Linguamatics Puts Big Data Mining on the Cloud
From the post:
In response to market demand, Linguamatics is pleased to announce the launch of the first NLP-based, scaleable text mining platform on the cloud. Text mining allows users to extract more value from vast amounts of unstructured textual data. The new service builds on the successful launch by Linguamatics last year of I2E OnDemand, the Software-as-a-Service version of Linguamatics’ I2E text mining software. I2E OnDemand proved to be so popular with both small and large organizations, that I2E is now fully available as a managed services offering, with the same flexibility in choice of data resources as with the in-house, Enterprise version of I2E. Customers are thus able to benefit from best-of-breed text mining with minimum setup and maintenance costs. Such is the strength of demand for this new service that Linguamatics believes that by 2015, well over 50% of its revenues could be earned from cloud and mobile-based products and services.
Linguamatics is responding to the established trend in industry to move software applications on to the cloud or to externally managed servers run by service providers. This allows a company to concentrate on its core competencies whilst reducing the overhead of managing an application in-house. The new service, called “I2E Managed Services”, is a hosted and managed cloud-based text mining service which includes: a dedicated, secure I2E server with full-time operational support; the MEDLINE document set, updated and indexed regularly; and access to features to enable the creation and tailoring of proprietary indexes. Upgrades to the latest version of I2E happen automatically, as soon as they become available. (emphasis added)
Interesting but not terribly so, until I saw the MEDLINE document set was part of the service.
I single that out as an example of creating a value-add for a service by including a data set of known interest.
You could do a serious value-add for MEDLINE or find a collection that hasn’t been made available to an interested audience. Perhaps one for which you could obtain an exclusive license for some period of time. State/local governments are hurting for money and they have lots of data. Can’t buy it but exclusive licensing isn’t the same as buying, in most jurisdictions. Check with local counsel to be sure.