Mining for Text Treasure

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If there were any doubt as to why text-mining tool development for life science research should be the technology du jour, William Hayes, director of library and literature informatics at Biogen Idec, thinks that the numbers speak for themselves. "In the last 15 years, we've spent a trillion dollars on biomedical research, and almost all of our knowledge from that is captured in the literature — and we've barely scratched the surface of it," he says. "Our spend for content outmatches our spend on analytical tools by at least five to one."

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