Onvia has completed upgrading all of our clients to Onvia 7, and I’m excited that our clients can all now use our tag-based search technology to uncover more relevant search results, all while encountering less noise than if they used other traditional search methods.
Using natural language processes and a powerful ontology, Onvia 7 transforms huge amounts of government contracting data into meaningful, actionable commerce intelligence for buyers and sellers in the B2G (business-to-government) marketplace. We designed Onvia 7 to allow businesses of all sizes to more easily discover government contracting opportunity in the industries relevant to them, and for procurement professionals to gain insight into agency contracting trends.
Here are just a few examples of the ways that Onvia 7 and the Onvia ontology are making life easier for our clients.
Ontology Speaks the Language of Government Agencies
Onvia has a team of experts who have dedicated their careers to the study of government agency bid and RFP language. And that team has spent more than three years building a library of over 50,000 agency terms - the Onvia ontology.
What do we do with this library? Every day, Onvia sends over 5,000 bids through our natural language processing algorithms. The algorithms examine the bid/RFP title, description and even the document text. Based on what is read, the algorithms apply tags to the bids and RFPs. The result is that our clients don’t need to translate the complex, unstandardized language used by agencies, they just build searches using intuitive Onvia tags.
Our Ontology is Constantly Growing and Learning
We know that the world of B2G commerce isn’t static, and that the language agencies use constantly updates as purchasing trends evolve over time.
Our ontology team constantly updates our library of tags and evidence words – terms used to correctly categorize bids and RFPs - to match these trends. They add around 250 evidence words each month to the ever-growing ontology.
Onvia’s Exclusion Rule Removes Irrelevant Projects
The Onvia ontology is smart enough not to send food processing vendors a contract for “iPads” just because the word “Apple” is mentioned in the project 15 times.
We employ natural language processing that uses key exclusionary words when applying tags, reducing the amount of irrelevant, out-of-scope projects that show up in each search. Clients get to spend less time filtering through noise and more time discovering government opportunities in their specific industry.
We Handle and Correct Agency Mistakes
Government agencies aren’t perfect. They issue bids and RFPs with typos on a frequent basis. And if you are using a keyword-based search, you might miss out on those projects.
But we have our clients covered. We’ve seen all of the common typos included in contracting documents. Even better, we have built them into our ontology. So if we come across a bid or RFP with a typo, we can still apply the correct tag and our clients can still find the project.
As we move forward into 2017, our clients can feel confident in the knowledge that they are using some of the most advanced tools available to expand their commerce opportunity. And we will continue to develop ways for our clients to track the most relevant leads to succeed in the B2G market.
SVP Product, Onvia