Artificial intelligence (AI) is redefining the enterprise’s notions about extracting insight from data. Indeed, the vast majority of technology executives (91 percent) and 84 percent of the general public believe that AI is the “next technology revolution,” according to Edelman’s 2019 Artificial Intelligence (AI) Survey. PwC has predicted that AI could contribute $15.7 trillion to the global economy by 2030.
NLP has roots in linguistics, where it emerged to enable computers to literally process natural language, explains Anil Vijayan, vice president at Everest Group. “Over the course of time, it evolved from rule-based to machine-learning infused approaches, thus overlapping with AI,” Vijayan says.