(PRWEB UK) 10 April 2013
LT-Innovate, the Forum for Europe’s Language Technology Industry, today releases a report on the state of the Language Technology (LT) market, together with projections for the next five years. The future of the industry, says the report, will depend on LT becoming the critical enabling technology for the rapid emergence of Unified Communications, Unified Information Access and a Unified User Experience across the digital marketplace as a whole.
LT-Innovate has been working to promote Language Technology as a key enabling technology for Europe's Digital Single Market. By automating the complex processes involved in managing linguistic content, spoken interaction and language translation, Language Technology can deliver a major boost to competitiveness in the global marketplace. Now that social media, the cloud, mobile and big data are transforming the IT ecosystem, language technology is poised as the missing piece in the great digital puzzle.
The report can be downloaded at http://bit.ly/13UAaST
What are Language Technologies (LT)?
LT is the branch of information technology that deals with natural language information. It can roughly be split into three segments: intelligent content, translation and speech technologies.
LT Innovate – The Forum of Europe’s Language Technology Industry
LT-Innovate gathers top executives of European companies developing products using intelligent content, speech and translation technologies. LT-Innovate was founded in January 2012. As of April 2013, it gathers 150 LT suppliers in 24 countries, as well as several dozens of other LT stakeholders. The European Language Technology industry generated an aggregate turnover of 19.3 bn € in 2011. LT is a very dynamic industry, with a yearly growth rate in excess of 10%.
LT-Innovate provides a collaborative platform through which members can:
- Stay informed with latest news, views and developments in the European LT industry
- Gain access to market analysts who will provide concrete data on the LT industry and forecast future trends
- Engage in discussions, identify opportunities and solve problems through collaborating in industry-driven Special Interest Groups (SIGs)
- Provide collective feedback to policy makers at national and European level to shape future policies and programmes.
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