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(IT-NEWSWIRE.COM, November 20, 2017 ) Text analytics has become vigorous for smooth functionality of business. Text analytics is still mainly an undeveloped science and holds several different approaches. Text analytics has become increasing important in various purpose such as classification of information, sentimental analytics, and summarization of information and data investigation. It can be define as the process of analyzing retrieving of information from text sources. Text analytics is the processes of converting unstructured data into meaningful data for analysis. Its software is capable to process structure of unstructured data in the same efficient manner. It uses natural processing language which includes dozens of techniques for completing tasks such as document categorization, extraction of meaningful terms and translation. Text analytics are used for sentiment analysis, email spam filters, social media monitoring, automated ad placement, E-discovery, record management and scientific discovery.
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One of the major factor which drives the market for text analytics is rising growth of big data analytics because with big data analytics, data mining and text analytics brings the capabilities to business user to create analytical intelligence by display patterns in both structured and unstructured data. Enterprises are increasingly stressing on combining internal as well as external data sources to achieve efficiencies. In addition to this there are several other factors which drives the market such as increasing adoption of social media and increasing adoption of text analytics tools. However, the factor hindering growth of text analytics is lack of awareness about text analytics. The need to explore textual data to obtain new vision by combining industry knowledge is expected to boost the market.
List of Companies
IBM Corporation
SAP SE
SAS Institute Inc.
Clarabridge
Expert Systems
OpenText Corp.
Basis Technology
Linguamatics
ANGOSS SOFTWARE CORPORATION
KNIME
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Source: EmailWire.Com 
Source: EmailWire.com
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