Natural language processing in high demand

The global healthcare Natural Language Processing (NLP) market is expected to grow from 1.10 billion in 2015 to 2.67 billion by 2020, according to a new report. "Natural Language Processing Market for Health Care and Life Sciences Industry by Type (Rule-Based, Statistical, and Hybrid NLP Solutions) – Worldwide Forecast and Analysis to 2015 – 2020" is published by MarketsandMarkets, The explosive growth in healthcare and life sciences industries, with their vast troves of unstructured clinical data in EHRs, are the main market drivers. As the report describes it, NLP technologies assist machines in understanding the language used by humans to communicate both reading and writing. This form of communication assists the computer in performing various other additional tasks. NLP techniques extract important information from the vast amount of clinical data and analyze it for enhanced processing and analytics.