02 Jun 2016

FRAMINGHAM, Mass., June 2, 2016 – International Data Corporation ( IDC ) has published a 2016 IDC Innovators report recognizing pioneering players in the machine learning-based text analytics market. IDC Innovators are companies with under $50M in revenue that offer an inventive technology and/or groundbreaking new business model.

Cortical.io, Kira Systems, Loop AI Labs, NetBase, and Taste Analytics were all named as IDC Innovators in the machine learning-based text analytics market for 2016.

"Organizations are continually looking to improve their handling of data, especially unstructured data, given the explosion of information that is available via the Internet today," said David Schubmehl , Research Director, IDC's Content Analytics, Discovery and Cognitive Systems research. "Understanding and utilizing this human-generated data is a significant challenge for most organizations and the use of machine learning based text analytics is rapidly becoming the best approach to dealing with this type of data."

Loop AI Labs developed and is using an unsupervised learning-based cognitive platform that can be operated on large amounts of information to extract key information and attributes. Cortical.io has developed a text analytics tool using a new machine learning approach based on the way the brain processes information. NetBase developed an innovative social media listening platform based on the combination of machine learning-based text analytics and a more traditional rule and ontology based language models. Through the use of unsupervised machine learning, Taste Analytics is making both structured and unstructured data usable and actionable by business and organizational end users. Kira Systems is providing a highly automated contract review and analysis solution based on machine learning-based text analytics that requires little or no training.

** IDC Innovators: Machine Learning-Based Text Analytics ** ** , 2016 ** (IDC #US41312116) profiles select companies in the machine learning-based text analytics market with an innovative technology or a groundbreaking new business model or both.