Data is everywhere. News, blog posts, emails, videos and chats are just a few examples of the multiple streams of data we encounter on a daily basis. The majority of these streams contain textual data – written language – containing countless facts, observations, perspectives and insights that could make or break your business.
One of the key components of Information Extraction (IE) and Knowledge Discovery (KD) is Named Entity Recognition, which is a machine learning technique that provides us with generalization capabilities based on lexical and contextual information. Named Entities are specific language elements that belong to certain predefined categories, such as persons names, locations, organizations, chemical elements or names of space missions. They are not easy to find and subsequently classify (for example, organizations and space missions share similar formatting and sometimes even context), but having them is of significant help for various tasks: improving search capabilities relating documents among themselves or...