To improve strategic decision making, the most common applications enterprises are using are text mining, prediction markets, decision management and data visualization.
Chicago, IL (PRWEB) May 20, 2008
As a global leader in Predictive Analytics software, SPSS Inc. (Nasdaq: SPSS) will demonstrate and discuss its innovative text mining solution at the 4th Annual Text Analytics Summit in Boston, June 16-17, 2008.
SPSS will highlight its leadership and momentum in text mining with product demonstrations and discuss the latest text mining issues and developments on various conference panels.
Nucleus Research has found that SPSS text mining technology can reduce customer churn by more than 50 percent, and increase [business] analyst productivity by up to 50 percent*. According to Gartner Inc., "To improve strategic decision making, the most common applications enterprises are using are text mining, prediction markets, decision management and data visualization."*
With an estimated 80 percent of an organization's information contained in text, SPSS Text Mining for Clementine® software gives organizations a unique advantage to extract key concepts, sentiments and relationships in different languages from unstructured data. Users can easily extract additional insight from multiple channels - email, call center notes, blogs, RSS feeds and surveys - to reduce customer churn, improve productivity, detect fraud and increase marketing campaign results.
Olivier Jouve, SPSS vice president of corporate development, will be speaking on the following panels at the Text Analytics Summit:
- "Industry Technology Power Panel," Monday, June 16 at 12 p.m.
- "Expert Analyst Panel," Monday, June 16 at 2:15 p.m.
- "The Real Benefits of Text Mining," with Rebecca Wettemann from Nucleus Research, Tuesday, June 17 at 9:30 a.m.
For more information about SPSS text mining software, please read the white paper, "Meeting the Challenge of Text."
About SPSS Inc.
SPSS Inc. (Nasdaq: SPSS) is a leading global provider of Predictive Analytics software and solutions. The company's Predictive Analytics technology improves business processes by giving organizations forward visibility for decisions made every day. By incorporating Predictive Analytics into their daily operations, organizations become Predictive Enterprises -- able to direct and automate decisions to meet business goals and achieve a measurable competitive advantage. More than 250,000 public sector, academic and commercial customers rely on SPSS technology to help increase revenue, reduce costs and detect and prevent fraud. Founded in 1968, SPSS is headquartered in Chicago, Illinois. For more information, please visit http://www.spss.com.
1 "Guidebook: SPSS Text Mining," Nucleus Research, December 2007
2 "The Four Technologies Most Used to Aid in Strategic Decision Making," by Gareth Herschel, Gartner Inc., April 21, 2008.
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