Nuix Partners with Teradata for Business Analytics
Nuix and big data analytics company Teradata have formed a partnership to integrate Nuix's data processing and indexing engine with Teradata Aster Analytics. Using the Nuix Engine to extract text and metadata from hundreds of file types and millions of documents will provide valuable raw material for Aster's advanced analytics that deliver business and customer insights.
"Integrating the Nuix engine with Teradata Aster Analytics opens up exciting investigative analytic possibilities for our mutual customers," said Randy Lea, Americas vice president of the business and analytics practice at Teradata Aster, in a statement. "Nuix can ingest an unmatched breadth of unstructured formats such as email, archives, PDFs, and other documents and extract text and metadata for use in investigative analytics."
The Nuix Engine turns unstructured, structured, and semi-structured formats into searchable text and metadata. Organizations can use Nuix to extract information, perform first-level analysis, and promote the most relevant data into Aster Analytics. They can then apply Aster's text, machine learning, and pathing analytics to uncover deep insights.
Nuix and Teradata's initial joint activity will focus on offering a communication compliance solution in the financial services sector. Aster's analytics can look for words and phrases and then apply analytical business rules to find compliance infractions or fraud. A human-driven investigative workflow would then leverage the results to audit the flagged documents to determine what actions to take.
There are many other potential applications for these technologies. Nuix's customers in investigation, litigation, cybersecurity, intelligence, and information governance can use Teradata Aster Analytics capabilities to help them focus on the most important information and find the relevant facts faster.
"We're really excited that we can combine the power the Aster Analytics platform with the depth and breadth of data that Nuix can process," said Eddie Sheehy, CEO of Nuix, in a statement. "Organizations can leverage their investments in Nuix and Teradata to gain insights from all their data."
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