Media intelligence provider Meltwater has announced its acquisition of the real-time data analytics platform powered by machine learning, Algo. Digital News Daily brought this interesting information to our attention in their article, “Meltwater Acquires Algo Media Intelligence Platform.”
In acquiring Algo, Meltwater has strengthened its media analytics and insights platform. Meltwater said Algo’s technology identifies trends from tens of millions of real-time data points and determines which information is spreading the most rapidly. It uses machine learning and natural-language processing to organize online semantic data.
This acquisition comes after several key artificial intelligence-based (AI) acquisitions for Meltwater. “In this day and time we are all drowning in data. Meltwater’s goal is to give our clients access to smart technology that can cut through the clutter and extract critical insights from billions of data points — data points which would be impossible for a human being to make sense of,” stated Jorn Lyseggen, CEO of Meltwater.”
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.