Artificial Intelligence
Text Mining Market To Reach USD 16.85 Billion By 2027 | Reports and Data
New York, July 16, 2020 (GLOBE NEWSWIRE) — The global Text Mining Market is forecast to reach USD 16.85 Billion by 2027, according to a new report by Reports and Data. Text mining tools are increasingly used by most of the organizations to help their business by useful insights from different sources, such as client interaction, blogs, emails, tweets, product reviews, and center logs.The major objective of the mining of these texts is to gather several forms of information that includes structured and unstructured data and can be utilized further for fueling the decision of the business. Some of the benefits of this mining include improved processing speed, cost reduction, better consistency, and integration of big data. The rise in demand for Big Data and machine learning is augmenting the growth of the product.Text mining is gaining traction due to the rise in the adoption of social media platforms and a growing inclination of cloud technology for data storage. The organization is transitioning to adopt cloud technology. They are being driven by their ability to prevent fraud, plan efficient marketing campaigns, and manage risk. H&M, a fashion retailer, in August 2018, deployed text mining solutions to analyze the customer’s response in their social media channels. This permits the company to attain a better understanding of customer preference, and also customize ads to attract new clients. Get FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ https://www.reportsanddata.com/sample-enquiry-form/3332The COVID-19 impact:
During the COVID-19, artificial intelligence, virtual reality solutions are expected to gain traction as a response to the pandemic. This addresses the continuously evolving changes. Healthcare vendors are adopting artificial intelligence to enhance their R&D and gain momentum in the current scenario. The need for modern, effective technologies and growing demand for social distancing has propelled the demand for advanced technological research, thus fostering market demand. The application of AI can help in reducing the overall cost and also increase customer satisfaction.Further key findings from the report suggestThe rising adoption of cloud deployment will experience a surge in business growth while lowering the resources and capital required to deploy and maintain an analytics solution. Cloud adoption is expected to grow with a significant CAGR of 19.5% during the forecast period.Small and Medium-sized enterprises benefit extensively from subscription-based pricing models to understand their business demands more accurately. Moreover, cloud deployment also ensures timely updates, up-gradation in security, and backup and recovery functions. They are forecasted to grow with a higher CAGR of 18.7% during the forecast period.Text mining software help users gain knowledge about structured and unstructured text data by using natural language processing (NLP). These insights include key phrases, sentiment analysis, themes and patterns, languages, and entities. These tools can consume data from various sources, and they may be used in conjunction with other analytics tools, such as Big Data analytics, and business intelligence platforms.The high customer satisfaction and positive experience are due to the data mined from customer complaints and feedback. Organizations analyze call center data and use algorithms to improve services and quantify customer emotions. Thus is expected to propel the demand for the customer experience management segment.In the retail sector, text analysis plays a crucial role in analyzing the behavior of the customers and predicting the nature of the consumer, which will drive the industry. The organization adopted text analytics to offer personalized schemes and discounts to its clients by analyzing historical trends. Retailers also use social media platforms to acquire data to anticipate customer needs.Asia-Pacific is forecasted to grow with a higher CAGR due to the growth in BFSI and retail sector. The region offers noteworthy opportunities for text mining by the rising customer utilizing social media platforms and online purchases.Key participants include SAS Institute, Inc., SAP SE, Clarabridge, Inc., Lexalytics, Inc., IBM Corporation, Luminoso Technologies Inc., Averbis, Meaningcloud LLC, Opentext Corporation, and Bitext Innovations S.L., among others.BUY NOW (Customized Report Delivered as per Your Specific Requirement)@ https://www.reportsanddata.com/report-detail/text-mining-marketFor the purpose of this report, Reports and Data have segmented the global Text Mining Market on the basis of component, application, deployment mode, organization size, industry vertical, and region:Component Outlook (Revenue, USD Billion; 2017-2027)SoftwareServicesManaged servicesProfessional servicesApplication Outlook (Revenue, USD Billion; 2017-2027)Marketing ManagementDocument ManagementCustomer Experience ManagementGovernance, Risk, and Compliance ManagementWorkforce ManagementOthersDeployment Mode Outlook (Revenue, USD Billion; 2017-2027)OnlineCloudOrganization Size Outlook (Revenue, USD Billion; 2017-2027)Large EnterprisesSmall and Medium EnterprisesIndustry Vertical Outlook (Revenue, USD Billion; 2017-2027)Retail and EcommerceHealthcare and Life SciencesBanking, Financial Services, and InsuranceGovernment and DefenseManufacturingTelecommunications and Information TechnologyMedia and EntertainmentEnergy and UtilitiesTravel and HospitalityOthersTo identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/industrial-catalyst-marketRegional Outlook (Revenue, USD Billion; 2017-2027)North AmericaU.SCanadaEuropeGermanyU.KFranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMEASaudi ArabiaUAERest of MEATake a Look at our Related Reports:Digital Mining Market: https://www.reportsanddata.com/report-detail/digital-mining-marketGeospatial Imagery Analytics Market: https://www.reportsanddata.com/report-detail/geospatial-imagery-analytics-marketAudience Analytics Market: https://www.reportsanddata.com/report-detail/audience-analytics-marketAbout Reports and DataReports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: [email protected]
The July editions of Technology, Mobile and AI Magazines include interviews with leading experts and executives from Google Cloud, Virgin Media O2, Genpact and more!
LONDON, July 5, 2024 /PRNewswire/ — BizClik, the UK’s fastest-growing publishing company, has published the latest editions of Technology, Mobile and AI Magazines. These publications are highly regarded within the technology and telecommunication sectors for their in-depth reports and interviews with prominent figures in the respective industries.
Technology MagazineThis month’s edition features an exclusive lead interview with Helen Kelisky, Managing Director at Google Cloud UK & Ireland on her perspectives as a female tech leader and the future of cloud and AI.
“Teams become stronger by not only recruiting diverse talent but in challenging the limitations of the team and playing to their unique set of strengths”
The edition also contains extensive interviews with key thought leaders from Genpact, Trane and more, along with the Top 10: Technology Consultants
Mobile MagazineThis month’s edition features an extensive lead interview with Julian Davidge, Director of Technology, Service & Operations at Virgin Media O2 on technological innovation at the telco giant.
“Technology is moving faster and faster as the desire to do something different increases”
The edition also contains extensive interviews with key thought leaders from Schneider Electric, Extreme Networks, AT&T and more. Plus the Top 10 5G Leaders
AI MagazineThis month’s edition features an extensive lead interview with Shibu Nambiar, Global High Tech Business Leader at Genpact, on how AI is transforming operations.
“Ensuring the human element remains central to any kind AI initiative is something I think about every single day”
The edition also contains extensive interviews with key thought leaders from Trane, Roy Hill and more, along with the Top 10: Consulting Companies
You can visit Technology Magazine, Mobile Magazine and AI Magazine for daily news and analysis of the ever-changing technology industry.
About BizClikBizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.
BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.
For more information, please visit https://www.bizclikmedia.com/
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Fitzpatrick will drive the next phase of ESG Book’s growth as a global leader in sustainability data and technology.
An experienced leader of investor-backed software companies, Fitzpatrick was previously Co-founder of FullCircl, a software provider to over 700 clients and 15,000 end users in regulated industries.ESG Book offers a wide range of sustainability-related data and technology solutions that are used by many of the world’s largest financial institutions.With 200,000 disclosures, ESG Book’s platform provides data and analytics on public securities and the ability to directly request ESG disclosures from private companies.Fitzpatrick’s appointment comes as market demand for ESG and climate data solutions continues to grow, driven by increasing regulation and disclosure requirements worldwide. LONDON, July 5, 2024 /PRNewswire/ — ESG Book, a global leader in sustainability data and technology, today announced the appointment of Justin Fitzpatrick as the company’s new CEO with immediate effect. He will lead the next phase of ESG Book’s growth, and drive the firm’s market differentiation through next-generation sustainability solutions.
A highly experienced leader of investor-backed software companies, Fitzpatrick was previously the Co-founder and COO of FullCircl, a software provider to more than 700 clients and 15,000 end users in regulated industries. Prior to that, he was the Co-founder and CEO of DueDil, an award-winning regtech solution, and Co-founder and Non-Executive Director of Innovate Finance, an industry association that has been at the forefront of establishing the UK as a global fintech hub.
ESG Book offers a wide range of sustainability related data and technology solutions that are used by many of the world’s largest financial institutions, consultants, and corporates.
Combining market-leading sustainability and climate data with a SaaS-based platform that provides access to approximately 200,000 corporate disclosures and analytics, ESG Book directly connects companies with financial institutions. The firm’s cloud-based technology offers best-in-class ESG performance management, peer benchmarking, and regulatory compliance solutions.
Fitzpatrick’s appointment as ESG Book’s new CEO comes as market demand for high-quality ESG and climate data products continues to grow, driven by fast-increasing sustainability regulation and disclosure requirements worldwide.
Nazo Moosa, Advisory Board Member at ESG Book, said: “I am delighted to welcome Justin as ESG Book’s new Chief Executive. He is the ideal candidate to lead the company into a new, successful chapter at a time of a disruptive innovation cycle in sustainable finance. With his deep expertise in scaling and accelerating growth in investor-backed software companies, Justin has the track record to drive ESG Book’s global expansion and deliver its future success as a leader in sustainability data and technology.”
Justin Fitzpatrick, CEO of ESG Book, said: “I am excited to join ESG Book and lead the company into a new phase of growth. This is a business extremely well positioned to meet the fast-growing need for sustainability solutions across capital markets.”
“I look forward to working with the ESG Book team as we continue to expand our partnerships with financial institutions, reduce the friction for corporates in meeting ESG disclosure requirements, and deliver market-leading analytics and tools to help our clients achieve their sustainability goals.”
About ESG Book
ESG Book is a global leader in sustainability data and technology. Combining market-leading sustainability and climate data with an ESG disclosure platform that provides access to almost 200,000 corporate disclosures and analytics, ESG Book directly connects companies with financial institutions. The firm’s cloud-based sustainability dashboard is used by the world’s largest companies and consultants for ESG performance management, peer benchmarking, and regulatory compliance.
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GOTHENBURG, Sweden, July 5, 2024 /PRNewswire/ — A new agreement has been signed between Viking Analytics and Bharat Forge Kilsta (BFK) from Karlskoga. The agreement, which is for three years, provides BFK with the AI-based optimization tool “Smartforge” after a 10-month implementation phase. Smartforge optimizes the forging process, primarily in the critical heat keeping process where the problems with scrap are greatest. The goal is to reduce discarded products by 50% and contribute to energy savings and a more environmentally friendly production.
Niclas Undén, CFO of Bharat Forge Kilsta, comments on the deal: “Through AI technology, a difficult step in the forging process is simplified. The result is lower scrap, lower energy consumption and reduced need for manual work. In SmartForge, Swedish heavy automotive industry meets world-leading AI technology from Viking Analytics. Bharat Forge Kilsta is very pleased with the collaboration with Viking Analytics, and we look forward to a deeper collaboration in the coming years.”
The majority of Bharat Forge’s customers are in the automotive industry and the value of this agreement exceeds SEK 4 million for both Viking Analytics and Bharat Forge.
Stefan Lagerkvist, COO at Viking Analytics: “This agreement is much more than a single business opportunity. Bharat forge has a lot of expertise in steel and forging, which contributes strongly to the solution. Their knowledge has been captured and translated into algorithms for better control of the process. This collaboration confirms everything we so long have been fighting for and gives us a great opportunity in the future to offer an environmentally friendly AI-powered solution to more factories within the Bharat Forge Group as well as to other players in the industry!”
Viking Analytics
Strong in predictive maintenance and smart industrial optimization
Since 2017 the Swedish company Viking Analytics has been at the forefront of revolutionizing the maintenance process for OEMs, maintenance companies and industries. Their commitment to predictive maintenance, smart automation, optimization, and data analytics is evident in their specialized software tool MultiViz, which enables industries to operate, monitor, and understand their machines with unparalleled precision and efficiency. Vibration analysis is a major focus area, but a lot of customized AI solutions are also provided.
Bharat Forge Kilsta
Forgings for the automotive industry
Bharat Forge Kilsta manufactures forged and machined components for the automotive industry. The company’s most important customers are truck manufacturers in Sweden and internationally. Bharat Forge Kilsta is part of the Bharat Forge Group, which is the world’s largest forging group and is headquartered in India. Bharat Forge Kilsta has an annual turnover of SEK 1.3 billion and 320 employees. The Swedish company is located in Karlskoga – the city in Eastern Värmland that is known for its high-tech, and internationally oriented, industrial companies.
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