Natural Language Processing Market - Global Market Database

 Natural language processing (NLP) is a branch of artificial intelligence that contributes to the understanding, interpreting, and manipulating of human language. NLP technology draws on a variety of disciplines to bridge the gap between human communication and computer understanding, such as computer science and computational linguistics. Computers can communicate with humans using this technology and scale other language-related tasks. The use of machine learning does not necessarily require syntactic and semantic knowledge. Market database states that the importance of this technology lies in its ability to help resolve ambiguity in language and add convenient numeric structure to the data for downstream applications, such as speech recognition and text analytics. 

Natural Language Processing Market


Recently, Toronto-based Klass Capital financed an Italian-based AI-driven data startup Wonderflow. According to the market database, today, enterprises that generate a large amount of unsolicited feedback are unable to utilize the data they have collected. Wonderflow's proprietary AI, can evaluate unstructured feedback, from a variety of sources, and assist businesses to improve customer experience. The analytics sector of Wonderflow focuses on Voice of Customer (VoC). Klass's partnership with them represents a significant step forward in global expansion plans. To maintain their leadership in Natural Language Processing, Prediction, and Narrative Insights, they will continue to invest in Artificial Intelligence.

Researchers, postdocs, and students at the ItaliaNLP Lab at the National Institute of Computational Linguistics pursue research on developing resources and algorithms for processing and understanding human languages, with attention to the Italian language.

According to the market database, the prime focus of the research is to design, develop, and test models, methods, and technologies for NLP technology spanning from probabilistic tagging and parsing, domain-specific information extraction, and adjustment to application-oriented responsibilities such as readability evaluation or native language description. Various international and national projects are being implemented through partnership agreements and participating in national and international initiatives focusing on different NLP challenges.

For more details:- https://globalmarketdatabase.com/natural-language-processing-market/

Comments

Post a Comment

Popular posts from this blog

Why Is Everyone Talking About The Green Evolution Of The Chemical Industry?

Image
  The Oil and Gas sector has been one of the most dominant supply verticals within the chemical industry. However, the total market has been shifting towards sustainable raw materials due to which the market for  green chemicals    has been booming during the past decade. The overall chemical sector has been returning to its bio-roots. What are Green Chemicals? Green chemicals provide higher performance as well as functionality while being environmentally viable throughout their entire life cycle. Some of these chemicals are degradable, they disintegrate into innocuous products and can be recovered for further use. One of the key examples of green chemicals is green solvents. They are derived from crops and are regarded as environmentally friendly alternatives to petrochemical solvents. One of the key examples of green solvents is  Ethyl Lactate  which is used for the processing of corn. The growth in overall adoption of sustainable chemicals is poised to boost the surge in demand for
Read more

Here's What Industry Insiders Say About Advancement In Packaging Material

Image
  According to the International Packaging Institute , Switzerland; packaging is defined as enclosure of a commodity in a wrapped pouch, bag, box, cup, tray, can, tube, or another container form to perform any or a combination of the functions given below. Following are the functions containment, brand communication, protection, preservation, information, and convenience. Major Players in Packaging Industry A few of the major players in the packaging industry are as follows. By market revenue, Ball Corporation is the largest packaging company in the world currently. It was founded in 1880 by five brothers and is headquartered in Broomfield, Colorado, US. They offer metal packaging products, especially for food and beverages. Mr. John Hayes is the current CEO.   International Paper Company headquartered in Memphis, Tennessee was incorporated in 1941. It is one of the leading manufacturers of fiber-based packaging. They have their operations across five continents; Asia, North
Read more

Software-Defined Security Market Research

Image
  Software-defined security (SDS) is a security model in which specialized software controls and manages information security in a computing environment. In software-managed, policy-driven, and governed security, most critical security controls are automated and monitored by software, such as intrusion detection, network segmentation, and access control. A key concern is how to implement and introduce advanced security mechanisms to protect their assets and networks. A Software-Defined Networking (SDN) controller has the capability of knowing the network topology and infrastructure. It also provides visibility into the traffic. As SDN logic and its architecture have evolved, controllers now offer integrated security functions as well. Among these functions are routing, firewall policies, and service chaining. These are implemented through the controller and controlled by software and applications.  According to the market database , this approach might utilize Network Functions V
Read more