What the heck is Natural Language Processing anyway?
Published by Scott LeForce under General.
Image by HomeBiss via Flickr
A good friend and business associate recently turned me onto a new source of powerful information I thought was very interesting and fun to use. It is a computational knowledge engine that is in its early but exciting stages of development. This application is based upon natural language processing, which simply means you can compute massive mathematical computations by using simple language. The site is http://www.wolframalpha.com/ . However, I recommend watching the short presentation before using the application.
What can it do for us in real estate? Well, it will calculate debt payments; give you the estimated value distribution of properties in an area; display histories of prices and medians with interactive graphs and just about anything you can verbalize into a mathematical sequence including internal rates, etc. Why would you not want cool stuff like that, especially if it’s that easy to use?
I thought it was interesting and certainly a different perspective to learn that I’ve been alive 18,244 hours. Put your birthday in; your LDL level; find nutrient levels, etc…
I’ll wrap up by asking to watch this presentation. Even if you don’t use the site you should know about it.
And I always thought natural language processing was something humans did since the dawn of time…
