NLP stands for Natural Language Processing. NLP is used to understand the impact of the text, words, and phrases in your business data. It is a branch of Artificial Intelligence (AI) where computers learn to understand words and sentences (syntax and semantics) and their impact on business outcomes.
AI, or more specifically, Machine Learning (ML), detects patterns in data faster and more thoroughly than most humans are capable of doing. For NLP, the algorithms analyze the text and find the words and phrases associated with driving or detracting from your desired outcome. Businesses are using this technology as a piece of their overall predictive analytics strategy to understand past data, make future projections, and optimize operations.
Getting started with NLP no longer requires a data scientist with specialty skills or programming knowledge to use complex platforms. Squark’s no-code platform has unique and proprietary features and functionality to automatically apply NLP to the data connected, including a world-class ability to tell you exactly what words and phrases influence your business outcomes.
Takeaway: Today’s AI technology allows you to use NLP to understand the impact of the text in your business, predict future outcomes, drive desired results, and improve overall communication with your customers.
Squark no-code AI SaaS platform is the most flexible, fastest, and easy-to-use automation of AI on the planet. Use clicks (not code) to automatically find AI-insights in the data you already have. Prioritize decisions and know what actions to take using any data from any system. Drive growth and expansion by forecasting customer outcomes over time, understanding attribution & media mix, predicting lifetime value, and improving retention . Squark’s no-code AI is as simple and easy-to-use as a spreadsheet. It’s built for analysts yet our award-winning software is more powerful, accurate, scalable, and feature-rich than many other AI systems deployed in business today.