Answer the questions in requirement section.
For this assignment, please provide responses to the following items:
(a) What is the value of performing text analysis? How do companies benefit from this exercise?
(b) What are three challenges to performing text analysis?
(c) In your own words, discuss the text analysis steps (i.e., parsing, search and retrieval, and text mining).
(d) What are three major takeaways from this assignment?
Requirements:
Work must be 2 FULL pages(more than 1000 words), single spaced, 12 font Times New Roman. The cover and reference page must be on separate pages with at least 8 reputable sources.You should have at least one in text citation for every reference and try to use reference other than or in addition to the uploaded textbook. Must contain a properly formatted in-text citation and scholarly reference.
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Text Analysis
Text analysis is the act of getting information from text automatically. The information can be extracted from tweets, product reviews, survey responses, emails or support tickets. The firms may abstract specific information like keywords, company information or even names. Moreover, the information may be used for categorizing tags with text in regards to topic or sorting them as positive or negative. Basic methods of text analysis include word frequency, collocation and concordance.
(1,305 words)