Profile of Seth Grimes
News & Commentary Posts: 213
Seth Grimes is an analytics strategy consultant with Alta Plana and organizes the Sentiment Analysis Symposium. Follow him on Twitter at @sethgrimes
Articles by Seth Grimes
posted in August 2008
I spend a lot of time on teaching materials on text analytics: articles, presentations, and courses. I've gotten positive feedback about my introductory materials, which I designed for practitioners (like myself) rather than for academics or researchers. There are great resources out there — technical papers and white papers, case studies, software, etc. — but you have to get the basics down first...
Prabhakar Raghavan, head of Yahoo Research, says that Yahoo "will be
launching a new generation of search in two to three months... Search is going to move in a completely new direction." The initiative, per a Financial Express interview, will build on Yahoo's BOSS (build your own search software) platform, which implements a "self-service Web services model for developers and start-ups."
"Gaining traction" is a good description of Kognitio's Data as a Service message. Signs are that Kognitio's DaaS positioning is helping the company define itself and carve a niche in the crowded and dynamic data warehousing-analytics market. That positioning may need tighter focus, but focus will surely come as the company signs some of the prospects it has gained since its February North American launch.
Back in July 2005, I published a column titled "The Limits of Prediction" that addressed barriers to the adoption of predictive analytics. I've continued to think about the topic even as politicians come up with yet more wishful-thinking panaceas and business reports huge losses derived from foolish decisions. All those folks spend massive sums on IT and analytics. Why didn't they know better?
The Lexalytics-Infonic merger announced last week creates a company, focused on sentiment analysis, that is poised to compete with larger, established text-technologies vendors. The companies' market presence hasn't been huge, but the combined company should be worth more than the sum of the parts. Whether it will be worth enough to justify a $40 million valuation of the deal, which exceeds Infonic's $23 million market capitalization, remains to be seen.