Interestingly enough, enterprises are using only about 25 percent of their unstructured data for insights and decision-making. A recent survey revealed this, as well as the fact that they are using 35 percent of their structured data for the same purposes. One reason for the lag is that unstructured data is not as straightforward to analyze and interpret. KMWorld brought this news to us in their article, “Text analytics broadens its reach.”
The survey was conducted by Forrester. Their VP and principal analyst, Boris Evelson, reminds everyone that “many steps are involved in text analytics.” These steps include accessing data sources, extracting and processing the data, performing advanced statistical analyses, and interpreting and enriching it with domain knowledge. The value of the analyses is significant, and that is being recognized by more and more companies.
Content analytics has reached new levels of reliable information extraction at high content volumes. By eliminating the complexity of a solutions-based approach, customers have greater findability and better results. It is so very important to choose a product that makes your content findable – easily and thoroughly. Access Innovations is one of a very small number of companies able to help its clients generate ANSI/ISO/W3C-compliant taxonomies and associated rule bases for machine-assisted indexing.
Melody K. Smith
Sponsored by Access Innovations, the world leader in taxonomies, metadata, and semantic enrichment to make your content findable.