Text analytics

Big Data” is a hot topic in the business world these days. A subset of this broad field that is keep aquiring a lot of attention is “Text mining”. You’re probably going to be hearing a lot more about it over the coming years. Basically, text mining is the process of combing through countless pages of plain-language digitized text to find useful information that’s been hiding in plain sight.

Recently i have been working in Text Mining Techniques. One of the most important techniques used in Text Mining is keyword extraction. Keyword extraction is a fundemental step in Text Mining for Information Retrieval Systems.

Google DocsOn the other Google Docs are a free, web-based word processor, a spreadsheet program, and a presentation program respectively, all part of an office suite offered by Google within its Google Drive service. It was formerly a storage service as well, but has since been replaced by Google Drive. It allows users to create and edit documents online while collaborating with other users live.

Growing adoption of and satisfaction with Google Apps is placing the messaging and collaboration suite at the center of corporate IT. The 2014 State of the Google Apps Ecosystem report includes responses from 1,158 Google Apps administrators and end-users surveyed between December 2013 and January 2014 and reveals that Google Apps users are highly satisfied with the suite and see third-party applications as important players in the transition to the cloud. Moreover, the survey shows a willingness from end-users and IT administrators alike to spend their own funds on third-party products and the diminishing use of Microsoft Office.

You can read the 40 Stats Will Change the Way You Think About Google Apps. 8 out of the 40 stats are here:

  1. There are two primary suppliers competing for the cloud office system business: (1) Google, with Google Apps for Business; and (2) Microsoft, with Office 365. Both Google and Microsoft sell these services through resellers as well as directly. SOURCE 
  2. There were 50 million business people provisioned in whole or part with cloud office systems capabilities at the start of 2013. Those 50 million are only 8% of the overall universe of office system users. SOURCE 
  3. The universe of office system users is huge and growing. In the enterprise space, Gartner estimates that 630 million business users are currently using office systems (or some portion thereof), and expects that number to grow to 1.158 billion by 2022 (a 6.3% compound annual growth rate [CAGR]). SOURCE 
  4. The worldwide cloud computing market will grow at a 36% compound annual growth rate (CAGR) through 2016, reaching a market size of $19.5 billion by 2016. SOURCE 
  5. Gartner is expecting cloud office system users to constitute 33% of the enterprise universe in 2017. SOURCE 
  6. The number of cloud-provisioned office system users will grow 28.5% a year to 695 million users by 2022 (and constitute 60% of the larger user universe that will exist by then). SOURCE 
  7. Security is the biggest pain point and roadblock to cloud computing adoption (30%). Migration and integration of legacy and on-premise systems with cloud applications (18%) is second, and lack of internal process (18%) is third. SOURCE 
  8. The median enterprise cloud computing budget is $675,000 and the mean enterprise cloud computing budget is $8,234,438. SOURCE 

Recently, I have developed a A Google Doc Application for realtime extraction of keywords from Google Docs. Below you can find a small video displaying the application of realtime keyword extraction from a simple Document e.g. the first paragraph of the Wikipedia word "Earth". The whole application is under developing and i can not share the details yet!