Inxight Software, Inc. announced SmartDiscovery 4. In addition to significant enhancements to its existing search, entity extraction, categorization and taxonomy capabilities, the new version offers a fact extraction feature that “connects the dots” between the people, places and organizations referenced in text, allowing users to quickly discover non-obvious events and relationships. Inxight SmartDiscovery provides text analysis and discovery capabilities for applications ranging from information retrieval to data mining to trend analysis. SmartDiscovery 4 provides significant entity extraction speed improvements, as well as a new relevancy ranking option that determines an entity’s importance to a document as a whole. SmartDiscovery 4’s taxonomy editor now leverages the Inxight query language, providing more flexibility. Ease-of-use enhancements include an improved interface for taxonomy development and management and new document clustering methods for taxonomy creation. SmartDiscovery 4 also includes upgrades to its system administration and enterprise integration features, providing simple set up and configuration.