Applications of NLP

The video discusses the significance of Natural Language Processing (NLP) in analyzing unstructured data, which constitutes a large portion of industry data. It highlights various applications of NLP, such as sentiment analysis, chatbots, and machine translation, with examples like Twitter, Facebook, and Google Translate. The video also introduces fundamental NLP tasks, including tokenization, stemming, and lemmatization, and mentions that tokenization will be covered in the next video.

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