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IHS Markit Adds One Million Industry Research Reports to Data Lake and Extends Support for Unstructured Data
In the latest enhancement to our industry-leading Data Lake, we have extended support for unstructured content using the latest natural language processing (NLP) technologies. Clients now have access to over one million research reports written by our respected industry analysts over the past 10 years and can easily search for relevant content by keyword or topic. The addition of NLP-driven unstructured data analysis within the Data Lake is empowering our clients to uncover business insights more quickly and effectively.
The Data Lake uses best-in-class NLP-based models and tools to automatically summarize and extract keywords from each research report to enhance search and discovery. Traditionally, searching for reports has been limited to author and title, but the NLP summarization enables a richer user experience, allowing clients to preview the reports via a synopsis prior to requesting full access. This innovative analysis technique can also be applied to clients' own unstructured data that they can onboard and catalogue within the Data Lake. If clients wish to further enrich the insights derived, they can overlay sentiment from our research reports with information acquired from structured data.
Figure 1: NLP-enabled summary of one of our banking risk reports
"While the majority of data created today is unstructured - think documents, social media commentary and emails - it is often an untapped resource," said Nehal Kenia, head of product for the Data Lake at IHS Markit. "When managed in the right way, unstructured data can deliver countless insights that help organizations make informed, data-driven decisions. At IHS Markit, we are sitting on a goldmine of insights in the form of our industry analyst reports, so we're excited to be able to add them to the Data Lake and make them discoverable to clients in such a user-friendly way."
The one million reports now available on the Data Lake cover all major industries, including transportation, energy and financial services. Written by our incisive industry analysts, economists and experts, they provide deep insight into the topics driving the economic and business worlds.
For more information on our Data Lake products, please visit our website: https://ihsmarkit.com/products/data-lake.html
IHS Markit provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.
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