The model can be represented as a table containing the frequency of the words and the words themselves. In the Bag of Words model, the text document is represented by a bag of words. There are two approaches to convert unstructured data to a structured form. Once extracted, the unstructured data needs to be converted into a structured form that can be further analysed by Machine Learning algorithms. In a business context, unstructured data can include books, financial and other business reports, news articles, blog posts, emails, images, videos, surveys, social media posts, etc. As per statistics, 80% of all the available data is unstructured data. Data may come in various forms- structured, unstructured and semi-structured. Individuals and organizations generate tons of data every day. Text mining or Text Analytics is the process of getting useful insights from the text.
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