Many life science companies are using text mining to gather important insights from vast amounts of published information. Researchers use text mining to extract assertions, facts and relationships from text, for purposes of identifying patterns or relations between items that would otherwise be difficult to discern. The results of mining projects inform a wide range of business activities including drug discovery, drug interactions, clinical trial development, drug safety monitoring and competitive intelligence.

If your organization has not yet pursued text mining, here are three reasons to start.