Natural Language Processing

Software algorithms designed to allow computers to more accurately understand everyday human speech, allowing us to interact more naturally and efficiently with them.

Dataconomy

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Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.
The amount of data generated each second in the banking sector will grow 700 percent by 2020.
53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.
62 percent of retail businesses see competitive advantages from information and analytics.
In a survey of approximately 700 business professionals, only 15% said their organization is currently very effective in delivering a relevant and reliable customer experience. In the same survey, only 3% of respondents said they are able to act on all of the customer data they collect; 21% say they can act on very little of it.
73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.
Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
40 percent of businesses say they need to manage unstructured data on a frequent basis.
More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.

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