in one form or another. This year, there was a lot of discussion about using social media for text analytics and VoC kinds of applications. Social media meaning blogs, twitter, and even social networks. The issue of sentiment analysis was discussed at length since it is a hard problem. Sarcasm, irony, the element of surprise, and dealing with sentiment at the feature level were all discussed. I was glad to hear it, because it is very important. SAS also made an announcement about some of its new features around sentiment analysis. I'll blog about that in a few days.
Although there was a heavy focus on the VoC type applications, we did hear from Ernst & Young on fraud applications. This was interesting because it showed how human expertise, in terms of understanding certain phrases that might appear in fraud, might be used to help automate fraud detection. Biogen Inc also presented on its use of text analytics in life sciences and biomedical research. We also heard what Monster and Facebook are doing with text analytics, which was quite interesting. I would have liked to hear more about what is happening with text analytics in media and publishing and e-Discovery. It would have also been useful to hear more about how text analytics is being incorporated into a broader range of applications. I'm seeing (and Sue Feldman, from IDC, noted this too) a large number of services springing up that use text analytics. This spans everything from new product innovation to providing real time insight to traders. As these services, along with the SaaS model, continue to explode, it would be useful to hear more about them next year.
Other observations
Here are some other observations on topics that I found interesting.
I think anyone who attended the conference would agree that text analytics has definitely hit the main stream.
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