A golden vein (10 Jun 2004)
Numerous start-ups are also working in the area of text analytics, as the field is called. Randy Clark of ClearForest, one such start-up based in New York, points out that one of the most effective current areas for text analytics lies in semi-structured data, such as the notes taken by operators in call centres. Though the name of the customer may be present in a separate, structured field, the nature of his or her complaint is usually entered in unstructured prose in a different field. Analysing this text can help a manufacturer identify a product that is going wrong in a particular way and enable them to fix it. The bits of text in question are generally short and straightforward, and the topic is well defined, so NLP software has a good chance of interpreting it correctly.
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