Text analytics has recently burst on the scene as an important
technology to help companies understand and gain insight from
their unstructured information. The technology’s value proposition
is compelling and companies are starting to sit up and take
notice.
The technology is rapidly moving out of the early adopter
stage into the early maturing stage, with vendors reporting
growth rates of 30-50%. But as with any early maturing technology,
questions still remain as to what exactly text analytics software
is, how it works, and how companies are using it.
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