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Three Trends Shaping The Natural Language Processing Field In The Next Year

The natural language processing (NLP) market size is expected to grow from $10.2 billion in 2019 to $26.4 billion by 2024, according to research from MarketsandMarkets. Even in the wake of the global Covid-19 pandemic, enterprise organizations understand – and are investing in – NLP more than ever before. In fact, a recent study showed that despite a downturn in overall IT spending this year, NLP budgets increased (download required) anywhere from 10% to 30% across organization industries, company sizes and locations.

Why Open Source NLP Libraries Have the Edge on Cloud Services

The business value of natural language processing (NLP) is indisputable, and there’s never been a time this technology has proven to be...