Named Entity Recognition (NER) concentrates on picking out which items in a text ("named entities") will also be located and categorised into pre-outlined categories. These classes can variety from the names of people, group, locations to financial values and percentages.
Simply take a appear on the following example:
Earlier than NER: "Kevin bought 300 shares of SAP in 2016."
After NER: "[Kevin]Person bought 300 shares of [SAP]Organization in Time."