Product Overview of Lexalytics
Lexalytics is a leading enterprise analytics service specializing in the analysis of unstructured text data. Founded in 2003 and headquartered in Boston, with additional offices in the U.S. and Canada, Lexalytics provides robust solutions that transform unstructured text into actionable insights.
Key Functionality
Lexalytics’ products, including the Salience, Semantria, and Lexalytics Intelligence Platform, leverage natural language processing (NLP) and artificial intelligence (AI) to analyze vast amounts of text data. Here are the key features and functionalities:
Data Processing and Analysis
- Lexalytics connects to customers’ internal and external databases, warehouses, and data firehoses to analyze comments, reviews, articles, emails, survey responses, contracts, and other unstructured text documents.
Core NLP Functions
- The platform includes a range of NLP functions such as language identification, tokenization, part-of-speech tagging, chunking, syntax parsing, and sentence chaining. These functions enable the software to comprehend complex sentences accurately and link related sentences within documents.
Advanced Analytics
- Key analytics capabilities include sentiment analysis, named entity extraction, theme extraction, categorization, intention analysis, and summarization. These features help in understanding consumer sentiments, identifying key entities, extracting themes, categorizing text, predicting consumer behavior, and summarizing long documents.
Multi-Language Support
- Lexalytics supports over 20 languages, including accented languages such as Portuguese and Spanish, allowing for global text analysis without language barriers.
Industry-Specific Configurations
- The platform offers pre-built industry configurations tailored for various sectors, including healthcare, pharmaceutical, financial services, and more. This ensures that the solutions are optimized for specific regulatory and operational needs.
Deployment Flexibility
- Lexalytics solutions can be deployed on-premise, in the cloud, or within hybrid infrastructure, providing flexibility to meet different organizational requirements.
Integration and Customization
- The software can be integrated into other applications as OEM software libraries and is highly customizable to fit specific business needs. It supports integration with Robotic Process Automation (RPA) platforms and other analytics tools.
Data Extraction Services
- Lexalytics offers data extraction services for semi-structured documents, which can analyze and structure documents from various formats (PDF, TXT, XML, HTML, Word) and export the data into standard ERP systems and Excel.
Regulatory Compliance and RPA
- The platform is particularly useful for regulatory compliance, helping companies in healthcare, pharmaceutical, and financial services to parse complex legal and medical documents accurately. It also enhances Robotic Process Automation by addressing text analytics use cases involving unstructured documents.
Social Media Monitoring
- Lexalytics’ NLP and machine learning capabilities transform social media data into structured insights, helping companies understand consumer opinions and conversations surrounding their products, brands, and services.
Delivery and Pricing
- Lexalytics solutions are available as software as a service (SaaS) and can be deployed behind a customer’s firewall (on-premise) or in any cloud model. The pricing model is based on a subscription, with costs varying by the number of processing cores, documents processed per month, document size, configuration complexity, and custom features such as custom machine learning models and industry configurations.
In summary, Lexalytics provides a comprehensive suite of text analytics tools that are designed to handle the complexities of unstructured text data, offering deep insights and actionable recommendations across various industries and applications.