Natural Language Processing creates Value in the Enterprise

  • 9th Feb'21
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Natural Language Processing, or NLP, permits laptop applications to apprehend spoken language. It is a development in the subject of synthetic intelligence. The most important difficulty surrounding the incapacity of human beings and computer systems to engage seamlessly used to be a language barrier.

 


How is NLP used in business?

By utilizing Natural Language Processing (NLP). Through a set of techniques, NLP can be used to extract interesting patterns inside these specific varieties of textual content and different unstructured data, which can be of substantial commercial enterprise value. 

For example, companies are inundated with statistics of wealthy files such as commercial enterprise contracts, product documentation, pricing playbooks, and advertising and marketing campaigns, to title a few.

As these methods and operations evolve and mature, groups additionally need to derive traits and patterns to obtain insight, normally both extracting shape and that means from a textual content record or figuring out relationships and content material similarities that exist.

OpenGrowth suggests you refer these sites on How is NLP used in Business:

5 Business Uses for Natural Language Processing:

From a business standpoint, the most fundamental and important piece of unstructured data is text, and organizations have the potential to harness these text data assets, which are derived from both internal and external channels.To know more, Click here

How is natural language processing applied in business:

We have always heard “This call may be recorded for quality and training purposes” when we call the company’s call centres for required services. Although some calls are used for training purposes, these are even used to improve natural language processing algorithms. To read more, Click here

12 NLP Examples: How Natural Language Processing is Used in Business:

Natural Language processing and AI – AI technology for businesses is an increasingly popular topic and all but inevitable for most companies. It has the power to automate support, enhance customer experiences, and analyze feedback. To know more, Click here


Must Read: How to be an AI based entrepreneur

 

Advantages of natural language processing in artificial intelligence

NLP allows extra herbal conversations, greater environment-friendly operations, decreased costs, greater client satisfaction, and increased analysis. Creating an NLP chatbot or including NLP abilities to your current chatbot is simpler than ever before, with the blessings vastly outweighing the related costs.

It’s viable through desktop, getting to know and analyzing to extract significant patterns in textual facts and the use of methods in NLP. These strategies stem from textual content normalization – lowercasing, getting rid of end phrases and punctuations, textual facts – and have sturdy statistical and mathematical underpinnings.

A business enterprise can additionally reflect on consideration on the usage of software of NLP regarded as Conceptual Search. In Conceptual Search, textual content processing, language engineering, thought relationships, and search and facts retrieval are layered, to allow gleaning of the insights from the one-of-a-kind facts factors a block of textual content can offer.

OpenGrowth suggests you refer these sites on Advantages of natural language processing in artificial intelligence:

Business Benefits of Natural Language Processing (NLP):

Natural language processing (NLP) is useful for many reasons, from customer service and conversation analysis through to ordering and review systems. To know more, Click here

What are the Advantages of Natural Language Generation:

Almost every business today is looking to embrace AI and reap the advantages of its subsets with an intelligence-driven system that captures, processes and synthesizes data resulting in automated data analysis as well as content management. To read more, Click here

What are the advantages of Natural Language:

With natural language processing (NLP), computers can infer and analyze human language with more meaning than simply digesting and outputting programmed responses. In this sense, NLP offers greater use and interaction with humans and results in more natural conversations. To discover more about it, Click here

 

Also Read: Bringing a sense of touch to virtual reality


Final Thoughts: Natural language processing startups

Natural Language Processing startups are constructing in stature and utilizing its methods furnish decisive statistics which might also now not have been beforehand sensible with solely regular means. As agencies end up even greater saturated with exabytes of data, NLP may want to be the answer that units a new trendy for textual statistics insights.

OpenGrowth suggests you refer these sites on Natural Language Processing startups:

Natural Language Processing startups that you may be interested in the following:

Let’s take a look at some Natural Language Processing startups and influencers that you may be interested in following if you work in the field of Big Data - Click here

Top 45 Natural Language Processing startups - AI Startups:

To know all about these startups and gather trivia on them - Click here

List of top Natural Language Processing Startups:

This list of startups in the natural language processing space provides data on their funding history, investment activities, and acquisition trends. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. To read the list, Click here 

 

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We, at OpenGrowth, are continually looking for trending startups in the ecosystem. This was a blog on Natural language processing creates value in the enterprise. 
If you want to know any further information about the startup ecosystem or have any mind-boggling ideas, do refer to the other blogs at OpenGrowth. If you have any suggestions, do let us know in the comment section below. 


About the Author: Sudeshna Dutta

Sudeshna is an engineer in making. Apart from dealing with circuits and chips, she is passionate about playing keyboard and wants to attain professionalism in it with her talent coupled with hard work. She prefers the music of all tastes and genres.

 

 

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*Note: The content published above was made in collaboration with our members.

About the author:

Akanksha Singh (Editor) , OpenGrowth Content Team

The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups.


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