Entity recognition is an innovative technique that allows practices and information to recognize and catalog certain elements from text into pre-defined groups. According to Wikipedia, “Named-entity recognition (NER) (also known as entity identification, entity chunking and something like Entity Extraction) is a subtask of information extraction that seeks to locate and classify named entity mentions in unstructured text into pre-defined categories such as the person names, organizations, locations, medical codes, time expressions, quantities, monetary values, percentages, etc” It allows formless data to convert into organized data. By doing this, it allows machines to read and process the information and extract information in order to answer common questions regarding the data. By using this technique businesses and organizations have the ability to gather and collect data such as currency, phone numbers, places, people, as well as the overall concepts that are within the data and be able to see it in an organized fashion. It can work well with analysts who have more than one documents review at a time and receive a full dump into a few gigabytes instead of having to review every single document are presented with. It helps to extract information that looking for and disregarded the information that they do not necessarily need. For example, if an analyst needs a list of names of people or their cities and phone numbers that are within the documents using an entity recognition technique while allowing them to gather the information faster and more efficiently.
An Organized Method
An entity recognition has the ability to identify and distinguish between different types of names as well as understanding the names ethnicity. It also has the ability to distinguish different types of meanings of words, for example, orange the fruits, or orange the county. Quora expresses the service is, “The industry’s most accurate OCR engine. Extract and organize data from credit cards, IDs, receipts, and other documents without lifting a finger.” This organized method is based off matching linguistics as well as semantics to collaborate and combine different approaches for businesses or analysts that are looking to minimize reviewing multiple documents at one time. The method also allows revealing different relationships were different common factors between the multiple documents and put them into a more organized fashion that can be read and analyzed. It also has the ability to answer questions by reviewing every document that is inputted into the program and be able to understand the question in its fullness and give accurate answers. In order to put the system into perspective on a higher level that is comprehensible, look into The Semantic Web Comes Of Age, By Kurt Cagle. It goes into detail on how larger companies have used this process to maximize their business plans and structure. To top that off, the article can allow a person who is interested in the system to see what another potential that it can offer each business. Therefore, if you are looking for a new method and technology to increase your accuracy and decrease the amount of time it takes to analyze paperwork, looking into am entity recognition analysis to help you succeed faster.