System and method for method and system for event profiling is described that processes large volume of data gathered from a plurality of digital sources to automatically profile and continuously update an event. The system utilizes, an ensemble of probabilistic classifiers for automated extraction of finer details of the event, which use linguistic features for profiling information about the event, wherein the information is spread across various data sources. Further, disambiguation is performed to augment the accuracy of the event profiling. The system enables semantically linking of related events curated in the knowledge base and thereby performs semantic search over it. The system takes user-feedback and improves upon the information extraction process through reinforcement learning.