AssemblyAI has released a new feature for its Speech-to-Text API called Entity Detection, which identifies and categorizes key information in text. This feature can detect entities such as names of people, organizations, addresses, phone numbers, social security numbers, locations, and more. The process involves identifying entities and classifying them into categories like "person_name," "phone_number," or "occupation." Entity Detection is useful for various industries, including telephony and CRM platforms, hiring platforms, virtual meeting platforms, voice bots, and medical applications. By collecting this entity information, companies can perform analytics to improve customer understanding, adjust marketing campaigns, modify products, and more.