Bringing together multiple platforms – from chatbots to virtual assistants and machine learning to other breakthrough advancements, Conversational AI tends to develop a seamless mode of communication between machines and humans based on a natural, easily understandable language. NLP forms the very core that interprets human languages.
While the global Natural Language Processing market is forecasted to grow 14 times more by 2025 than what it was earlier in 2017, AI automation is here to transform Conversational AI. This article explores the recent developments in NLP for Conversational AI and how it aims to redesign the communication between humans and computer programs.
The very foundation of Conversational AI chatbots, natural language processing is the branch of AI that enables computers to understand human text and spoken words. There are some advanced technologies through which computers can process and understand human languages. These include named entity recognition (NER), deep learning models, tokenisation, computational linguistics, syntactic parsing, machine learning, rule-based modelling, etc.
As a result of constantly upgrading NLP technologies, computer programs can understand language, translate text, respond to user queries and share summaries of lengthy documents. All this happens in real-time and this is why NLP enjoys several use cases such as spam detection, email filters, text analysis, predictive texts, etc.
But what are the NLP tasks that break down complex human text into understandable chunks of information so that computer systems can act on it?
Some of the tasks which assist computers comprehend and make sense of what they are provided with are speech recognition, word sense disambiguation, co-reference resolution, natural language generation, named entity recognition, etc.
From digital assistants to customer service chatbots and voice-operated GPS systems to speech-to-text dictation software – NLP drives communication forward and ensures that the tone and voice of the machines sound less mechanical and more 'humane'.
The latest model GPT-3 (Generative Pre-trained Transformer 3) under Open AI's umbrella can write articles and generate codes and is an improved version of its predecessor, GPT-2. As a result of this, conversational AI chatbots have seen the light of day, saving massive time and effort to train new language systems.
Pre-trained language models go through rigorous training, and that is what makes them read better. The models learn word usage in different contexts and once they gain enough experience, they are prepared to take up the specific tasks. When a task-specific and relatively smaller dataset is fed to them, the final language models can perform tasks efficiently and with lesser errors.
As AI automation dominates the market simplifying processes and systems, Multilingual NLP Technology can be beneficial in carrying out compliance tasks.
Observing the current state of AI chatbots, we can say that a handful of NLP trends can flourish in 2023. Among these, the ones worth mentioning are Virtual Assistants, Multilingual Language Models, Transfer Learning and Text Summarisation.
With NLP, Conversational AI has immense possibilities. Whether it is providing excellent customer service or sharing appropriate responses to their queries through a Conversational AI chatbot, the future of man-machine relationships looks promising indeed.
As the world becomes more connected, thanks to social media and globalisation, local brands are opening up their products and services to a vast market. In such an atmosphere, NLP plays a crucial role in enterprise solutions leading to multiple positive outcomes – ranging from increased employee productivity to streamlining company operations and solving critical business issues.
Natural language processing is currently in a rapidly growing state and with the help of AI automation, it is likely to disrupt the technological field at a breakneck speed. As breakthroughs continue to happen at a regular pace, Conversational AI models are to develop further, creating smart machines with human-like communication traits.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.