Signals Analytics Awarded Wide-Ranging Patent Grant for Automatic Extraction of Information from Unstructured Data Sources

NEW YORK, Sept. 29, 2020 /PRNewswire/ — Advanced analytics platform Signals Analytics at present publicizes a wide-ranging patent grant from the U.S. Patent and Trademark Office for the automated extraction of knowledge from unstructured knowledge sources. The patent validates the corporate’s strategy to enterprise AI and analytics utilizing exterior knowledge at scale, whereas easing the deployment and knowledge administration processes which can be usually so tough for corporations to navigate. With the award, Signals Analytics is in a novel place to serve the fast-growing augmented analytics market, as extra shoppers understand {that a} configurable platform will in the end assist them succeed of their quest to be data-driven versus constructing a homegrown answer or outsourcing a customized analytic challenge that’s not versatile to assist the altering wants of a enterprise.

The continually shifting market panorama implies that new enterprise questions emerge regularly and to generate solutions and insights that may drive selections requires new knowledge sources and knowledge varieties, which have to be built-in into enterprise intelligence methods.  This course of requires database constructions and analytic fashions to be up to date, which presents main obstacles for enterprises that implement analytics, primarily as a result of typical analytic deployments should not constructed to scale and adapt.

As Gartner states in a current analysis report, Evolving the Capabilities of Analytics and Business Intelligence Platforms, “a data and analytics architecture that can collect new forms of data in a flexible manner increases its ability to respond to the demand from the business for new data sources that can deliver unique business insights.”*

When this doesn’t exist, corporations will usually both fall again both to older, handbook strategies of information assortment or they make additional investments in customized analytics tasks and groups, that are cost-prohibitive and take too lengthy to be impactful. This is essential as a result of research exhibits that corporations that do implement analytics efficiently are 23 occasions extra prone to purchase new prospects and 19 occasions extra prone to be worthwhile. With their cutting-edge superior analytics applied sciences and capabilities, together with these coated by this patent, Signals Analytics places these objectives inside attain.  

“While the need for data and analytics is well-established and budgets grow for these solutions, deploying advanced analytics ends up being very challenging for many companies and many analytic projects end up failing. Under standard frameworks, every time there is a new business question that requires new data sets to find an answer, software engineers have to write new code. This doesn’t scale when resources are so limited and market conditions change so quickly like they are now,” mentioned Yoram Landau, Vice President of Research and Development at Signals Analytics.

Take for instance, a typical state of affairs by which an organization decides they wish to analyze traits by gender. They would first want to alter the database construction to accommodate a brand new area. Then they should write code or create and prepare fashions that guarantee this new knowledge is ingested accurately into the sector and that the system understands the textual content nicely sufficient so solely the right knowledge is transferred. The code must deal with a steady move, indexing the info and mapping it accurately to the visualization instruments.  And lastly, all this must be examined with a number of knowledge feeds to make sure accuracy earlier than it may be deployed in a dependable method. With the capabilities of Signals Analytics which have been simply patented, this course of turns into far more streamlined. Now, the info analyst solely wants so as to add gender as a parameter within the visualization device, and the Signals Analytics system will mechanically return to the start of the info move and self-adjust, adapting the database construction and the taxonomy or current machine studying fashions to extract the gender info from the textual content and pushing the right info into the visible fashions, with none additional involvement of a growth workforce.

*Gartner “Evolving the Capabilities of Analytics and Business Intelligence Platforms,” Joseph Antelmi, 18 March 2020 (Gartner subscription required).

About Signals Analytics
With next-generation superior analytics, Signals Analytics powers the way forward for market intelligence with the size and pace of AI. The configurable knowledge platform connects and classifies numerous wealthy, exterior sources into unified contextual knowledge, and augments analytic functions with unparalleled accuracy and scale to floor granular traits and predictive insights. Patented machine studying, NLP and knowledge automation applied sciences leapfrog conventional approaches of information assortment and administration to assist organizations maximize the influence of superior analytics and harness the ability of exterior knowledge to drive profitable enterprise outcomes. Business customers, shopper and market insights groups and knowledge & analytics organizations leverage the platform to floor highly effective traits and predictive insights and profit from business-ready functions and integrations of the info into their enterprise intelligence environments.  Trusted by a powerful roster of worldwide manufacturers together with Procter & Gamble, Nestle, Johnson & Johnson, Bayer, Roche, Mars and others who expertise larger sustainable development, sooner time to perception and different data-driven advantages, Signals Analytics is redefining the world of market intelligence.  For extra info go to www.signals-analytics.com.

SOURCE Signals Analytics

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