Analytics software can analysis various kinds of data. With text analytics software, data analytical users can analyze text data effectively from various sources. Here are some of the best text analytics software available right now.
10+ Best Text Analytics Software
1. DiscoverText
2. PrediCX
3. Google Cloud Natural Language API
4. Lexalytics Salience
5. IBM SPSS Text Analytics
6. Provalis Research Text Analytics Software
7. Expert System
8. MeaningCloud
9. Microsoft Azure Text Analytics API
10. SAS Text Miner
11. IBM Watson Natural Language Understanding
What Is Text Analytics Software?
Text analytics software is data analytics software that lets users generate insights from text data. The software uses natural language processing software to generate the insights needed to analyze text data, whether they are structured or not.
Benefits
Text analytics software provides a lot of insights in analyzing text data content ranging from sentiment analysis to themes and patterns. The software also helps leverage the natural language processing process and machine learning to generate different insights on text data analysis. The software also provides data visualization tools that allow for easier interpretation of text data for users. The types of text data that can be analyzed by the software are endless as they can range from emails to text messages and even customer reviews. This setup within the software allows enterprise users to better understand their customer’s and employees’ feelings towards their company through text analysis. The software can also help enterprise users to intelligently analyze documents as well as improve the writing content for users.
Features
Text analytics software should allow users to import text data from various sources. The open-source text analytics software should also be able to have natural language processing capabilities that allow the text analytics software tools to automatically analyze the text data and deconstruct them such as finding key phrases, sentiment, patterns, etc. The text analytic software should provide data visualization tools to transform text data into easily readable visual data that can be presented easily.
- Import text data from various text sources
- Natural language processing capabilities
- Data visualization tools
Top 10 Text Analytics Software
1. SAS Text Miner
SAS Text Miner’s text mining software allows users to gain deeper insights from their unstructured text data. SAS has 14,000 employees and earns a revenue of $3 billion.
2. Google Cloud Natural Language API
Google Cloud Natural Language API’s text analysis software is insightful as it utilizes natural language processing systems to help users analyze text data effectively with its highly reliable software. Google has 156,500 employees and earns a revenue of $257 billion.
3. Microsoft Azure Text Analytics API
Microsoft Azure Text Analytics API provides tools that users need to extract and classify text data in documents that support various languages. Microsoft has 189,984 employees and earns a revenue of $168 billion.
4. IBM Watson Natural Language Understanding
IBM Watson Natural Language Understanding’s software provides text analytics software tools for users to analyze their text data. IBM has 282,100 employees and earns a revenue of $57 billion.
5. Lexalytics Salience
Lexalytics Salience’s text analytics software uses natural language processing tools to help companies analyze text data to deploy on their operations and application software. Lexalytics has 35 employees and earns annual revenue of $5.1 million.
6. Provalis Research Text Analytics Software
Provalis Research Text Analytics Software is extensive with the way they analyze text data that includes multi-language support in analyzing text data written in foreign languages. Provalis Research has around 25 employees and earns a revenue of around $5 million.
7. Expert System
Expert System helps users understand their text data by analyzing it extensively so that it helps companies make well-informed business decisions. Expert System has around 25 employees and earns a revenue of around $5 million.
8. DiscoverText
DiscoverText allows users to analyze their data and organize their text data into structured data sets that are readable. DiscoverText is owned and operated by Texifter, which the parent company has around 25 employees and earns a revenue of around $5 million.
9. MeaningCloud
MeaningCloud’s multilingual text analytics software allows text analysis done in various languages including Arabic, Chinese, Japanese, Hindi, and many more. MeaningCloud has 31 employees and earns annual revenue of $4.5 million.
10. PrediCX
PrediCX’s machine learning software allows users to organize their customer data automatically. PrediCX is owned and operated by Warwick Analytics, which the parent company has 14 employees and earns annual revenue of $2 million.
FAQ
What other software can be used with text analytics software?
Text analytics software can be used together with other data analytics software such as business intelligence software and big data analytics software.
What kind of text data can text analytics software analyze?
Text analytics software can analyze various text data sources such as documents, emails, surveys, transcripts, reviews, and many more. These text data serve as different sources needed to analyze text data.
How much does text analytics software cost?
Pricing for text analytics software can range from $80 per month to $7,430 per month or more with some software offering custom pricing which increases its pricing as it offers more features through subscription tiers. Pricing for text analytics software varies depending on the features available and the intended users. Small companies may benefit from low-cost l text analytics software while large companies may benefit from high-cost text analytics software.
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