Top 10 Text Analytics Companies to Watch in 2020

Companies typically capture data from diverse sources that are often raw and unstructured information. It can be a challenge for businesses to process and translate that data into more quantitative insights. Text analytics has been recognized as an evolving data processing tool converting voluminous amounts of data into meaningful ones. The technology is being used in an array of applications across different sectors, including retail, BFSI, healthcare, FMCG, telecommunications, and government, among others. Text analytics can also be combined with other advanced analytics. Widely used data sources for text analytics include social networks, internal email, inbound customer email, news articles, online discussion forums and CRM customer service notes.