Natural Language Processing Markets Set to Grow in Healthcare

Natural language processing tools are helping providers create the big data repositories required for precision medicine, predictive analytics, and other advanced tasks.

Natural language processing (NLP) is quickly becoming one of the foundational big data technologies that will allow healthcare to move forward with complex analytics, according to a series of market reports predicting significant growth for NLP products over the next few years.

As healthcare organizations seek new strategies for extracting insights from unstructured data from electronic health records, Internet of Things devices, imaging studies, and elsewhere, they will create an NLP marketplace worth $2.65 billion by 2021, says ReportsnReports.

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