We are living in a world that is evolving at a pace never before witnessed. We are more mobile and connected than ever, and we are capturing more data than ever from an ever-increasing number of sources. This interesting topic came to us from the Business Post in their article, “Data analytics: Reading between the lines.”
In the modern business environment, the ability of companies to derive insights in a timely manner from complex data sources is starting to become a key determinant of business success.
One of the biggest challenges for businesses right now is that the data they need frequently includes both unstructured and structured data. In fact, the fastest growing data source is unstructured, machine-generated data, which can be defined as any data that is generated directly from machines. Many elements of the business infrastructure now generate massive streams of data in a variety of formats that are difficult to process and analyze by traditional methods in a timely manner.
Melody K. Smith
Sponsored by Access Innovations, the world leader in thesaurus, ontology, and taxonomy creation and metadata application.