Photo credit: www.publishersweekly.com
has unveiled its latest offering, , a generative AI-powered platform designed to enhance the efficiency of “data-intensive research” and streamline “strategic decision making.” This innovative service taps into LexisNexis’s extensive collection of over 20,000 licensed news publications alongside vast corporate data repositories from renowned sources such as , , and .
“This product is fundamentally about boosting efficiency in the research process,” stated , vice president of product for . She emphasized the platform’s objective to alleviate the challenges of sifting through an overwhelming volume of information, addressing the common dilemma of determining where to begin research.
is equipped with a variety of features aimed at empowering users to swiftly search and interpret business, financial, and legal data. Its capabilities include summarizing lengthy documents, compiling and sharing relevant content, generating initial drafts of intelligence reports, uncovering significant data points, and providing “actionable business insights.”
The platform’s development has been collaborative, involving discussions with publishers from the outset. McCormick highlighted LexisNexis’s commitment to maintain high standards of authenticity and reliability in the information provided. “We believe we hold a competitive edge from the perspective of our publisher partners,” she noted.
Employing a multi-modal framework, utilizes technologies such as , from , and from to enhance its AI functionalities. Beyond summarizing results, the platform ensures the integrity of intellectual property by offering citations and direct links to original source materials, thus safeguarding publishers’ rights and facilitating proper compensation for the utilization of their content.
As , Chief Technology Officer for global Nexis solutions at , elaborated, the platform is built on a principle of retrieval augmented generation, focusing on delivering knowledge and accurate answers sourced from licensed content.
Before the official launch of , LexisNexis conducted a commercial preview program, collaborating with organizations across multiple sectors, including large enterprises, financial companies, and consulting firms to refine the platform’s features. Cherian highlighted the importance of developing a product that users can trust for their research needs, while also ensuring fair treatment of content creators.
Users can securely save results from their queries, and any documents uploaded for AI processing are not retained, reinforcing a commitment to user privacy. While the current iteration of focuses on information retrieval and summarization, McCormick suggested that future enhancements may include automated delivery of insights, indicating a strong trajectory towards further innovation.
In striving to balance cutting-edge technical advancements with a commitment to respecting the rights of content creators, positions itself as an appealing choice for both publishers and end users, distinguishing itself from emerging competitors in the field.
Source
www.publishersweekly.com
