openPR Logo
Press release

Market Research on Scientific Text Analytics And Annotators Market 2016 and Analysis to 2026

12-21-2016 08:23 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Market Research on Scientific Text Analytics And Annotators

Scientific text analytics refers to the process of analyzing unstructured raw data, extracting relevant information from it and transforming it into useful business information. An annotator is something that can supply or furnish critical or explanatory notes or comments. Text analytics and annotators combined together can help companies in fetching relevant information from a large amount of data by capturing certain keywords, phrases, classifications or entities which help them in determining the sentiments of user.

The various steps that are carried out in text analytics is text identification, text mining, text categorization, text clustering, search access, entity/relation modeling, link analysis, sentiment analysis, summarization and visualization.

Request for sample report: http://www.futuremarketinsights.com/reports/sample/rep-gb-1964

There are varied application of text analytics which are listed below:

Sentiment analysis

Search access of unstructured data

Email spam filters

Automated AD placement

Social media monitoring

Competitive intelligence

Enterprise business intelligence and data mining

E-discovery, records management

National security and intelligence

Competitive intelligence

Scientific discovery

Few of them which are commonly used are:

Sentiment Analysis: Suppose there is an online portal for garments. There is an online submission form for customers to send in their feedback regarding their purchase. The owner would like to find out the response (positive and negative) of all its customers. In this case they can make use of text analytics tool to find out the sentiment of the customer; whether they are satisfied or dissatisfied with the product.

Topic modeling: It is a technique for finding out most commonly used (discussed) themes from a vast array of topics. It is mostly used by legal firms for digging out information regarding a high profile case.

Named entity recognition: It basically tries to recognize nouns which could be a person’s name, country, organization, date, monetary amounts, or the likes of it.

Scientific Text Analytics and Annotators Market: Drivers and Challenges

The scientific text analytics and annotators market is expected to rise in the future as solution providers are merging big data with text analytics which can be used across various sectors such as healthcare, finance, banking, retail, government, and many more. Organizations can benefit by getting a competitive edge over their competitors, or understand their current target market in a better way; for example – through social media tracking, a retail company can find out whether its customers are satisfied with its new product by tracking certain keywords or phrases.

Also, cloud-based text analytics solutions are rapidly growing in the market as companies are themselves going through a transformation (due to digitization). Also, many small and medium scale enterprises find cloud-based solutions to be more economical as they require less storage space and lower maintenance cost.

Another market driver is that text analytics tool can break the language barrier. The emergence of multilingual text analytical tools has helped multi-national companies in gathering data and interpreting information in a more efficient manner. Also, every business has its own set of requirements and applications. There is an increase in industry-specific text analytics tools which has led to many companies adopting this solution.

One of the challenges faced is sometimes a customer tends to be sarcastic while commenting on social media platform, or during a customer service call, they seem to be agitated (the reason could be altogether different), the text analytics and annotator tool might not be able to capture the true sentiment of the customer. This is due to lack of such level of advancement in the solution which can lead to wrong interpretations.

Request for TOC: http://www.futuremarketinsights.com/toc/rep-gb-1964

Scientific Text Analytics and Annotators Market: Segmentation

Segmentation On The Basis Of Deployment Type:

Cloud

On-Premises

Segmentation On The Basis Of Application:

Marketing and Customer Experience Management

Data analysis and forecasting

Enterprise Information Management

Other industry specific applications

Segmentation On The Basis Of End-User:

Banking, Financial services and Insurance, healthcare, retail, military and defense, IT and telecom, entertainment and media and Others (Transportation, Hospitality, Automotive).

Key Market Players

The major players active in the Global Scientific text analytics and annotators market include SAS Institute Inc., IBM Corporation, SAP SE, MeaningCloud LLC, Smartlogic, Lexalytics, Provalis Research, OpenText Corporation, Pingar, AlchemyAPI and RapidMiner, Inc..

About us:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

616 Corporate Way, Suite 2-9018,, Valley Cottage, NY 10989,, United States, T: +1-347-918-3531, F: +1-845-579-5705, T (UK): + 44 (0) 20 7692 8790, Email:sales@futuremarketinsights.com, Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Market Research on Scientific Text Analytics And Annotators Market 2016 and Analysis to 2026 here

News-ID: 399524 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Scientific

U.S. Biomedical Refrigerators and Freezers Market 2020 Trends with Top Players - …
U.S. biomedical refrigerators and freezers market is poised to gain substantial traction in the near future. This can be mainly attributed to strong demand for the product across hospitals, diagnostic centers, pharmacies, research labs and blood banks. Biomedical refrigerators and freezers offer optimal conditions for efficient storage of biological samples. These refrigerators and freezers are prominently used in healthcare facilities for the storage of biological samples and chemicals such as blood,
5-Amino-3-Methylisoxazole Market Research Report 2025 | Global Key Player -Pure …
This research report titled Global (United States, European Union and China) 5-Amino-3-Methylisoxazole Market Research Report 2019-2025 has been added to the wide online database managed by Market Research Hub (MRH). The study discusses the prime market growth factors along with future projections expected to impact the 5-Amino-3-Methylisoxazole Market during the period between 2019 and 2025. The concerned sector is analyzed based on different market factors including drivers, restraints and opportunities
Blood Bank Market Competitive Analysis to 2023: Panasonic Biomedical, Dometic, T …
Research For Market in this report on Global Blood Bank Market will keep you apprised in this CAGR growing market by letting you know in-depth how the key players and brands are driving the market in the forecast period of 2019-2025. Further, the markets definition, classifications, applications, and engagements in the Global Blood Bank Market have been described. The Global Blood Bank Market has been classified according to market size
2019 Blood Bank Market By Key Player's Follett , Helmer Scientific , Norlake sci …
The Blood Bank Market report offers a detailed Outlook and future prospects of the Industry. The Blood Bank market report includes various topics like market size & share, Product types, applications, key market drivers & restraints, challenges, growth opportunities, key players, competitive landscape, Regions etc. Request for the sample copy@ https://www.supplydemandmarketresearch.com/home/contact/44471?ref=Sample-and-Brochure&toccode=SDMRPH44471&utm_source=Ss The key manufacturers in the Blood Bank include • Panasonic Biomedical • Dometic • Thermo Fisher Scientific • Vestfrost Solutions • Follett • Helmer Scientific • Norlake scientific
Hospital Laboratory Information Management Market Comprehensive Study 2019: By L …
Hospital Laboratory Information Management Market evaluates the current conditions on a large scale providing in the market developments, market size, and progress estimations. The key element details related to Hospital Laboratory Information Management market’s fundamental market segments, opportunities, and market constraints are presented in this report. Furthermore, this report enlists the product definition, applications, market scope, and major product manufacturing regions. Records of such kind meticulously analyze the present Hospital
Global Centrifugal Evaporator Market Forecast 2018-2025 VWR, Fisher Scientific, …
A detailed market study on "Global Centrifugal Evaporator Market" examines the performance of the Centrifugal Evaporator market. It encloses an in-depth Research of the Centrifugal Evaporator market state and the competitive landscape globally. This report analyzes the potential of Centrifugal Evaporator market in the present and the future prospects from various angles in detail. The Global Centrifugal Evaporator Market 2018 report includes Centrifugal Evaporator market Revenue, market Share, Centrifugal Evaporator industry