Generative AI has recently emerged as a groundbreaking technology and businesses have been quick to respond. Recognizing its potential to drive innovation, deliver significant ROI and add economic value, business adoption is rapid and widespread. They are not wrong. A research report by Quantum Black, AI by McKinsey, titled "The Economic Potential of Generative AI”, estimates that generative AI could unlock up to $4.4 trillion in annual global productivity.

NLP is a field of AI that enables machines to understand, interpret, and generate human language in a way that is both meaningful and contextually relevant. Recently, ChatGPT and similar applications have created a surge in consumer and business interest in NLP. Now, many organizations are trying to incorporate NLP into their offerings.