Bristol-Myers Squibb Signs With LexiQuest, Inc. to Improve Intranet Functionality for the Pharmaceutical Research Institute.Business Editors & High-Tech/Health/Medical Writers NEW YORK--(BUSINESS WIRE)--Oct. 22, 2001 LexiQuest's Tools Will Speed Research Efforts by Enabling Natural Language-Based Search Bristol-Myers Squibb Bristol-Myers Squibb (NYSE: BMY), colloquially referred to as BMS, is a pharmaceutical corporation, formed by a 1989 merger between pharmaceutical companies Bristol-Myers Company, founded in 1887 by William McLaren Bristol and John Ripley Myers in Clinton, NY (both were (NYSE NYSE See: New York Stock Exchange :BMY BMY Bristol Myers Squibb ) has signed a contract with LexiQuest, Inc. the world's leading provider of linguistics-based, information retrieval information retrieval Recovery of information, especially in a database stored in a computer. Two main approaches are matching words in the query against the database index (keyword searching) and traversing the database using hypertext or hypermedia links. , software tools. LexiQuest's product will provide Bristol-Myers Squibb with a search system for the 5,000 knowledge workers using the intranet of the company's Pharmaceutical Research Institute. Incorporating proprietary Language Recognition technology, LexiQuest Guide enables searching based on everyday language, improving the overall ease of use of the site. In addition, by performing both a semantic and syntactic analysis of a query, LexiQuest's Guide is able to achieve a 300%-400% improvement in search accuracy over traditional keyword or Boolean-based searching ensuring that only relevant information is returned. Implementation of the system began in early October with a complete deployment expected in early January. To accommodate the highly specialized language used in pharmaceutical research and development, a team of linguists from both Bristol-Myers Squibb and LexiQuest will collaborate on the development of a unique lexicon (dictionary) for the pharmaceutical industry using LexiQuest's Build product to facilitate the creation of the new semantic network (data) semantic network - A graph consisting of nodes that represent physical or conceptual objects and arcs that describe the relationship between the nodes, resulting in something like a data flow diagram. . Work on the dictionary has begun using existing LexiQuest lexicons and is expected to finish by the end of the year. "The volume of available information today is a boon to researchers everywhere, yet without the ability to rapidly locate the relevant pieces, the search process itself has become a time consuming and frustrating exercise," said Stephen Highcock, Director of Integration Resources for Bristol-Myers Squibb. "By utilizing the technology from LexiQuest, we anticipate an immediate time savings in this critical task, reducing the overall development cycle and improving our time to market." "This contract is an example of the power of Language Recognition technology in helping firms efficiently compete in today's information economy," said Bruno Henry, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of LexiQuest, Inc. "We are proud that LexiQuest's people and products will be helping Bristol-Myers Squibb in their efforts to speed development of products which will enhance the quality of life for so many people." About Bristol-Myers Squibb Bristol-Myers Squibb is an $18 billion pharmaceutical and related health care products company whose mission is to extend and enhance human life. About LexiQuest, Inc. LexiQuest, Inc. is a provider of linguistics-based software for the management, retrieval and access of unstructured textual information. LexiQuest is the fruition of more than 20 years of landmark research and development in computational linguistics and Natural Language Processing Natural language processing Computer analysis and generation of natural language text. The goal is to enable natural languages, such as English, French, or Japanese, to serve either as the medium through which users interact with computer systems such as (NLP (Natural Language Processing) The capability of understanding human language. If the language is spoken, voice recognition plays an important role in converting the sounds to individual words. Then, natural language processing figures out what the words mean. ). Customers in markets including finance, IT, pharmaceutical and legal, employ LexiQuest products for applications including e-commerce, customer relationship management, search engine retrieval, corporate intranets and human resources. Among LexiQuest's customers are Bristol-Myers Squibb, France Telecom, Arthur Andersen, BNP Paribas, General Electric, Astra Zeneca and Banque de France Banque de France National bank of France, created in 1800 to restore confidence in the French banking system after the financial upheavals of the revolutionary period. Napoleon was one of its founding shareholders. . LexiQuest is headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Paris with offices in London, Brussels, Frankfurt and San Francisco. |
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