Named-entity recognition (NER) (also known as entity identification, entity chunking and entity extraction) is a subtask of information extraction that seeks to locate and classify named entities in text into pre-defined categories such as the names of persons, organizations, locations, expressions of times, quantities, monetary values, percentages, etc.
Most research on NER systems has been structured as taking an unannotated block of text, such as this one:
And producing an annotated block of text that highlights the names of entities:
In this example, a person name consisting of one token, a two-token company name and a temporal expression have been detected and classified.
State-of-the-art NER systems for English produce near-human performance. For example, the best system entering MUC-7 scored 93.39% of F-measure while human annotators scored 97.60% and 96.95%.
In the expression named entity, the word named restricts the task to those entities for which one or many rigid designators, as defined by Kripke, stands for the referent. For instance, the automotive company created by Henry Ford in 1903 is referred to as Ford or Ford Motor Company. Rigid designators include proper names as well as terms for certain biological species and substances.
Full named-entity recognition is often broken down, conceptually and possibly also in implementations, as two distinct problems: detection of names, and classification of the names by the type of entity they refer to (e.g. person, organization, location and other). The first phase is typically simplified to a segmentation problem: names are defined to be contiguous spans of tokens, with no nesting, so that "Bank of America" is a single name, disregarding the fact that inside this name, the substring "America" is itself a name. This segmentation problem is formally similar to chunking.
Temporal expressions and some numerical expressions (i.e., money, percentages, etc.) may also be considered as named entities in the context of the NER task. While some instances of these types are good examples of rigid designators (e.g., the year 2001) there are also many invalid ones (e.g., I take my vacations in “June”). In the first case, the year 2001 refers to the 2001st year of the Gregorian calendar. In the second case, the month June may refer to the month of an undefined year (past June, next June, June 2020, etc.). It is arguable that the named entity definition is loosened in such cases for practical reasons. The definition of the term named entity is therefore not strict and often has to be explained in the context in which it is used.