Averbis and ONTOFORCE partner to unlock hidden insights and accelerate innovation in life sciences
80% of data is unstructured – the partnership will empower scientific researchers and data scientists to gain deeper insights from unstructured data sources.
ONTOFORCE, the provider of DISQOVER, a leading data and knowledge platform for the life sciences industry, and Averbis, the provider of INFORMATION DISCOVERY – an advanced natural language processing (NLP) solution, have announced a strategic partnership aimed at empowering life sciences companies to unlock the full potential of their data. By combining ONTOFORCE’s knowledge graph technology with Averbis’ NLP capabilities, the partnership will improve the capacity to mine and explore knowledge, ultimately leading to faster innovation and better patient outcomes.
“We are very excited to be working with ONTOFORCE. ONTOFORCE’s semantic technology enables more precise search and analysis of information, which adds significant value to customers in the pharmaceutical industry. The company has an impressive track record over the past few years, and we look forward to working with Valerie and her team to realize our joint vision: accelerating drug development for improved patient outcomes.”
Kornel Markó, Managing Director and Founder, Averbis GmbH
ONTOFORCE is a Belgian-headquartered software company specializing in semantic search technology and knowledge graph solutions designed exclusively for the life sciences industry. ONTOFORCE’s flagship product, DISQOVER, is a platform that enables data scientists and researchers to quickly and easily search, aggregate, and analyze vast amounts of scientific and biomedical data from private, public, and third-party data sources. DISQOVER provides a unique, user-friendly interface that allows users to visualize relationships between data, identify patterns and insights, and collaborate with peers. With more than 10,000 users, it’s deployed by many top pharmaceutical and biotechnology companies in the world.
“The combination of ONTOFORCE’s knowledge graph technology and Averbis’ NLP solutions as a fully integrated one-stop shop solution offers a powerful tool for life sciences companies. Through our partnership with Averbis, we aim to empower scientific researchers and data scientists to make better use of unstructured data sources and gain new insights that will ultimately lead to better treatments and better outcomes for patients.”
Valerie Morel, CEO of ONTOFORCE
The partnership between ONTOFORCE and Averbis addresses the challenge of unstructured data sources in the life sciences industry. Despite the wealth of data available, 80% of it is unstructured, making it difficult to extract insights and gain a comprehensive understanding of the data. The joint vision of the partnership is to empower scientific researchers and data scientists to gain deeper insights from unstructured data sources such as clinical notes, literature, and patents, as well as to accelerate innovation in the life sciences industry.
By augmenting DISQOVER with Averbis’ NLP capabilities, data scientists will be able to better explore and understand more relationships within the data and derive new insights that were previously hidden within unstructured data sources. These new capabilities are now available as part of the DISQOVER platform and are offered as an add-on, allowing customers to integrate their NLP results into other business applications and services.
To find out more on our partnership check out the official press release here, for more information on how you can benefit from AI-assisted text mining powered by Information Discovery click here.