This document provides an overview of foundational research propelled by text analytics. It begins with an outline that discusses text analytics in the big data era, information extraction systems and formalisms, foundational research challenges, and conclusions. It then discusses how text analytics has become important for applications like semantic search, life science mining, e-commerce, CRM/BI, and log analysis. It notes the need for database management systems and general-purpose development and management systems to facilitate value extraction from big data by a wide range of users and skills. Core information extraction tasks like named entity recognition, relation extraction, event extraction, temporal information extraction, and coreference resolution are discussed. Several formalisms for information extraction are presented, including X
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