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5 Important Text Mining Techniques in Use Today!

We all are in possession of loads of unstructured data. That is why 80% of the world’s data today is unstructured. The answer to all this unstructured data is text mining – which is the best way to analyze and process all this unstructured data. Most organizations today store large amounts of data on cloud platforms or data warehouses. This data grows continuously as data pours in from multiple sources. Storing, processing and analysing massive amounts of data with traditional tools becomes a challenge for organizations. In this situation, text mining techniques, text mining applications and text mining tools come into play. The Meaning of Text Mining Wikipedia says – “Text mining, also referred to as text data mining, roughly equivalent to text analytics solutions , is the process of deriving high-quality information from text.” The definition is apt and clearly explains what text mining means – i.e. to deep dive into unstructured data in order to extract insights and patterns which a