Software Suppliers: LexisNexis Launches New Data Analytics Tool

LexisNexis®, a leading provider of information and analytics, has launched Nexis® Data as a Service (DaaS) to help companies power predictive analytics, machine learning and data initiatives to answer business-critical questions.

Big data technologies are only as effective as the data that powers them. Organizations that tap into more relevant, high-quality data can ask better questions, uncover valuable insights and improve decision making.

Nexis® DaaS offers data-driven organizations distinct and differentiated advantages to harness big data’s potential:

  • Comprehensive source universe—Access to petabytes of data including global print, broadcast, web news and social commentary, company and industry data, regulatory and legal data.
  • Optimal data integrations—Delivery via flexible APIs providing normalized, XML-based, semi-structured data.
  • Robust enrichments—Enriched with multiple feature extractors and metadata related to more than 7000 subjects and industries.
  • Experienced big data partner—45 years of experience with content aggregation and multiple patents on machine learning, clustering and other big data applications decades before mainstream use.

Nexis® Solutions President Todd Larsen notes, “Smart data discovery with Nexis DaaS is a powerful asset enabling companies to identify relevant datasets, decipher patterns, build and test models and distribute and operationalize data findings. This will save time and resources and allow companies to gain new insights from data more quickly and efficiently than ever before.”

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