Text mining, text data mining (TDM) or text analytics is the process of deriving high-quality information from text. It involves "the discovery by computer of new, previously unknown information, by automatically extracting information from different written resources." Written resources may include websites, books, emails, reviews, and articles. High-quality information is typically obtained by devising patterns and trends by means such as statistical pattern learning. According to Hotho et al. (2005), there are three perspectives of text mining: information extraction, data mining, and knowledge discovery in databases (KDD). Text mining usually involves the process of structuring the input text (usually parsing, along with the addition of some derived linguistic features and the removal of others, and subsequent insertion into a database), deriving patterns within the structured data, and finally evaluation and interpretation of the output. 'High quality' in text mining usually refers to some combination of relevance, novelty, and interest. Typical text mining tasks include text categorization, text clustering, concept/entity extraction, production of granular taxonomies, sentiment analysis, document summarization, and entity relation modeling (i.e., learning relations between named entities). Text analysis involves information retrieval, lexical analysis to study word frequency distributions, pattern recognition, tagging/annotation, information extraction, data mining techniques including link and association analysis, visualization, and predictive analytics. The overarching goal is, essentially, to turn text into data for analysis, via the application of natural language processing (NLP), different types of algorithms and analytical methods. An important phase of this process is the interpretation of the gathered information. A typical application is to scan a set of documents written in a natural language and either model the document set for predictive classification purposes or populate a database or search index with the information extracted. The document is the basic element when starting with text mining. Here, we define a document as a unit of textual data, which normally exists in many types of collections.
Text analytics
Text analytics describes a set of linguistic, statistical, and machine learning techniques that model and structure the information content of textual sources for business intelligence, exploratory data analysis, research, or investigation. The term is roughly synonymous with text mining; indeed, Ronen Feldman modified a 2000 description of "text mining" in 2004 to describe "text analytics". The latter term is now used more frequently in business settings while "text mining" is used in some of the earliest application areas, dating to the 1980s, notably life-sciences research and government intelligence. The term text analytics also describes that application of text analytics to respond to business problems, whether independently or in conjunction with query and analysis of fielded, numerical data. It is a truism that 80% of business-relevant information originates in unstructured form, primarily text. These techniques and processes discover and present knowledge – facts, business rules, and relationships – that is otherwise locked in textual form, impenetrable to automated processing.
Text analysis processes Subtasks—components of a larger text-analytics effort—typically include:
Dimensionality reduction is an important technique for pre-processing data. It is used to identify the root word for actual words and reduce the size of the text data. Information retrieval or identification of a corpus is a preparatory step: collecting or identifying a set of textual materials, on the Web or held in a file system, database, or content corpus manager, for analysis. Although some text analytics systems apply exclusively advanced statistical methods, many others apply more extensive natural language processing, such as part of speech tagging, syntactic parsing, and other types of linguistic analysis. Named entity recognition is the use of gazetteers or statistical techniques to identify named text features: people, organizations, place names, stock ticker symbols, certain abbreviations, and so on. Disambiguation—the use of contextual clues—may be required to decide where, for instance, "Ford" can refer to a former U.S. president, a vehicle manufacturer, a movie star, a river crossing, or some other entity. Recognition of pattern-identified entities: Features such as telephone numbers, e-mail addresses, quantities (with units) can be discerned via regular expression or other pattern matches. Document clustering: identification of sets of similar text documents. Coreference resolution: identification of noun phrases and other terms that refer to the same object. Extraction of relationships, facts and events: identification of associations among entities and other information in texts. Sentiment analysis: discerning of subjective material and extracting information about attitudes: sentiment, opinion, mood, and emotion. This is done at the entity, concept, or topic level and aims to distinguish opinion holders and objects. Quantitative text analysis: a set of techniques stemming from the social sciences where either a human judge or a computer extracts semantic or grammatical relationships between words in order to find out the meaning or stylistic patterns of, usually, a casual personal text for the purpose of psychological profiling etc. Pre-processing usually involves tasks such as tokenization, filtering and stemming.
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