By 2025, the world’s data will likely reach 175 zettabytes in size, of which 80-90% will be unstructured. The unstructured data will be in the form of texts, emails, PDF, video files, customer presentation and interactions, and publicly available data such as annual reports, sustainability & CSR reports, product specs sheets, regulatory and legal documents, and patents fillings.
Enterprises all over the world are exploring ways to leverage and scale the hidden wealth of this underutilized unstructured data. However, owing to its’ free form, noise and quality concern, uncovering insights will be difficult.
According to IDC, 37% of the unstructured data can benefit businesses if adequately analyzed, leading to $430 billion in productivity gains. Thus, deriving insights and intelligence from such data is of the highest priority for enterprises.
Enterprises will gain a significant advantage by building solutions that acquire, manage, and deliver data and derive actionable insights.
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