Impact of text analytics in the healthcare industry | Text Analytics In Healthcare
credits: https://www.optisolbusiness.com/insight/text-analytics-4-ways-it-impacts-healthcare-industry For Free consultation Text analytics is the process that analyses unstructured text, extract relevant information, and transform it into structured information that can be leveraged in numerous ways. Unstructured data is ubiquitous in blogs, tweets, call centers, online news, etc, and companies are rapidly adopting text analytics technology to gain an insight into this information and gain a competitive advantage. Text analytics in the healthcare industry is a boon for this modern era. According to marketsandmarket s , the text analytics market projected to grow from $3.2 billion in 2016 To $8.8 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.2% during the forecast period. The major growth drivers of the market include the growing need for social media analytics and the increasing need for predictive analytics for businesses. Text analytics ...