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The ever increasing volumes of data is one of the biggest challenges enterprises face today. The reason there is so much data is because enterprises have information accumulated from various sources, and in diverse formats. What makes it important is the fact that it holds valuable insights that can be used by the business to make data driven decisions. And what makes analyzing it challenging is the fact that majority of it is unstructured, which makes it impossible to analyze it using the traditional keyword based method.

So, one may ask what is the solution. The solution lies in the new age enterprise search tools like 3RDi Search and Coveo have a text analysis API to analyze the most complex unstructured data to reveal the insights within. In fact, these are the tools an enterprise needs today to manage and organize the diverse forms of data that are collected. What makes such a software a good investment is the fact that it has powerful features built-in that cater to every text analysis and text mining requirements that organizations may face when dealing with enterprise data. Here are the key features that a new age text analysis API offers.

1] Recognition of Named Entities

A very important feature offered by new age text analysis APIs, named entity recognition is also known as entity recognition or entity chunking. It is a process that involves the classification of all the named entities present in the data, such as names of people, places, books, etc., into pre-defined categories. The names entities are extracted and placed under relevant categories. This is a very powerful feature to extract information from unstructured data real fast.

2] Detecting Semantic Similarity

Semantics is the technology involved in deriving meaning of unstructured data. Semantic similarity is a technology that classifies entities in unstructured data on the basis of their meaning, and it’s a very effective method to classify data and helps in quick analysis of unstructured data.

3] Sentiment Analysis

A powerful text analysis feature, sentiment analysis refers to analyzing a piece of content to derive the sentiment or emotion behind it. Using this technology, it is possible for the text analysis API to “understand” whether the piece of text depicts a sad or happy emotion. One of the key applications of sentiment analysis is the analysis of data derived from social media. This data can be analyzed to successfully understand what the users think about the brand or the product.

4] Natural Language Processing

Natural language processing or NLP is one of the key features required for effective text analysis. NLP helps the software to understand and process the natural language spoken by human beings. Without NLP technology, users are required to interact with machines through a language understood by machines. However, NLP can make it possible for humans to interact with machines directly and take inputs and provide outputs in the human language. Home assistant devices like Google Home are a good example of the application of NLP.

5] Extraction of Key Phrases

Another important feature of the text analysis tool is extraction of key phrases. There was a mention of named entity extraction in the previous section of the article, and here it is about extraction of key phrases. This technology is really useful in getting an idea about the theme or subject of the content, and you find it in every new age enterprise search tool.

The Final Word

That was about the most important features of a text analysis API. In addition to those mentioned here, there are a lot of other features that text analysis tools would provide. However, which software to choose depends entirely on the requirements of the organization.

What is information technology? It is an umbrella term that refers to any and all forms of technology that aids in the creation, collection, storage, exchange and management of information, in ways that benefits a business. The Internet plays a key role in IT and other devices used in IT include computers, phone systems, peripheral devices, servers, etc. Today is the digital era, and information technology is an integral part of every business across the globe today, and this is evident from the fact that every business today is dependent on computers for a major share of tasks and operations. In fact, the applications of information technology is vast in today’s business world, and includes everything from project management, data security, processing and analysis of information, developing databases, and information retrieval, among others.

IT solutions refer to the solutions that businesses need in order to ensure optimum functionality of their information technology infrastructure and make the most out of the information or data at their disposal. There are quite a few leading IT solutions firms that provide world class IT solutions. The Digital Group is one such firm that provides a wide array of IT solutions for every need of businesses and also there is Hexaware that is a fat-growing provider if IT services and solutions. There are many ways in which IT solutions can benefit a business and this article looks into the top 4 benefits.

1] Opens the Door for Highly Effective Communication

Communication is one of the most essential ingredients to a successful business, and this holds true for businesses across the globe and across domains. Be it communication with the clients or communication between members of a team, it should be effective in order to establish trust and streamline the workflow. One of the most important benefits of IT solutions, is that it offers various effective tools of communication, such as email, multimedia, conferencing, etc. Not just that, it also makes it possible for teams to communicate clearly and effectively even if they are not working in the same division. This encourages collaboration and ensures projects are completed on time.

2] Ensures Information is Accessible but Secure

The advent of IT has offered increased access to information that was not available earlier. However, with the sharing of information comes the need for information security, and there are IT solutions that are dedicated to enhance data security. One of the effective ways to prevent unauthorized access to data is through controlled access, whereby only certain people are allowed access to highly sensitive data. There are also highly advanced software to help businesses deal with threats and malware.

3] Increases the Efficiency of the Organization

The optimum implementation of IT solutions can help a business increase its operational efficiency by several times. This happens due to streamlined work flow systems and more effective collaboration between various departments within the organization. With the help of software that automates the tasks carried out by the different departments, it becomes possible for the employees to achieve more in less time, thus enhancing the efficiency.

4] Helps the Business Gain a Competitive Edge

There are several ways in which the right set of IT solutions can change the way businesses operate and this can help the business stay ahead in the highly competitive market. There are IT solutions that can help companies to develop new products faster, study the requirements of the market, and offer enhanced customer service. Also, it reduces the cost of operations, which allows the company to invest the amount in strategizing and in formulating ideas for business success.

Conclusion:

The advent of IT solutions has completely automated the business operations and it has become easier to complete tasks faster that would take ages earlier. The future holds even more possibilities and this only means the future generations will get to witness even greater miracles of IT in their business as well as their daily life.