While NLP is very apparent in things like voice recognition technology, it is also used in a wide range of other situations, including OCR and text processing, statistical machine translation, and programmatic intent analysis. Natural language processing helps machines deliver better search results, more accurate anticipation of desired activity, and even the ability to detect stress in a person’s voice.
Natural language processing is an important element to enable machines to draw value, context, and meaning from a wide range of sources. It can play a role in social media marketing, and may also have applications in the legal industry, in medicine, and within the insurance and finance sectors to name only a few. Based on NLP capabilities, AI can transform unstructured data into usable information and valuable insights that power growth and success.