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Why NLP Is a Promising Technology for Business
( go to the article → https://datafloq.com/read/why-nlp-is-promising-technology-business/8402 )
In today’s fiercely competitive world, businesses must dig deeper and develop a greater understanding of customer preferences and market trends by applying innovative options like artificial intelligence and machine learning. As natural language processing technology continues to evolve into a robust, user-oriented tool, businesses find that NLP can guide their marketing and overall business strategies toward successful outcomes.NLP improves business intelligence in numerous ways but text analysis is its primary benefit. Raw textual data is often unstructured and is therefore unused by the very businesses that collect it. Until recently, it was nearly impossible to analyze unstructured textual data at scale. Today, NLP can make sense of raw data by detecting patterns across scattered text and then structuring patterns in a way that makes the data analytically viable.NLP in HealthcareThe success of the healthcare industry depends on accurate diagnosis, objective decision-making, the application of new and evolving knowledge and the use of predictive models to guide support services and medical personnel. When integrated with health IT systems, data mining helps to reduce subjectivity and improve diagnosis and treatment while improving predictive models. Once set in motion, data integrated healthcare IT systems are capable of improving responses to medical emergencies on ...Read More on Datafloq
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