DENVER, Sept. 22, 2011 /PRNewswire/ -- AlchemyAPI (www.alchemyapi.com), a leading provider of natural language processing technology, today announced new relation extraction functionality and sentiment analysis updates to its popular text-mining web service.
AlchemyAPI is a SaaS platform that enriches textual content through automated tagging, categorization, linguistic analysis, and semantic mining. Available as both a free online API and commercial subscription service, AlchemyAPI is used by news aggregators, social media monitoring companies, and contextual advertising firms world-wide to understand, organize, and monetize online content.
"Relation extraction identifies facts, events, buying signals, targeted customer sentiment, and more inside raw text," stated CEO Elliot Turner. "We are pleased to add relation extraction to AlchemyAPI's significant arsenal of text analysis capabilities."
Designed to power a new breed of customer opinion tracking, automated lead generation, document analysis and data visualization applications, AlchemyAPI's relation extraction API processes natural language, converting documents and web pages into actionable, semantically enriched "Subject-Action-Object" data.
"AlchemyAPI also now offers directional-sentiment analysis," Turner continued. "This means understanding the source of an opinion and who or what it is directed towards."
Accurately following consumer sentiment is critical for many businesses, and AlchemyAPI's ability to identify the source and target of opinion statements provides a unique advantage for a variety of use cases. This functionality incorporates AlchemyAPI's named entity extraction, for accurate identification of the "Who", "What", or "Where" of an opinion statement.
Relation extraction and new directional-sentiment are available immediately to all AlchemyAPI users.
To learn more about AlchemyAPI, please visit: http://www.alchemyapi.com/
AlchemyAPI is a leading provider of semantic tagging and content-mining solutions, helping companies world-wide enhance, understand, and better-leverage their textual information assets. The AlchemyAPI web service provides publishers with the tools and capabilities necessary to compete in today's highly-interconnected global information economy. AlchemyAPI's content-mining platform provides advanced natural language processing and information extraction capabilities not found in competing solutions.
Media Relations: Shaun Roach