Natural Language Processing - Current Applications and Future Possibilities

A 2017 Tractica report on the natural language processing (NLP) market estimates the total NLP software, hardware, and services market opportunity to be around $22.3 billion by 2025. The report also forecasts that NLP software solutions leveraging AI will see a market growth from $136 million in 2016 to $5.4 billion by 2025. In order to shed more light on the growing applications of NLP solutions, Dan Faggella, the CEO of TechEmergence, converses with Vlad Sejnoha, the CTO of Nuance Communications, an organization offering AI and NLP solutions in voice, natural language understanding, reasoning and systems integration. Vlad Sejnoha has been the Senior Vice President and CTO at Nuance since 2001. He holds a Masters degree in Electrical Engineering from McGill University. Vlad has been working in the field of NLP and speech recognition for over 30 years and holds 22 patents to date.