Predictive Analytics in Business
Named Entity Recognition (NER) is a natural language processing task that identifies and classifies key information in text, such as names of people, organizations, locations, dates, and other entities. This process is essential for understanding the context of text data and helps in extracting meaningful insights from unstructured data. NER plays a crucial role in text preprocessing by cleaning and structuring data, in text classification by enhancing feature extraction, and in social media analytics by identifying trends and sentiments related to specific entities.
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