A recent article in the trade journal CIO points to the potential of natural language processing (NLP) to transform today’s businesses. In an interview with CIO, apexanalytix SVP Walt Kristick says NLP “uses computer algorithms to parse and interpret written and spoken natural language to allow systems to learn and understand human languages.”

As the technology becomes more accurate and more widely available, it is expected to make the move from powering chatbots to more complex tasks, such as unlocking information about company processes, assets and liabilities.

“There is a growing demand for the ability to analyze and extract meaning for text and non-related data sources, especially in the healthcare and life sciences markets,” Kristick notes.

For more, visit the article online at CIO.