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Introducing Nexis Data+: Elevating Data Access and AI Applications

LexisNexis® Legal & Professional recently launched a remarkable new solution named Nexis® Data+. This innovative platform is designed to simplify the way organizations access a vast collection of high-quality data and news through a single application programming interface (API). With Nexis Data+, companies can seamlessly integrate AI-enriched corporate, legal, financial, and compliance data along with generative AI-approved news content into their existing tools and workflows.

Expansive Data Repository

The Nexis Data+ platform provides access to more than 23,000 licensed publications, thus delivering the largest pool of Gen AI-approved datasets in the industry. This collection includes reputable resources such as The Associated Press, McClatchy, Business Insider, and more, allowing organizations to conduct comprehensive analysis with trusted information.

Bridging the Data Gap

In addition to licensed news content, Nexis Data+ offers proprietary and licensed legal data, compliance data, and extensive company and financial information. This multifaceted access enables various entities—including corporations, financial institutions, consultancies, and academic establishments—to leverage quality data in their research and analytical processes.

Empowering AI Initiatives

The integration of Nexis Data+ can significantly enhance AI initiatives, enabling businesses to train models, power natural language processing applications, and conduct predictive analytics among many other functionalities. For instance, it can assist in risk modeling and pattern discovery, improving firms' ability to make data-driven decisions effectively.

Dani McCormick, Vice President of Product at Nexis Solutions, emphasizes that Nexis Data+ is instrumental in enabling organizations to gain better insights, thus fostering confident, data-informed decision-making. The platform's structure ensures that users can swiftly implement AI solutions with reputable, transparent data sources steering their analyses.

Data Enrichment: A Key Focus

LexisNexis places a premium on data enrichment, which differentiates Nexis Data+ from other solutions. By employing hundreds of data scientists and experts, the company ensures that data is normalized, resolved, and classified effectively, enhancing its relevance and searchability. Consequently, customers can quickly utilize high-quality data reducing ingestion time and expediting AI implementations.

Case Study: World Wildlife Fund (WWF)

An excellent illustration of Nexis Data+ in action is its adoption by the World Wildlife Fund (WWF). The organization utilizes the platform to analyze international news and combat issues like overfishing and illegal fishing. By employing Nexis Data+ within its Oceans Futures platform, WWF aims to galvanize international coalitions and strategically allocate resources, highlighting the potential to drive global attention towards critical environmental issues.

Johan Bergenas, Senior Vice President of Oceans at WWF, highlights the escalating risks posed by disputes over fisheries and emphasizes the need for rapid mobilization of resources to address these challenges.

Conclusion

Overall, LexisNexis’ Nexis Data+ is transforming how organizations access and utilize data in their AI applications and decision-making processes. With its robust repository of credible information and seamless integration capabilities, Nexis Data+ stands out as a vital tool for organizations looking to harness the power of data more effectively.

For further information on Nexis Data+, visit lexisnexis.com/data.

About LexisNexis Legal & Professional

LexisNexis provides vital legal and business information empowering professionals across various sectors. Their commitment towards quality sets them apart in the field, facilitating better decision-making and outcomes globally.