AI and Natural Language Processing propel each other,
because most of human knowledge and interaction is textual. What is textual is
globally always multilingual. The LT-Accelerate Conference (Brussels, Nov
20-21) focuses on Text Analytics, AI, and related subjects. The speakers, CEO
of SMEs, project leads/data scientist of larger companies, and NLP/AI
researchers, provided amazing insights into the progress the field has made in
the last year.
Needless to say, also here the industry’s buzzwords Deep,
Neural, Machine Learning are ubiquitous. Luckily innovators have become much better
in explaining the concepts behind and how to use them. Open Source Software puts
these powerful tools also in the hand of smaller teams. Matthew Honnibal from
spaCy summarized on use case nicely: “You shall know a word by the company it keeps”.

Demanding requirements, but when done right text analytics strongly correlates with survey results. Only that it is much cheaper. Therefore the industry is bullish that their currently still small 3% share of the $65B spent annually on market research will grow dramatically.
Mike Hyde, former Skype’s Director of Data and Insights, explained
why Bots are the new Apps. These bots need to understand language. They
must have access to and make sense of enterprises knowledge. And the bots have
to be polyglot. A rich playing field for language technology deployed on top of
a Multilingual Knowledge System.
Many believe Machine Learning can do miracles. And ML does,
as long as there are mountains of good data at hand. For example, Google claims
to have outperformed humans in lip reading (automatic speech recognition of
vids is at 95-98% accuracy, so lots of data). Microsoft claims that they do as well as humans in describing pics in one sentence.
However, often there aren't humongous
amount of data available. Obviously “>80%” accuracy doesn’t cut it, when
applications deal with serious matters such as health, legal, or money. The
community agrees that for most use cases Machine Learning needs to be based on
human knowledge: on taxonomies, ontologies, and terms.