Xtractica®
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As businesses look for new ways to compete in the market, the need for improved data interoperability is essential. Product Content and Data Management (PCDM) is the key to successful eCommerce and has been described by Gartner and others as the DNA of the value chain. Recent industry reports indicate that PCDM failure costs the US Automotive Industry $5 billion each year; the Electronics sector experiences an annual loss of $3.9 billion. The Health Care sector experiences another $11 billion in losses due to poor product data quality.
To overcome this data quality problem and ensure that clean, structured data is available to all members of the enterprise who need it, different representations of data must be transformed into a unified structure that complies with each enterprise’s commerce belief system. Many businesses rely on hybrid shops where a blend of classification technology and manual effort is utilized to clean and standardize their data. Others still depend on offshore content shops where data is cleaned manually at high cost per SKU.
XSB's Xtractica® solution provides a unique automated alternative to transform an enterprise’s content into information that is clean, rich, timely, consistent and structured according to an enterprise specified commerce content belief system or ontology. We call this a Coherent View® - the essential content of e-commerce. It is vital for connecting customers with the information they need and is critical to enterprise analytics including: demand forecasting, spend analysis, supply chain management, manufacturing process design and the comparative analysis of company performance.
The Xtractica® PCDM software system is the result of over $15 Million in software research and development. Xtractica® makes data from different sources coherent by resolving data inconsistencies and normalizing the data according to a uniform schema (ontology) or standard. The tool combines advanced automated tools for data acquisition, classification and cleaning. Xtractica® enables domain experts to collect both semi-structured and unstructured data from the World Wide Web, PDF, text documents and legacy data sources and organize this data into a structured Coherent View® that may then be used for querying and in-depth reasoning.
Recent tests confirm that Xtractica® reduces the cost of PCDM by an order of magnitude over alternative market solutions.