NLP is one of the most crucial components for structuring a language-focused AI program, for example, the chatbots which readily assist visitors on the websites and AI-based voice assistants or VAs. NLP as the subset of AI enables machines to understand written language and interpret the intent behind it by various means. A hoard of other tasks is being added via NLP like sentiment analysis, text classification, text extraction, text summarization, speech recognition, auto-correction, etc.
However, NLP is being explored for many more tasks. There have been many advancements lately in the field of NLP and also NLU (natural language understanding) which are being applied on many analytics and modern BI platforms. Advanced applications are using ML algorithms with NLP to perform complex tasks by analyzing and interpreting a variety of content.