Natural Language Processing Applications
* Before reading through our piece on NLP applications, make sure to check out the previous installment of this series: “What is Natural Language Processing.”
What’s this about: Natural language processing (NLP) is one of the most widely used subfields of artificial intelligence (AI) thanks to its incredible ability to analyze and manipulate human language. Whenever you are interacting with chatbots and digital assistants, which are increasingly becoming part of our everyday lives, NLP is at play. However, its real-world applications don’t stop there as NLP is utilized in a wide range of industries like finance, healthcare, legal, insurance, and autonomous vehicles.
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With NLP, machines are trained to understand how human language works, and they do this by analyzing and processing massive amounts of data. NLP’s abilities have come a long way in a short time, and it makes our technological lives far more easy and efficient. Many people might not realize that when you begin typing a question into Google, and the search engine magically finishes it for you, that is the work of NLP.
Let’s take a look at some of the industries being disrupted by NLP:
- Finance: Investment banks and financial institutions have already been adopting AI and…
