Industry Situation
Building on the success of employing the analysis of structured data to help solve and prevent crimes, Law Enforcement and Government organizations are seeking to expand the scope of their analysis to include unstructured text data. While typically over 80% of all information available to an organization resides in text form, the analysis has till date been primarily confined to only structured portion of available data. Missing four out of every five bits of useful knowledge is a very high price to pay for the lack of efficient means for text analysis. An ability to perform in-depth analysis of text data could provide both corporate and government organizations with many new insights. Yet until recently, such analysis required significant manual labor of reading and coding text narratives - the process too slow and prone to errors. Today, new data and text mining technologies provide a next generation of tools for the analysis and visualization of both structured data and text. Such tools help increase the quality and productivity of the analysis and reduce the latency period between recording raw data and obtaining key knowledge necessary for making informed decisions.