Welcome - 2011 Text Analytics Summit
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Welcome - 2011 Text Analytics Summit

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Welcome address presented by Seth Grimes at the 2011 Text Analytics Summit

Welcome address presented by Seth Grimes at the 2011 Text Analytics Summit

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    Welcome - 2011 Text Analytics Summit Welcome - 2011 Text Analytics Summit Presentation Transcript

    • Text Analytics: The Industry At A Glance
      Where We Are, Where We’re Going, and Your Text Mining Investment
      Seth Grimes
      @sethgrimes
      #TAS11
    • Where we are
      Ken Jennings, IBM Watson, and Brad Rutter play Jeopardy!
      https://secure.wikimedia.org/wikipedia/en/wiki/File:Watson_Jeopardy.jpg
    • Miles to go
      http://www.businessweek.com/magazine/content/04_19/b3882029_mz072.htm
    • Milestones [and goal(s)?]
      Language+ understanding.
      Text, speech, images, and video.
      Narrative, discourse, and argument.
      Information extraction.
      Knowledge structuring and integration.
      Inference; synthesis.
      Language generation.
      Conversation; interaction; autonomy.
      ≈> Convergence, a.k.a. Singularity
    • Singularity?
      Before we reach that point…
    • Text+ technologies today
      Text analytics, by generating semantics, bridges search and BI to turn Information Retrieval into Information Accessfor online, social & enterprise content.
      Information management
      Search
      BI
      Text Analytics
      Information access
      Integrated analytics
      Semantic search
    • Applications today
      Broadly grouped --
      Intelligence and counter-terrorism.
      Life sciences.
      Content management, publishing & search.
      Customer & market intelligence.
      E-discovery.
      Enterprise feedback.
      Law enforcement.
      Risk, fraud, compliance, and investigation.
    • Resegmenting the market
      Information Acquisition
      NLP (natural language processing) (including aaS)
      Information management & semantics
      Databases, repositories, content management systems • Information integration • Semantic Web
      Search-based/oriented applications
      E-discovery and compliance • Semantic search • Media & publishing • Advertising
      Enterprise applications
      Customer experience/relationship management and marketing including social • Market research and competitive Intelligence • BI and research • Online commerce • Life sciences • Intelligence
    • Market size
      I estimate a global, 2010 text-analytics market of –
      $15 million ≈ Information acquisition (TA part)
      E.g., 80legs, Informatica, ISYS Search, Kapow Software, Oracle.
      $455 million ≈ NLP, semantics & text analytics
      Installed & as a service, including vendor professional services.
      $35 million ≈ Information management applications of TA
      Companies such as EMC, IBM, MarkLogic, Open Text, and Oracle.
      $30 million ≈ Enterprise applications of text analytics
      Typically OEM TA licensees, e.g., Radian6, SatMetrix, Vovici.
      $300 million ≈ Search-based applications (TA part)
      Companies such as Autonomy, Cataphora, Dow Jones/Factiva, Elsevier, Endeca, FirstRain, Google, IBM, Lixto, Thomson Reuters.
      = $835 million.
    • Last year’s estimate
      I estimated a $425 million global TA market in 2009.
      • Up about 25% from $350 million in 2008, up in turn 40% from $250 million in 2007.
      Covers software licenses, vendor provided support and professional services.
      $(hundreds) million more value created by:
      Universities and research centers, especially in the life sciences.
      Government, particularly for intelligence & counter-terrorism.
      OEM licensees, for listening platforms, e-discovery, etc.
      Systems integrators and consultants.
    • Text technology initiatives
      Now and near future.
      Semantic search.
      Sentiment analysis.
      Listening platforms.
      Question answering.
      Text visualization.
      Web 3.0 & the Semantic Web.
    • Text technology initiatives, revisited
      But I used that list last year! Revising very slightly:
      Semantic search.
      Sentiment analysis.
      Lots of market confusion, including from some folks at TAS11.
      Listening platforms.
      Question answering.
      Text visualization.
      Web 3.0 & the Semantic Web.
      Ronen Feldman, Bar-Ilan University and Hebrew University: “Text analytics [is] driving the Semantic Web” (2006).
      Copious European government research funding, coupled with wishful thinking, is driving the Semantic Web.
    • Text technology initiatives++
      Now and near future.
      Beyond-polarity sentiment analysis.
      Emotions, intent signals. etc.
      Entity/identity resolution & profile extraction.
      Online-social-enterprise data integration.
      Semantic data integration, Complex Data.
      Speech analytics.
      Discourse analysis.
      Because isolated messages are not conversations.
      • Rich-media content analytics.
      • Augmented reality; new human-computer interfaces.
    • Where to?
    • And Your Investment?
      Robust growth across applications.
      Technical innovation.
      New frontiers.
      Consolidation and emergence.
      Opportunity
      You have two days to learn more!
    • Text Analytics: The Industry At A Glance
      Where We Are, Where We’re Going, and Your Text Mining Investment
      Seth Grimes
      @sethgrimes
      #TAS11