How big is Big Data? The World Economic Forum says we’re approaching 44 zettabytes - and that number will only continue to grow. Put in perspective, this number reflects 40 times more bytes of data than stars in the observable universe, which begs the question: How can your organization extract meaningful insights from such a vast collection of data?
LexisNexis® began tackling this challenge a decade ago by developing a smart data process that turns the content in our world-leading database into “premium fuel” powering both our cloud-based research platforms and our Data as a Service offerings. SmartIndexing is our proprietary, rule-based technology that analyses and tags documents to help overcome information overload, helping users uncover actionable insights from data more efficiently. It leverages natural language processing, algorithmic semantic analysis, and supervised machine learning to classify data based on subjects, industries, companies, organizations, people, and places.