Back in the 1960s, Joseph Weizenbaum of the MIT Artificial Intelligence Laboratory created one of the first chatbots, which he named ELIZA. Weizenbaum modeled its conversational style after Carl Rogers, a psychotherapist who was known for parroting patients' responses back at them. His hypothesis was that while chatbots could emulate human conversation superficially, they could not fully capture the nuances of a genuine discussion between humans. To Weizenbaum's complete surprise, ELIZA did end up fooling many people into believing they were having a therapeutic breakthrough with a real live therapist. While modern customer service bots aren't likely to help customers dig deep into their psychological issues, the technology behind computers processing human language is getting more advanced day by day.

Natural Language Processing (NLP) has empowered computers to manipulate human language to generate text, extract meaning, and make interactions easier through voice-enabled AI and conversational intelligence technologies. The tasks performed by NLP are categorized according to the priority of the task that needs to be accomplished by a machine including summarizing a long document, detecting spam email or translating between two human languages. In recent times, NLP has made great strides in making a difference in the way business enterprises function. NLP has been applied to various applications as it offers speech recognition by converting spoken language into text, answers questions through chatbots, sentiment analysis and the art of placing revenue selling ads on social media, e-commerce offering custom market intelligence solutions, a key performance driver for business organizations. The year 2018 and beyond is bright for Natural Language Processing Companies.

Along with other tech trends, Natural Language Processing became another buzzword in the past years. But not everyone really understands what NLP is and how it can be used to improve efficiency of the process and impact your business in a positive way. In this article I will be briefly explaining wh...

Along with other tech trends, Natural Language Processing became another buzzword in the past years. But not everyone really understands what NLP is and how it can be used to improve efficiency of the process and impact your business in a positive way. In this article I will be briefly explaining what natural language processing is, how it is used, a few benefits on-site search get from doing it and I will mention a some cool startups that are doing natural language processing today. Let's start with the basics. Natural language processing (NLP) is the ability of a computer program to understand human speech as it is spoken.