News Archive
You are: Home > News & Events > News Archive > Text Mining Solutions utilises Technology Strategy Board Innovation Voucher to develop ground breaking visualisation program
Mon 31st March
Text Mining Solutions utilises Technology Strategy Board Innovation Voucher to develop ground breaking visualisation program
An Innovation Voucher presented by The Technology Strategy Board to Text Mining Solutions Ltd., which operates from York Science Park’s Catalyst building, has been utilised to initiate work on generating more value from text analytics and produce a new, ground breaking visualisation program called TMS Prospector.

After receiving the Innovation Voucher in October 2013, the company has worked with specialists from the University of Sheffield’s Computer Science Department to develop the new program, which sits on top of the records extracted by Text Mining Solutions’ existing text mining process.  It provides a simple to use interface for querying the data and produces easy to read, visual representations of the outcome. TMS Prospector can be used with any text data set which has been extracted using TMS searching services.
 
Steve Brewer, Director, Text Mining Solutions said: “In making best use of the power of text mining three key elements need to be combined: collecting, processing and visualising text data. The first two elements are addressed by a structured approach to searching and storing of data, but it is the third element – visualisation – which brings the results to life. By being awarded a Technology Strategy Board Innovation Voucher, we have been able to collaborate with the University of Sheffield to develop this new visualisation programme which we are now ready to take to market.” 
 
Steve continued: “The TMS Prospector system we have developed is very flexible and powerful in the way it handles data.  It helps to uncover hidden relationships embedded deep within the literature and is used by leading edge organisations, research scientists and information specialists looking to progress the knowledge in their given area of expertise. We are very excited about its potential and see it as filling a real gap in the market.”
 
One example of a visual correlation chart produced by TMS Prospector, entitled "Drugs and Things", shows the associations between key terms in a collection of 150,000 documents. Whilst looking at drugs (including medicines), it shows strong associations with herbs (constituents of many natural products), work (efficacy of medicines and workplace drugs monitoring), legislation and malaria, with malaria linking across to children. In 2012, malaria caused an estimated 627,000 deaths mostly among African children (WHO Factsheet 94).
 
Text Mining Solutions was established in 2011 and started life in York Science Park’s purpose built incubation space, Springboard.  In 2013 it took an office in The Catalyst and currently employs two people, with plans to recruit more as it develops.  It uses natural language processing technology and visualisation tools to aid discovery of new ideas, concepts and information to help its customers fully exploit their own information assets and those in the wider public domain, such as scientific journals, patents and other electronic records. It is currently working with organisations including Edwards Vacuum Pumps and the York Health Economics Consortium, and is focussing on working with clients in the scientific research and development and business intelligence sectors.
 
Tracey Smith, Managing Director of York Science Park, said: “Innovation Vouchers provide funding to enable businesses to work with external experts to gain new knowledge to help them innovate, develop and grow.  In this case the Innovation Voucher has been a real boost to Text Mining Solutions and the potential for the TMS Prospector is huge.  They are a brilliant example of the type of innovation and entrepreneurship that we see in so many businesses at York Science Park and we wish them great success for the future.”
 
Text Mining Solutions will be demonstrating TMS Prospector at an event run by York Health Economics Consortium at the end of April.  Whilst this event is already fully booked another event is scheduled for the Autumn. Please email yhec@york.ac.uk  to register your interest.  Steve is also happy to offer one-to-one demonstrations on request, and can be contacted via the website www.textminingsolutions.co.uk.
 
Businesses interested in applying for an Innovation Voucher can contact the Technology Strategy Board at www.innovateuk.org

Space for your business
Why York Science Park?
Your conference or meeting
Events at York Science Park