Answer:
Entity Extraction also know as Named Entity Recognition or Named Entity Extraction is a subtask of Information extraction that is used to identify and classify atomic elements in text into predefined categories like people, places, organizations and products. These are generally proper nouns and constitute ‘who’ and ‘where’. However there may be other named entities which can be interesting like dates, addresses, phone
numbers and website url’s. Ability to extract these kind of named entities can essential based on what we are trying to achieve.
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