Several applications of NLP are highly relevant to business and entrepreneurship:
Sentiment Analysis: Understanding public sentiment about a brand or product through social media and online reviews. Chatbots and Virtual Assistants: Automating customer service to provide instant responses to common queries. Machine Translation: Breaking language barriers by translating documents and communications into multiple languages. Text Summarization: Condensing large volumes of text data into concise summaries for quick understanding. Voice Recognition: Converting spoken language into text for various applications, including transcription and voice-activated assistants.