Significance of Text Mining
Statistical data reveals that around 80% of the available text data is unstructured which means that it is not organized in a manner that can be beneficial for any business or individual need. Capturing, organizing and categorizing relevant information from a set of raw data is still a challenge for most organizations. Text mining can act as a crucial tool in this matter.
This process has proved to be cost-effective and reliable for achieving scalability, accuracy, and quick response time. Some of the benefits of text mining include –
- Real time analysis
- Scalability
- Consistent Criteria
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