re Text Mining for Science and Technology (S&T) Foresight and Opportunity Recognition
Hundreds of thousands of academic journal articles get published every day. That information glut is both the problem and an opportunity window. It is physically impossible any one person to scan "what's new?" or "what's related to what" in any field manually every day.... data mining software can narrow down the scope to a set of manageable issues.
From the over 500 data or text mining software offerings that are now the market, most are crap or too expensive for the insights that you are actually getting.
Recently however, I"ve spotted a few offerings that now incorporate algorithms that closely mimic some of the key cognitive skills in the opportunity recognition process.
Now I see that data mining has been used for discovering potential new treatments in the biomedical sciences (such as Multiple Sclerosis or MS, Parkinsons disease, Cataracts, Raynaud' s Phenomenon etc ) and for new tactics for water purification. I don't see any reason why the same strategy can't be used to look for new ways to solve energy problems, environemental problems, design problems, engineering problems or nanotech problems.
Has anyone seen other examples of or used text-mining software themselves as a strategy for open source innovation, S&T foresight or new technology or science discovery in their field?
Interested in the topic? I'll be running a Master Class in Opportunity Recognition and Data Mining in Toronto in May 2008...details to follow by next week.
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