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An example is the extraction from newswire reports of corporate mergers, such as denoted by the formal relation: , from an online news sentence such as: Yesterday, New York based Foo Inc.
Rule-based approach is one of the oldest NLP methods in which predefined linguistic rules are used to analyze and process textual data. Rule-based approach involves applying a particular set of rules or patterns to capture specific structures, extract information, or perform tasks such as text classification and so on.
Information extraction is the process of extracting specific (pre-specified) information from textual sources. One of the most trivial examples is when your email extracts only the data from the message for you to add in your Calendar.
Recalling the memory of your son drinking juice is an example of retrieval. Before this point, the memory had been stored into long-term memory and you were not consciously aware of it. Retrieval is the process of accessing information stored in long-term memory.
What are the Applications of Information Extraction? Information Extraction has a wide range of practical applications across numerous industries, including healthcare, finance, media monitoring, and scientific research.
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extract something from someone After much persuasion they managed to extract the information from him. At the nuclear reprocessing plant they extract plutonium from spent atomic fuel rods. A refining process is used to extract usable fuel from crude oil. The doctor succeeded in extracting the peanut from Jacks nose.
Information extraction refers to the process of starting from unstructured sources (e.g., text documents written in ordinary English) and automatically extracting structured information (i.e., data in a clearly defined format thats easily understood by computers).

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