Text Analytics Market to Reach 5030 Million US$ by the End of 2025: Increasing in Demand Among Business Groups
Text analytics is a tool that applies sets of statistical, linguistic, and machine learning techniques, to analyze the text data gathered from social and enterprise sources. Text analytics extracts useful information from social, online, or enterprise data, in order to create valuable insights for business, research, and investigation. The text analytics software solutions are increasing in demand among business groups to automate the identification of entities, topics, events, concepts, and personal attributes, and streamline the decision-making and business optimization process.
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