NewswireTODAY - /newswire/ - London, United Kingdom, 2007/03/07 - A exclusive new white paper by Text Analytics expert Seth Grimes, president of Alta Plana, focusing on the constantly evolving text mining industry in Europe has been released - TextAnalyticsNews.com.

The report highlights the current opportunities for text mining technologies available to solution providers and end users and forecasts where the focus will be over the next 12 months in Europe.

The white paper, identifies text analytics applications of particular European interest, including a number the technologies that originated in Europe, examples of innovative research projects and forecasts technical and market developments. The white paper was commissioned by Text Analytics News (textanalyticsnews.com) in anticipation of the upcoming Text Analytics Summit in Europe (April 26–27, Amsterdam).

“European government and industry have long recognised the role technology can play in bridging language divides to promote social and economic integration and to create opportunities for extra-national, regional and international business” says Grimes. “The European Union sponsors many research programs, as do national and local economic-development agencies”.

Topics discussed include the expectancy for significant growth in Europe in integrated analysis of text and numerical data and the practical emergence of question answering as a high- end search product. Grimes estimates that “Europe is likely 30 to 40 percent of the worldwide text-analytics market”.

“Europe’s contribution to text analytics is quite out of proportion to the continent’s size and population comments Grimes. “European text analytics is holding its own in the international research community and the global marketplace and is evolving to meet rapidly growing and international demand”.

Agency / Source: Data Driven Business | TextAnalyticsNews.com

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