AI-powered human-to-machine interactions are nothing new. Public organizations and businesses have been applying data science and machine learning technologies for a while. One of the quickest evolving AI technologies today is natural language processing (NLP).
A 2019 Statista report reveals that the NLP market will increase to 43.9 billion dollars by 2025.
*Revenues from the natural language processing (NLP) market worldwide from 2017 to 2025 (in million U.S. dollars)
Clearly, many companies believe in its potential and are already investing in it. Here are the most common NLP use cases in business:
Updated 3/25/2020: NLP-Powered Epidemiological Investigation
But why is NLP becoming so popular year-over-year? And what might that mean for businesses? These types of questions are fairly common. In this article, we’re going to take a deep dive into NLP, its use cases, and other relevant information that you may find useful.