In the digital age, data has emerged as one of the most valuable assets for businesses across various industries. While structured data, neatly organized in databases, has been the traditional focus, there is an equally powerful and often untapped resource – unstructured data. Unstructured data, comprising text, images, videos and more, doesn’t fit neatly into traditional databases but holds immense potential for unlocking valuable insights. This interesting topic came to us from CIO in their article, “8 tips for unleashing the power of unstructured data.”
Unstructured data refers to information that lacks a predefined data model or is not organized in a structured manner. Unlike structured data, which fits neatly into tables and rows, unstructured data is diverse. This wealth of information often goes unnoticed, but advancements in technology and data analytics are changing the game, allowing organizations to extract meaningful insights from this seemingly chaotic data landscape.
Unstructured data holds a goldmine of information that can significantly impact business intelligence. Sentiment analysis of customer reviews on social media platforms can provide valuable feedback, helping businesses understand customer satisfaction and areas for improvement. Likewise, analyzing unstructured text data from emails and support tickets can uncover patterns that inform decision-making processes.
Making data accessible, structured or unstructured, is something we know. Whatever the search, it is vital to have a comprehensive search feature and quality indexing against a standards-based taxonomy. Choose the right partner in technology, especially when your content is in their hands. Access Innovations is known as a leader in database production, standards development and creating and applying taxonomies.
Melody K. Smith
Sponsored by Access Innovations, the intelligence and the technology behind world-class explainable AI solutions.