Eastman Selects ClearForest to Turn Unstructured Data into a Competitive AdvantageEastman joins growing roster of ClearForest chemical industry customers New York, NY-(October 23, 2002)- ClearForest, a leader in transforming unstructured content into valuable business intelligence, today announced that Eastman Chemical Company (NYSE:EMN), has selected ClearResearch from ClearForest to quickly analyze critical intellectual property and competitive information from multiple sources, enabling Eastman to streamline its business decision processes and optimize its licensing opportunities. Eastman manufactures and markets over 1,200 chemicals, fibers and plastics products worldwide. To develop and bring its wide array of products to market, Eastman's researchers and marketers must regularly analyze multiple news feeds and vast repositories of intellectual property data from across the enterprise. Eastman needed a robust solution that could automate this laborious and time-intensive process, and enable them to quickly synthesize conclusions and act on critical data. "After studying the options for managing our unstructured data, we selected ClearForest because their ClearResearch and Clear Lab tools provide the most comprehensive approach to gaining insight into unstructured information," said Bill Phillips, Director of Technology Services for Eastman. "By taking advantage of the ClearForest solutions, Eastman will be able to quickly extract critical information from multiple news feeds and other sources, translating it into significant time and cost savings." ClearResearch operates across multiple industries to intelligently tag, analyze and deliver useful business intelligence from large document collections. ClearForest's hybrid intelligent tagging platform reads content from any source, and through semantic, statistical, and structural analysis, identifies concepts, facts and events. This creates an enhanced content base for users to readily analyze and act upon, using a variety of highly visual and interactive techniques. "At ClearForest, we aim to provide research intensive organizations, like Eastman, with a leading edge solution to make informed, strategic business decisions. Eastman's selection of ClearForest demonstrates that we have met that goal," said Barak Pridor, CEO of ClearForest Corp.
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