In this paper we give a synoptic view of the growth of the text proces
sing technology of information extraction (Ie) whose function is to ex
tract information about a pre-specified set of entities, relations or
events from natural language texts and to record this information in s
tructured representations called templates. Here we describe the natur
e of the re task, review the history of the area from its origins in A
I work in the 1960s and 70s till the present, discuss the techniques b
eing used to carry out the task, describe application areas where IE s
ystems are or are about to be at work, and conclude with a discussion
of the challenges facing the area. What emerges is a picture of an exc
iting new text processing technology with a host of new applications,
both on its own and in conjunction with other technologies, such as in
formation retrieval, machine translation and data mining.