The company says its data extraction services will reduce time and labour costs of document data analysis and extraction, while improving the accuracy and insights available within the data.

It said this was particularly aimed at analysts in market research, law, insurance, healthcare etc who need to merge structured and unstructured data from their documents into a single, coherent database.

Lexalytics data extraction services uses Salience text analytics engine to give insights and automatically organise data into a format that includes features such as summarisation, sentiment analysis, intentions, named entity extraction, categories and themes.

Jeff Catlin, CEO of Lexalytics, said: “Lexalytics has been a leader in extracting insights from unstructured data for more than 15 years. This represents the first time we’ve brought this capability to the document data extraction market, and we’re excited to help companies go beyond what the current technology allows.”