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TECH SUPPLIER Jun 2019 - Market Perspective - Doc # US45213019

Lexalytics Profile: AI-Based Text Analytics for Developers

By: Hayley SutherlandSenior Research Analyst, AI Software Platforms, David SchubmehlResearch Director, Cognitive/Artificial Intelligence Systems

Abstract

This IDC Market Perspective analyzes Lexalytics, a company in the text analytics segment of the content analytics market, and reviews the five key success factors: market potential, products and services, customers, competitive edge, and corporate strategy. Leveraging IDC's expert understanding of the competitive landscape and future outlook, this document provides insight into a private company based on IDC's unique scoring system.

"Deriving insights from unstructured data continues to be a challenge in content analytics. Lexalytics is a good example of a vendor that is utilizing next-generation technologies to build natural language processing tools that meet the changing needs of software vendors," said Hayley Sutherland, senior research analyst, Artificial Intelligence Software. "There is a market opportunity for these kinds of tools, and Lexalytics is working to fulfill that need."


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