7 Ways Your Business Can Benefit from AI Text Analysis
According to a report on recent Artificial Intelligence (AI) trends, AI text analysis will continue to grow since it can take advantage of pre-trained frameworks that shall get more advanced with time.
AI text analysis is defined as a method of analyzing and comprehending the purpose and relevance of natural language in order to extract valuable insights.
It is capable of translating, drawing conclusions, sentiment classification, voice recognition, topic identification, as well as understanding entities.
AI text analysis decodes text to extract factual information that could be read plus evaluated via a machine. Its aim is to create systematized information from unstructured textual content.
Machine-readable statistics are extracted from massive amounts of text and put into an Excel sheet or database. The above could then be utilized to categorize data in Information gathering apps, assess data and identify patterns, or even provide a human language synopsis.
The applications for AI text analysis are virtually limitless. Let’s talk about how its uses can benefit your business.
7 ways in which AI text analysis can prove beneficial for your business
AI text analysis can assist your business in automating processes of identifying consumer feedback on a massive scale, allowing you to take data-driven decisions to improve your business. Let’s see how.
1. Transcript medical documents
AI text analysis enables healthcare providers to locate and analyze patients’ health records inside free text documents.
Text analysis facilitates this, just like it enables physicians to delegate certain tasks to AI and use the effort and time saved to provide further critical services to humanity.
Among the most fundamental yet effective applications of AI is in diagnostic process optimization.
When patients are sick, they customarily visit a doctor, who tests their vitals, poses questions, and writes a prescription.
Digital assistants nowadays can cover a huge portion of medical and primary care services, allowing physicians to focus on more important cases.
AI text analysis is used by the assistant to offer an effectual and seamless experience. ML algorithms are used to build a comprehensive map of a user’s situation to provide a customized experience.
It recommends actions and steps to treat the illness, such as notifying patients when they should go see a physician.
This implies that, unlike self-diagnosis, people do not have to bother about the validity and dependability of the advice they receive. Several other text analysis examples have proven to improve the user experience.
A thorough medical transcription platform may include features designed specifically for transcription of words, consultation, clinical care, and surgical procedures.
Speaker recognition, speech synthesis, phrase suggestion, auto transformation, fault detection, and tracking are all possible attributes.
2. Analyze consumer interactions
Analyzing data using AI to simplify the customer experience is one of the rising trends on how to attract new consumers. Now let’s see how text analysis can help you with the same.
Sentiment analysis is a method that enables you to assess the feelings or moods of your clients via feedback and comments submitted by people on social networking sites, store kiosks, Google, and smart applications.
You can also understand emotions via statements and voice tones that they adopt during telephone conversations. You can learn what they like, dislike, and desire, and then strategize your solutions, goods, and upgrades accordingly.
Sentiment analysis is used by data analysts to monitor how a company label works in the marketplace.
Machine translation software is used by several search engines and this is based on AI text analysis models.
More data is being generated online each day, and a huge amount of it is common human language.
Companies were unable to large volumes of data until recent times. However, breakthroughs in AI text analysis enable evaluation and learning from a broader diversity of sources.
Customer behavior analysis is critical for
- Obtaining customers
- Getting insights on ROI
- Gaining market dominance
- Increasing customer lifetime value and retention
- Enhancing consumer loyalty
- Turning clients into brand ambassadors
3. Help HR services
The role of HR professionals has considerably evolved in the modern era. To keep up with this trend, HR teams should adopt AI text analysis and other qualitative techniques to transform into a more valuable strategic resource when conducting staff research.
Text Analysis helps Human resource departments to recruit employees more quickly, easily, and intelligently.
The HR division can select the best applicants for critical posts with greater precision by retrieving specific main themes and ideas from the hundreds of cover letters and résumés that arrive.
By studying how well the main contenders characterize themselves, human resources can then use the knowledge to generate job ads that connect to, and therefore draw, the top candidates.
Utilizing AI text analysis techniques can enable HR professionals to look at novel areas of research that will allow them to dive deep into employees’ minds while putting no additional strain on their energy, time, and financial backing.
AI text analysis assists HR departments in gathering enough applicable data to identify common patterns and categories affecting employees.
- Concerns of customers
- Contract disputes
- Safety is crucial
- Labor-management relations
- Continuity preparation
Exit interviews might become more informative if the HR department uses Text Analysis to make a comparison of resigning workers’ remarks on staff, organizational policies, procedures, and so on.
In fact, you can use Text Analysis to discover what your staff members are discussing about your firm on business chat rooms and the such.
4. Analyze communication records
With the assistance of AI text analysis, email messages, meeting notes, or other interaction records can also be analyzed to derive the most informative and vital insights, resulting in far-reaching impacts.
Content analysis serves as a systematic tool for determining the presence of a particular word, topics, or ideas in subjective data obtained from texts.
Research teams can use content analysis to measure and analyze the existence, definitions, and connections of specific words, tropes, or notions.
Researchers then can draw conclusions about the messaging in the writings, the authors, the readership, as well as the culture plus time period in which the text was written.
Data sources could include interview sessions, open-ended questionnaires, field survey notes, discussions, or any other instance of real communication.
Here are some examples — books, passages, conversations, newspaper headlines, lectures, media, and historical records. In its assessment, a single report may examine various types of text.
The content must be programmed, or subdivided, into doable code modules for assessment before it is analyzed using textual analysis. After the text has been labeled into coding categories, they can be further classified as “code categories” so as to further summarize data.
5. Connect via voice-controlled apps
We can communicate with voice-controlled apps thanks to AI text analysis. Virtual assistants exist solely to make anyone’s life simpler.
These assistants can inform you about the weather, reserve a vehicle for you, notify you of important meetings and events, place a call to a friend, or do a variety of other tasks under your authority.
Voice-activated software and lookup, implying that consumer technology, will keep flooding and optimizing in this economy. The automotive sector is already obsessed with voice assistance.
Among the most notable uses of voice-activated applications is in worksites where hands-free movement is crucial, such as health facilities.
Furthermore, voice activation, as per studies, is three times quicker than text messaging, implying that civil services which had earlier moved to text will now make a shift to voice activation.
6. Conversion of audio and video to text
Audio to text apps are a type of speech recognition technique that enables AI to transform voiced words into actual text.
The tech recognises and comprehends human voice, allowing it to handle computer commands.
We can’t type as quickly as we can think and this could be a massive loss to overlook a thought thread, which might have resulted in a significant profit if it had been recorded at the pace of thought.
Fortunately, the ability to think aloud can be converted to text because of voice to text apps, which can speed up your workflow and increase productivity by providing documents quicker than typing.
The ideal technology allows you to automate your flow of work. This is one of the main reasons it is getting popular in our today’s stressful world.
Speech recognition software, which is well-designed can assist you significantly in increasing productivity both at office and in homes. A file can be dictated at nearly three times faster than the pace of typing.
Hands-free note-taking is possible thanks to tailored voice commands. You could even tell your desktop to access and update a particular document so you shouldn’t have to scour through directories to locate it, based on the programme.
You could connect with your email account via a simple voice command. Users could use their voice to define and modify emails, which they can then share with friends or coworkers.
7. Scan through filler words
Filler words such as ‘ah,’ ‘ohh,’ ‘you guess,’ and so on can sometimes be an obstacle in business contexts, as well as during interview sessions, reviews, and more.
AI text analysis helps remove these from almost any location. This can help shorten audio recordings, video files, texts, and so on while increasing their sharpness.
Text analysis has the ability to be tailored to meet the specific needs of your sector.
For instance, if you work in the healthcare sector, you will almost certainly need software that can ‘comprehend’ what a nomenclature like ‘OD’ could imply. The great news is, it is doable, thanks to AI text analysis.
In the case of text analysis, industry-wise customization is possible, allowing almost any industry to use this solution.
We hope the above pointers have proven how vital AI text analysis is for your business in this automated, digital world.
Do you think we have missed out on any important aspect? Feel free to leave your suggestions in the comments section below!