Analytics Industry is all about obtaining the “Information” from the data. With the growing amount of data in recent years, that too mostly unstructured, it’s difficult to obtain the relevant and desired information. But, technology has developed some powerful methods which can be used to mine through the data and fetch the information that we are looking for.
One such technique in the field of text mining is Topic Modelling. As the name suggests, it is a process to automatically identify topics present in a text object and to derive hidden patterns exhibited by a text corpus. Thus, assisting better decision making.
Topic Modelling is different from rule-based text mining approaches that use regular expressions or dictionary based keyword searching techniques. It is an unsupervised approach used for finding and observing the bunch of words (called “topics”) in large clusters of texts.
Topics can be defined as “a repeating pattern of co-occurring terms in a corpus”. A good topic model should result in – “health”, “doctor”, “patient”, “hospital” for a topic – Healthcare, and “farm”, “crops”, “wheat” for a topic – “Farming”.
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