"Referred to as both entity- and fact-based extraction, the technology complements search engines, content management systems, and portals by helping improve relevancy of results, according to analyst Laura Ramos, director of research at Giga Information Group, in Cambridge, Mass.
"The key thing here is this ability to pull specific words and phrases out of documents and automate figuring out what they mean," Ramos said."
"Another unstructured data management player, Inxight Software, is ramping up fact extraction capabilities in its SmartDiscovery information retrieval product, which combines natural-language processing, linguistics, and classification technologies.
Inxight's technology has gained strong traction within government agencies where it is often used to further counter-terrorism and intelligence efforts. The Sunnyvale, Calif.-based company this month signed 10 contracts worth $3 million dollars with the U.S. Department of Defense."