Named Entity Recognition technologies seek to locate and classify named entities mentioned in unstructured text into pre-defined categories such as person names, organizations, etc.
The ExtractIQ recognition engine uses a range of recognition tools which can be constantly updated to improve recognition performance based upon past results.
NLP parses through huge amounts of unstructured data (in the form of the written word) and allows ExtractIQ to extract structured information used to give the customer previously unnoticed insights and competitive advantage.