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Building of Text-Mining Models

  • Based on pattern recognition and genetic algorithms, the Term Model Wizard enables users to quickly and easily build text-mining models for automated data extraction; no prior programming or text-mining experience is required.

  • Praedea provides a set of financial data text-mining models for use in the extraction of financial data; users customize these models and build additional models to their requirements.

  • Users auto-extract and validate data from an initial set of documents.

  • Through the processing of additional documents the text-mining models are optimized to recognize additional data reporting patterns.

  • As optimization and re-optimization occurs, the text-mining models are capable of delivering near 100% extraction accuracy for financial table data and other consistently-presented textual data.

  • Text-mining models also apply “company-specific memory,” the ability to recall how specific companies report information, to further enhance accuracy.