Monitor110 (now shut down) was a web monitoring service akin to our own Sentimine product, but with a Wall Street focus. They had developed an impressive prototype service that received some amazing press coverage. Several people — including one of the founders — are blogging like crazy about what went wrong, and I find it riveting.
One of my first impressions is that even with an investment of 20 million dollars, and a staff of dozens, they ran into several of the same key challenges we have, notably the difficulty of eliminating spam from results, and accurately tagging for sentiment (both issues we have been fortunate to solve quickly.)
It appears that since our engineers don’t believe that NLP is the default answer to most problems, we have avoided chasing the algorithmic chimera that others have pursued.
One thing we were sure of early on: if Google can’t solve the splog issue, it ain’t worth even trying…
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{ 2 comments… read them below or add one }
NLP Gyan 08.13.08 at 1:14 pm
Do you mean Neuro Linguistic Programming (NLP) or Natural Learning Process (NLP)
Steve Broback 08.16.08 at 1:12 pm
Sorry — I should have been clearer. I meant Natural Language Processing…