Use the comparison tool below to compare the top Text Mining software on the market. You can filter results by user reviews, pricing, features, platform, region, support options, integrations, and more.
NaturalText
$5000.00VizRefra
$25spaCy
FreeMeaningCloud
$99 per monthMegaputer Intelligence
IBM
$0.003 per NLU itemLettria
€600 per monthWarwick Analytics
$495 per monthRepustate
$299 per monthTextRazor
$200 per monthPrecognox
€550 EUR /Adoreboard
$289 per monthDeep Talk
$90 per monthBabel Street
FreeSimple Decisions
€6 per monthKomprehend
$79 per monthKlazify
$89 per monthText mining software is a type ofprogram used to extract meaningful information from unstructured text data. It is part of the field of natural language processing (NLP) and can be used for tasks such as identifying relevant topics or trends in a text, finding textual correlations between documents, or classifying large blocks of text.
Text mining software typically uses machine learning algorithms to analyze text data sets, which may include web pages, social media posts, customer reviews, product descriptions, emails, and other digital sources. The most common types of machine learning algorithms used are supervised learning algorithms (e.g., Naive Bayes Classifier), semi-supervised learning algorithms (e.g., Support Vector Machines), and unsupervised approaches (e.g., cluster analysis). These algorithms treat each word in the dataset as an individual feature that contributes to the overall meaning of the text. Using these features as inputs, various models are trained on the data so they can accurately identify patterns in larger datasets and draw useful insights from them.
In addition to using machine learning algorithms, some text mining software also makes use of rule-based approaches such as named entity recognition (NER), sentiment analysis (which identifies emotion within a given piece of text), parts-of-speech tagging (which helps differentiate between words based on their roles within a sentence or phrase) , and lemmatization (which reduces words to their simplest forms). Depending on the nature of the application being created with the software, it might also leverage technologies such as keyword extraction or natural language processing to better understand words within context.
Text mining software is a versatile tool for helping businesses uncover insights about customers and products that would otherwise be difficult—or impossible—to obtain through manual means alone. It enables companies to quickly find new opportunities by tracking topics that customers mention often; comparing customer feedback based on product attributes; identify customer preferences; evaluating customer service performance; measuring success rates for marketing campaigns; detect emerging trends before they become popular; recognizing hidden relationships between different concepts; understand user behaviors across multiple platforms more effectively; monitor competitors’ activities more closely; assess consumer sentiment towards specific topics or brands over time; prioritize leads by understanding what resonates with consumers more efficiently; create more accurate segments based on demographic profiles/psychographics associated with users’ interests; and much more.
Text mining software is an important tool for analyzing and making sense of large amounts of unstructured text. It enables businesses, marketers, and researchers to extract meaningful information and insights from text-based data sources such as customer reviews, emails, social media posts, surveys, news articles, etc.
Text mining software helps uncover patterns that would be difficult or time-consuming to identify with traditional methods such as manual analysis or tabular data. By focusing on the context and meaning within unstructured data sets – rather than just keywords – the technology can provide deep insights about the sentiment expressed in any given document. For example it may detect themes such as customer satisfaction or dissatisfaction across a range of product reviews quickly and effectively.
The ability to glean value from natural language-based data has numerous applications including understanding customer sentiment towards a brand or product; detecting fraud; determining consumer purchase patterns; monitoring what people are discussing online about particular topics; gaining insight into competitor strategies; tracking potential threats associated with new products and more. This can give organizations an edge by allowing them to act faster when responding to emerging trends in the marketplace.
In this era of big data analytics where companies are turning increasingly towards predictive models to stay ahead of the competition, text mining software provides an accurate way to analyze large amounts of unstructured data and gain meaningful insights that can help inform business decisions. Allowing companies to make better use of their existing datasets while keeping up with industry standards is essential in order for them remain competitive and succeed in today’s marketplace.
The cost of text mining software can vary greatly depending on the type of software, the features and capabilities included, and the vendor. Generally speaking, text mining software is usually priced either as a one-time fee for an unlimited license or with a monthly subscription plan.
At the lower end of the market, basic text mining tools can range from free to around $200-$300 for a single user license. These include open source applications such as GATE (General Architecture for Text Engineering) or Python’s natural language processing library NLTK (Natural Language Toolkit). At this price range these options may lack some advanced features but are quite suitable for basic tasks like analyzing sentiment or extracting keywords.
For more comprehensive solutions such as those that provide support for more advanced algorithms like deep learning or AI-based data analysis and extraction, prices range much higher can go up to $2500 per user license. These packages may include custom development tools that allow users to create their own models and applications on top of existing libraries as well as access to third party APIs that can be used in combinations with proprietary algorithms.
Finally there are enterprise-level packages that typically offer substantial discounts when purchased at scale and require annual maintenance fees. These versions typically come equipped with powerful analytics capabilities, comprehensive security protocols, and additional services such as online training modules that help teams integrate into existing workflows faster than ever before. Prices for these types of packages start from around $5000-$7000 per user license but discounts can be negotiated based on deployment size.
Text mining software can be integrated with several types of software, including Business Intelligence tools such as Tableau, Microsoft Power BI and Qlik Sense; data analysis tools such as SAS and R; Natural Language Processing (NLP) platforms such as Amazon Comprehend, Microsoft LUIS and Google Cloud Natural Language API; predictive analytics software such as Apache Spark MLlib, TensorFlow and Orange; and machine learning development frameworks like Scikit-learn. Integration between text mining software and these other types of applications allows for more efficient collected data processing, improved accuracy of results, automation of certain processes, faster discovery from vast amounts of information sources, and enhanced visualization capabilities.