K-Praxis - Topic: Text Analysis & Text Analytics - Risk Management through Intelligent Public Records-based Text Analysis-Print

Risk Management through Intelligent Public Records-based Text Analysis
July 18, 2003

Last two fortnights saw a slew of high-profile acquisitions. But one acquisition - not well-covered by media - represents an interesting facet of intelligent information management market. Reed Elsevier acquired Dolan Media's public records business to expand the offerings of LexisNexis. This acquisition turns a spot-light on a market segment where text analysis and unstructured information management could play a major role: Financial, Credit and Regulatory Risk Analysis.....

In the month that saw Yahoo acquiring Overture and Reed Elsever acquiring Applied Discovery (a legal discovery company). Another prey of Reed Elsever's acquisition drive was Dolan Media's public records division. This division adds to an already interesting portfolio of products and services offered by LexisNexis.

Interestingly, this acquisition focuses on an opportunity in the form of risk analysis through intelligent public records text analysis. Public records management poses a new challenge for unstructured data management and text analytics vendors. Most of the vendors are still hankering after big fish like agency intelligence and other oblivious text data where as information types like public records - which offer very interesting actionable information required for risk analysis by various finance, credit and regulation related industries - still remain untapped.

Here are a few public records information types (mostly structured but contain a huge amount of unstructured textual data): Various Background Checks (Bankruptcy, Judgments, Liens, Lawsuits, UCCs); Information about People ( Death, Divorce, Marriage, Reverse Address, etc); information Professional Licenses ( DEA Registrations, FAA Airmen, Chiro Background Check, Dentist Background Check, Doctor Background Check); Assets (Aircraft, Real Estate, Watercraft, Find Lost Money, Shareholders).

Now it will be interesting to watch whether LexisNexis will use Dolan Media's public records business as just another expansion of its database-marking opportunity or will look beyond and start offering intelligent analytics-based applications to tap into this information base.

	Making sense of online textual information and information management technologies

	Risk Management through Intelligent Public Records-based Text Analysis July 18, 2003 Last two fortnights saw a slew of high-profile acquisitions. But one acquisition - not well-covered by media - represents an interesting facet of intelligent information management market. Reed Elsevier acquired Dolan Media's public records business to expand the offerings of LexisNexis. This acquisition turns a spot-light on a market segment where text analysis and unstructured information management could play a major role: Financial, Credit and Regulatory Risk Analysis..... In the month that saw Yahoo acquiring Overture and Reed Elsever acquiring Applied Discovery (a legal discovery company). Another prey of Reed Elsever's acquisition drive was Dolan Media's public records division. This division adds to an already interesting portfolio of products and services offered by LexisNexis. Interestingly, this acquisition focuses on an opportunity in the form of risk analysis through intelligent public records text analysis. Public records management poses a new challenge for unstructured data management and text analytics vendors. Most of the vendors are still hankering after big fish like agency intelligence and other oblivious text data where as information types like public records - which offer very interesting actionable information required for risk analysis by various finance, credit and regulation related industries - still remain untapped. Here are a few public records information types (mostly structured but contain a huge amount of unstructured textual data): Various Background Checks (Bankruptcy, Judgments, Liens, Lawsuits, UCCs); Information about People ( Death, Divorce, Marriage, Reverse Address, etc); information Professional Licenses ( DEA Registrations, FAA Airmen, Chiro Background Check, Dentist Background Check, Doctor Background Check); Assets (Aircraft, Real Estate, Watercraft, Find Lost Money, Shareholders). Now it will be interesting to watch whether LexisNexis will use Dolan Media's public records business as just another expansion of its database-marking opportunity or will look beyond and start offering intelligent analytics-based applications to tap into this information base.