Information Analytics

Nuix has entered into an agreement to acquire all the shares in Topos Labs, Inc. (Topos) a developer of Natural Language Processing (NLP) software that helps computer systems better understand text and spoken words at speed and scale.

The latest Gartner Hype Cycle for Artificial Intelligence (AI) shows a large number of AI technologies are set to reach mainstream adoption within 2-5 years, including edge AI, computer vision, AI cloud services, composite AI and machine learning. However, Gartner research also found that only half of AI projects make it from pilot into production, and those that do take an average of nine months to do so.

As companies store more unstructured data, companies find that it’s taking an ever-bigger cut of the IT budget. That is forcing some firms widen the search for solutions that can help them better manage it, according to a new survey from Data Analysis form Komprise.

Tata Consultancy Services (TCS), the global solution provider, has released a new version of TCS MasterCraft DataPlus, with a self-guided approach to building data privacy and data quality processes and Machine Learning (ML)-based sensitive data attribute discovery.

Litera has announced the acquisition of Kira Systems (“Kira”), a developer of machine learning contract review and analysis software. This follows the recent purchase of Australia’s DocsCorp and its suite of software and services for document professionals who use enterprise content management systems.

Cortical.io has announced the release of Contract Intelligence 4.5, an artificial intelligence software that automatically and accurately searches, extracts, classifies and compares key information from agreements, contracts, and other unstructured documents like policies and financial reports. Contract Intelligence uses Natural Language Understanding (NLU) to analyse relevant information from large quantities of documents quickly and with an accuracy that is difficult to achieve at scale with manual labour or with other contract analysis tools.

With the pandemic pushing life further online and remote work becoming the norm, companies face growing risks and challenges with “dark data” – data collected and stored but never used. Much of this “dark data” hides in documents, spreadsheets and content scattered across the enterprise on shared drives, Microsoft 365 and SharePoint. 

Businesses live by their processes—the prescribed sets of actions their employees take to get things done. When processes run well, the business runs well. When processes run poorly, the business risks a host of hazards, from loss of revenue to customer dissatisfaction to compliance violations. Most businesses have a general idea of how their processes should run, but lack insight into the day-to-day details of execution. Without this insight, how can they make improvements that yield real results?

Singapore-based Straive has announced the launch of its Straive Data Platform (SDP) focused on allowing organisations to derive actionable insights out of unstructured datasets. With its cloud-native and microservices-based architecture, SDP extracts and enriches data from any unstructured source and enables enterprises to harness the power of all data.

TDWI, a provider of education and research for analytics and data management, has launched a new online assessment tool for evaluating an enterprise’s level of data literacy. This questionnaire aims to objectively measure how well employees understand and interact with their data - and communicate the results of their analysis - enabling them to meet their organisation’s analytics needs.

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