In a significant advancement for data accessibility, LexisNexis® Legal & Professional has introduced Nexis Data+, a unified API-based platform that enhances organizational access to high-quality data. This innovative solution brings together a vast array of licensed news content and company data, enabling organizations to make informed decisions supported by AI technology.
Transformative Features of Nexis Data+
Nexis Data+ provides seamless integration capabilities, allowing businesses to incorporate data easily into existing tools and applications. Organizations can now access a trove of over 23,000 licensed publications, delivering the largest collection of AI-approved news datasets in the industry. Notable names in the realm of journalism included in this offering are The Associated Press, Gannett, and Business Insider among others.
The platform not only covers news content but also encompasses an extensive range of data types critical for various industries. This includes proprietary legal data such as court dockets and settlements, compliance data like sanctions and watchlists, as well as an array of financial data essential for analysis by corporations and institutions worldwide.
Empowering Decision-making Through Data
Various sectors such as finance, consultancy, and academia are set to benefit significantly from Nexis Data+. With solutions tailored for AI model training, natural language processing, risk modeling, and more, organizations can leverage this comprehensive data repository to enhance their research initiatives and streamline decision-making processes. Dani McCormick, Vice President of Product for Nexis Solutions, emphasized that transparency and trust in data is crucial for the success of AI applications, underscoring Nexis Data+ as a reliable source for organizations embracing AI.
Prioritizing Data Enrichment
LexisNexis has focused on data enrichment as a pivotal feature of Nexis Data+. With a robust team of data scientists and subject matter experts, the firm meticulously normalizes and classifies data deriving from various sources to optimize its usability. Enhanced with metadata tags and sentiment analysis, Nexis Data+ facilitates quick access to relevant data, thereby minimizing time consumption and accelerating AI deployments.
A notable example of data utilization comes from the World Wildlife Fund (WWF), which is employing Nexis Data+ to tackle significant global issues like overfishing and habitat destruction. By analyzing international news to anticipate potential conflicts over fisheries, WWF can coordinate its conservation efforts effectively, adjusting strategies and mobilizing resources in real-time. Johan Bergenas from WWF remarked on the increasing risks surrounding fisheries and emphasized the importance of rapid response and resource allocation through data-driven insights.
In a world increasingly reliant on quality data and timely information, Nexis Data+ emerges as an essential tool for organizations aiming to unlock the full potential of their data, drive their AI initiatives, and contribute towards responsible decision-making in their respective fields. To explore more about Nexis Data+, visit
lexisnexis.com/data for detailed insights and additional resources.
About LexisNexis
LexisNexis® Legal & Professional has long been a pioneer in providing legal, regulatory, and business analytics, helping customers elevate productivity and decision-making across various sectors. With a presence in over 150 countries and a workforce exceeding 11,800 professionals, LexisNexis continues to shape the future of information-based analytics, enhancing the rule of law globally.