IDC Innovators for the 2016 Machine Learning-Based Text Analytics Market

WIRE)--International Data Corporation (IDC) has published a 2016 IDC Innovators report recognizing pioneering players in the machine learning-based text analytics market. IDC Innovators are companies with under 50M in revenue that offer an inventive technology and/or groundbreaking new business model. Kira Systems, Loop AI Labs, NetBase, and Taste Analytics were all named as IDC Innovators in the machine learning-based text analytics market for 2016. "Organizations are continually looking to improve their handling of data, especially unstructured data, given the explosion of information that is available via the Internet today," said David Schubmehl, Research Director, IDC's Content Analytics, Discovery and Cognitive Systems research. "Understanding and utilizing this human-generated data is a significant challenge for most organizations and the use of machine learning based text analytics is rapidly becoming the best approach to dealing with this type of data."