Text Analytics or often known as Text Mining is the discovery of new or existing facts applying the science of natural language processing and statistical learning techniques. This post explains how NLP based text analytics systems anatomically look like .
In a post last January, I had termed 2017 to be the year of the banking bots and chatbots , virtual assistants and robo advisors did seem to get their fair share of the spotlight. Throughout the year chatbots and their use cases occupied a fair share of attention and saw very senior business leadership take interest and action to enable NLP based intelligent systems become part of their ecosystem. And over and again , the basics of the technology or how-it-works was asked . Presenting a small primer to enable anyone to be able to understand the nuances.