Data is now one of the most valuable enterprise commodities. According to IDG’s State of the CIO 2020 report, 37 percent of IT leaders say that data analytics will drive the most IT investment at their organization this year.
While data comes in many forms, perhaps the largest pool of untapped data consists of text. Patents, product specifications, academic publications, market research, news, not to mention social feeds, all have text as a primary component and the volume of text is constantly growing. That’s why research firm Lux Research says natural language processing (NLP) technologies, and specifically topic modeling, is becoming a key tool for unlocking the value of data.
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Source: News