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The YouTube tutorial is about business analytics and text mining modeling using Python, specifically focusing on text collection and transformation. The instructor, Prof. Gaurav Dixit from the Indian Institute of Technology Roorkee, discusses the differences between text mining and data mining modeling, emphasizing the need to deal with unstructured text. Previous lectures covered Python modules and basic expertise in the Python environment, with a recap provided before delving into important aspects of text mining modeling. The lecture will continue from where it left off in the previous session.