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Evaluating Named Entity Recognition: Comparative Analysis of Mono- and Multilingual Transformer Models on Brazilian Corporate Earnings Call Transcriptions


Core Concepts
Evaluation of Transformer models for NER tasks in Portuguese financial texts.
Abstract
The content discusses the evaluation of named entity recognition using mono- and multilingual transformer models on Brazilian corporate earnings call transcriptions. It covers dataset collection, weak supervision annotation, model fine-tuning, and performance analysis. Key highlights include the framing of NER as a text generation task, comparison of BERT and T5 models, macro F1-score results ranging from 98.52% to 98.99%, memory and time consumption differences between models, and insights into entity recognition approaches.
Stats
The macro F1-score achieved by the models ranged from 98.52% to 98.99% BERTimbau consumes 4.5 GB of memory and 2 minutes for inference using the test dataset, whereas PTT5 requires 13.2 GB and 27 minutes.
Quotes
"Framing NER as text generation with T5, surpassing prior methods." "BERT-based models consistently outperform T5-based models."

Key Insights Distilled From

by Ramon Abilio... at arxiv.org 03-20-2024

https://arxiv.org/pdf/2403.12212.pdf
Evaluating Named Entity Recognition

Deeper Inquiries

How does the approach of reframing NER as a text generation task impact model performance?

Refraiming Named Entity Recognition (NER) as a text generation task can have significant impacts on model performance. By transforming the token classification problem into a sequence-to-sequence format, models like T5 are able to generate sentences with annotated entities rather than classifying individual tokens. This approach allows for more context-aware predictions and enables the model to understand relationships between words in a sentence better. One key advantage of this approach is that it simplifies the training process by treating NER as a natural language understanding task rather than just pattern recognition. It also helps in capturing long-range dependencies within sentences, which can be crucial for accurate entity recognition. Additionally, framing NER as a text generation task provides flexibility in handling complex entity structures and varying lengths of entities within sentences. The generated output can directly reflect the contextual information present in the input sentence, leading to more coherent and accurate results. Overall, by adopting this methodology, models may achieve higher precision and recall rates due to their enhanced ability to capture semantic relationships between entities and surrounding words in textual data.

What are the implications of the discrepancies observed in monetary values by PTT5 and mT5?

The discrepancies observed in monetary values by PTT5 and mT5 have several implications for Named Entity Recognition (NER) tasks: Accuracy Concerns: Discrepancies in recognizing monetary values indicate potential challenges related to accuracy when dealing with financial data. Inaccurate identification of such critical information could lead to errors in downstream applications like financial analysis or automated reporting. Consistency Issues: Consistent identification of monetary values is essential for maintaining data integrity across financial documents. Any inconsistencies introduced by mislabeling or altering these values could result in misleading analyses or decisions based on extracted information. Model Robustness: The ability of models like PTT5 and mT5 to accurately handle variations in formatting or expressions related... 4....

How can the findings from this study be applied to other languages or domains?

The findings from this study hold valuable insights that can be applied beyond Portuguese-language texts from Brazilian banks: 1.... 2.... 3....
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