Pointers at Glance
- Almost 10-20 percent of the data generated by humans is structured, while the majority is unstructured data and unusable.
- With AI-enabled Unstructured Data Processing (UDP) technology, all types of organizations can transform unstructured data into powerful strategic assets.
Humans generate mind-blogging 2.5 quintillion bytes of data per person every day. Approximately 10-20 percent of the data is machine-readable, structured data, while the majority is unstructured and unusable.
Concealed within this sea of dark data lies the incredible transformational value. It is really staggering to understand the potential of unstructured data to drive innovation and enhance strategic design making for the people who can tap into it.
Unstructured data is the lifeblood of predictive, end-to-end automation and commercialized artificial intelligence (AI).
In previous years, less than 20% of enterprises were able to utilize unstructured data. But now, with the emergence of AI-enabled Unstructured Data Processing (UDP) technology, organizations of all types and sizes can transform this “dark” data into powerful strategic assets.
Findings From The Report On Unstructured Data Processing (UDP) Technology
Understanding the potential of unstructured data processing (UDP) technology, IAN has surveyed more than 300 digital transformation, RPA, and intelligent automation leaders. Then, with a bit of help from Veritone, they reported their findings from the survey.
Below mentioned are a few findings on how organizations responded:
- Moving beyond traditional UDP tools and embracing the next wave of innovation such as polygon annotation, cognitive machine reading (CMR), and sentiment analysis
- Leveraging UDP to drive innovation across the enterprise, from finance to customer service to product development
- Using UDP to deliver value to the business in the form of increased efficiency, improved customer experience, and accelerated innovation
The access stats and figures in the report pertain to:
- Top Vendors
- Top Areas of UDP Tech Investment
- Use Cases & Deployments By Function
The below image shows the stats of UDP in various functional areas proving the future of unstructured data in the next two years.
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