HERNDON, Va., July 19, 2016 /PRNewswire/ -- Global technology company Nuix and big data analytics company Teradata today announced they have formed a partnership to integrate Nuix's data processing and indexing engine with world-class 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, Business and Analytics Practice, Teradata Aster. "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 is the world's leading technology for normalizing data—turning 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 sophisticated text, machine learning, and pathing analytics to uncover deep insights that have been unachievable using either technology on its own.
Combining the capabilities of Nuix and Aster Analytics can turn many data types that organizations think of as liabilities into assets. Nuix and Teradata's initial joint activity will focus on offering a communication compliance solution in the financial services sector.
"For example, Aster's sophisticated analytics can look for words and phrases and then apply sophisticated analytical business rules to find compliance infractions or fraud," said Lea. "A human-driven investigative workflow would then leverage the results to audit the flagged documents to determine what actions to take. This example alone brings powerful new analytic techniques to investigate compliance infractions and fraud that cost companies millions of dollars per year in direct costs and fines if they go undetected."
There are many other potential applications for these technologies. Nuix's customers in investigation, litigation, cybersecurity, intelligence, and information governance professionals 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. "Organizations can leverage their investments in Nuix and Teradata to gain insights from all their data."
Teradata (NYSE: TDC, teradata.com) helps companies get more value from data than any other company. Teradata's leading portfolio of big data analytic solutions, integrated marketing applications, and services can help organizations gain a sustainable competitive advantage with data.
Nuix (www.nuix.com) protects, informs, and empowers society in the knowledge age. Leading organizations around the world turn to Nuix when they need fast, accurate answers for investigation, cybersecurity incident response, insider threats, litigation, regulation, privacy, risk management, and other essential challenges.