How natural language processing creates value in compliance Inside Financial & Risk

As a bridge between humans and computers, the use of natural language processing in compliance demonstrates how this branch of AI is adding value across the financial services industry. Natural language processing (NLP) falls under the wider umbrella of artificial intelligence (AI) and essentially uses algorithms to help computers understand the everyday language of humans -- both spoken and written. As such, NLP is a fundamental bridge enabling interaction between computers and humans, and allowing machines to understand commands and input from humans in a seamless and streamlined manner. Once a machine can understand a human's everyday means of communication, the potential to add value becomes almost limitless. The Thomson Reuters Center for Cognitive Computing is constantly researching ways to perfect and advance different areas of AI, including machine perception, reasoning, knowledge management, and human-computer interfaces.