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Natural language generation is revolutionizing digital content creation for automatic text generation, NLG applications converts structured data into natural language content for a user experience. Natural language generation (NLG) is part of artificial intelligence (AI) which automatically transform data into under stable language. It can be used by organizations to automate business, data driven processes with applications that includes sales automations and complex report writing. NLG is used to generate simple textual data by using combine analytics which helps end users to understand, analyze and identify the data. Growing adoption of natural language generation is rapidly being used in marketing analytics, sales analytics, and machine learning.
Major market players in natural language generation are Arria Nlg, AWS, IBM Corporation, Vphrase, Linguastat, Textual Relation, Narrative Wave, 2Txt – Natural Language Generation Gmbh, Conversica, Newsrx, Phrasetech, Cogentex, Ax Semantics, Phrasee, Artifical Solutions, Retresco, Yseop, Narrativa, Narative Science, Automated Insights and CoGen Tex Inc.
The players in the NLG market are adopting various business strategy such as partnerships, mergers &acquisitions, product development, and business expansions. NLG helps in auto collection of data and building reports, which forecast upcoming events. Predictive maintenance helps organizations in improving their decision making process which further helps organizations in data mining, clustering techniques and regression.
Predictive maintenance is more likely to grow in developed region like North America that helps in growth of the natural language generation (NLG) market within the region. Further, there is rising adoption of smartphones in the region resulting in vast amount of data generation, that enhance the demand for advanced NLG analytical solutions and that would automatically help in the growth of natural language generation (NLG) market in the region.
In MEA adoption of advanced technology and rapid digitization in countries like UAE and Saudi Arabia has triggered the growth of natural language generation (NLG) market.
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