Auckland (PRWEB) September 25, 2011
Today at the Rutherford Innovation Showcase Event, Pingar announced increased investment in research and development to accelerate innovation in transforming unstructured data into business intelligence, addressing a significant and growing business issue and providing competitive advantage to major enterprises worldwide.
The New Zealand Ministry of Science and Innovation has awarded funding to Pingar to commence a research project with Waikato University computer science department to automate the extraction of taxonomies from unstructured data in enterprises.
Pingar CEO Peter Wren-Hilton says “The joint research project with University of Waikato demonstrates Pingar’s position at the forefront of technology solutions that can transform unstructured data. Through the instantaneous creation of custom taxonomies, enterprises have access to an immediate structure for organizing and retrieving documents. This enables content to be searched and analyzed for information that contributes to greater business intelligence.”
Pingar will also incorporate the research conclusions into their growing range of business solutions that make it easier for enterprises to analyze the textual content for patterns in references to names, places, objects, language and inferred meaning, and more. Access to this information enables enterprises to meet compliance guidelines, rapidly share anonymous aggregate information and integrate currently unstructured information into business intelligence and analytics packages.
The Rutherford conference presents the very best of New Zealand technology based innovation and entrepreneurship. Pingar CEO Peter Wren-Hilton, will be joined by the Chairman, Pingar UK Advisory Board, the Earl of Erroll. The Earl of Erroll is a Hereditary Peer in the UK’s House of Lords and sits on the council of PITCOM (Parliamentary Information Technology Committee). He plays an active role in several ICT groups, especially those looking at regulatory issues involving communications, internet, personal identity and government data sharing.
“Investing in people and technology to continue to spur innovation that solves global business problems is a top priority for Pingar,” said Mr. Wren-Hilton. “Pingar combines advanced natural language processing, machine learning and semantic capabilities developed by our industry leading researchers to deliver easy to use tools for data management and business intelligence.”
Mr. Wren-Hilton also announced that Anna Divoli, a leading scholar of advanced text mining techniques and natural language processing, has joined the Pingar Research team, headed by Dr. Alyona Medelyan.
“Ms. Divoli has played a strong role in advancing the field of text mining and natural language processing and has published a significant body of knowledge on these subjects. Advancing her research will ensure Pingar continues to turn research into new solutions for information based businesses,” concluded Mr. Wren-Hilton.
Pingar has developed strong research relationships with universities in New Zealand, United Kingdom & China. Pingar Research Labs are based in Auckland, New Zealand and employs PHD researchers to develop new technologies. PINGAR India Technologies Pvt Limited in Bangalore provide additional development resource.
Pingar’s mission is to transform enterprise information into Intelligence by developing technology that harnesses the power of semantic search and natural language processing. This mission came from years of ground -breaking research in semantic search, machine learning and natural language processing at some of the most respected Universities in these fields. Pingar is headquartered in New Zealand with offices in Hong Kong, India, the United States and the United Kingdom. For more information please see http://www. pingar.com