|Factiva and Inxight Software, Inc. have announced a partnership that
provides companies with a unique and versatile system that automatically
organizes, manages, and maintains large amounts of internal and external
content. Through the agreement, companies can now automatically apply Factiva
Intelligent Indexing codes to their internal content to build a structured
collection of information, allowing for precision retrieval and automatic
cross-referencing of relevant external news to internal documents. Inxight
will initially sell the system.
The Factiva/Inxight offering consists of Factiva Intelligent Indexing
and Inxight's Categorizer and Thing Finder software products. According
to the announcement, Factiva Intelligent Indexing is a powerful set of
news-topic, geographic, industry, and company codes developed to categorize
Factiva's news and business information. Inxight's Categorizer is a system
that automates the tedious and expensive process of assigning documents
to appropriate categories, and Inxight Thing Finder is a software product
that allows users to identify and extract key content from documents.
"The way in which large organizations manage and leverage reliable external
news, business information, and internal content is a key source of competitive
advantage," said Clare Hart, president and CEO of Factiva. "By combining
Inxight's high-performance linguistic technology with Factiva's editorial
expertise, companies can now realize the benefits of supporting smarter
business decisions with well-structured, relevant content from both inside
and outside of the organization."
Factiva has provided Inxight with a set of training algorithms to accurately
apply Factiva Intelligent Indexing Subject Codes to a company's internal
content. Categorizer is capable of accurately coding more than 100,000
documents per day with Factiva's approximately 1,500 subject codes designed
to classify industries, geographic regions, and news subjects.
Additionally, Factiva offers a comprehensive list of approximately 50,000
public and 250,000 private Company Codes, which can be applied using Inxight's
Thing Finder entity-extraction software. The Factiva Intelligent Indexing
Company Codes are constantly maintained to reflect the changing landscape
of mergers, acquisitions, and newly formed companies.
Factiva Consulting, a team of developer and editorial experts, is available
to assist companies with the development of customized taxonomies and mapping
of the Factiva/Inxight system to any established internal taxonomy.
Source: Factiva, New York, 800/369-8474; http://www.factiva.com.