|Weekly News Digest
September 27, 2004 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.
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Verity Introduces New Integrated Extractor
Verity, Inc. (http://www.verity.com) announced the availability of its new Verity Extractor 1.0, software that identifies and extracts concepts, patterns, and entities in diverse enterprise content. Extractor has been built from the ground up to seamlessly integrate with Verity's flagship product, K2 Enterprise, a search, classification, and recommendation solution. Verity Extractor's ability to add structure to unstructured content means it can be stored in and managed by databases, thereby becoming usable by other enterprise applications. The most common information entities are ready to deploy right out of the box, and custom-built entities can be added.
The company says that Verity Extractor is a powerful tool in improving the accuracy of automated classification, making taxonomies easier to deploy. By using entities in addition to words and phrases, machine-learning algorithms are better able to match documents to categories.
Entities identified by Verity Extractor also can be used to enable Verity-faceted taxonomies, a capability that permits browsing through multiple taxonomies simultaneously, to locate the information intersection. Finding the relationships between the entities is made faster, more accurate, and valuable with Verity Extractor in such areas as insurance, risk management, or counter-terrorism analysis. The basic Verity Extractor package starts at $60,000.
Source: Verity, Inc.
Dialog Expands Dialog Choice Pricing Plan
Dialog, a Thomson business and provider of online information services and integrated information solutions (http://www.dialog.com), announced today (Sept. 27) that it has added databases of global intellectual property records and business information to its growing roster of content available through Dialog Choice, the company's fixed-fee enterprise subscription pricing plan introduced in February 2004 (see the NewsBreak at http://newsbreaks.infotoday.com/nbreader.asp?ArticleID=16518). More than 120 databases, provided by 62 information providers, are now available through the Dialog Choice plan (at launch it offered 70 databases from 40 providers). Dialog is continuing to work with its thousands of information providers to make additional content available through the plan.
New content sources recently made available for site licensing include 10 files offered by ProQuest Information and Learning, such as ABI/INFORM and Business Dateline. Business information files recently added to the Dialog Choice program include company data published in the American Business Directory and the Canadian Business Directory. The expanding Dialog Choice program comes as many corporations, government agencies, and other organizations are harnessing new technologies to implement enterprisewide information solutions.
EDGAR Online to Offer Reports in XBRL
EDGAR Online, Inc. (http://www.edgar-online.com) announced that it will be one of the first companies to offer access to comprehensive corporate financial reports in eXtensible Business Reporting Language (XBRL). This service will make it easy for users to import financials directly into their own software for comparison and analysis.
EDGAR Online participated in an effort led by the American Institute of Certified Public Accounts (AICPA) and the XBRL-US Consortium to develop description and classification taxonomies that assign a universal code to each line item in publicly filed financial statements. These taxonomies will be utilized in EDGAR Online's upcoming product enhancements. Currently, customers of EDGAR Online can access summary data in XBRL, but the new taxonomies will allow EDGAR Online to offer complete company financials in XBRL for all U.S. public companies. EDGAR Online will release the series of product enhancements over the course of the next 6 months.
The announcement was made in conjunction with the release of the U.S. Financial Reporting Taxonomy Framework, a family of XBRL taxonomies that is compliant with XBRL International's XBRL Specification 2.1. The taxonomies are available on the Web at http://www.xbrl.org/us/usfrtf/2004-08-15/TaxonomyFrameworkOverview.htm.
Source: EDGAR Online
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