Text analytics software and business processes apply natural language processing to extract business insights from text sources like social media, online content, and enterprise data. The document discusses what is currently working well in text analytics, such as its application in conversation, customer experience, finance, healthcare, and media, as well as its use of techniques like bag-of-words modeling and entity extraction. The document also outlines emerging areas for text analytics, such as analysis of narrative, argumentation, integration of multiple data sources and languages, and understanding of affect and emotion.