The hidden value of unstructured data

May 2, 2019

It’s important to understand that not all data is the same. Structured data is most often located in cells in a database, and usually deals with a clear, predetermined business purpose. Instead, unstructured data is most everything else. The most complex portion of unstructured information is textual social media data, news feeds, transcripts, documents, etc. It can’t be easily organized into a database, and it can be ambiguous and difficult to manage because it is characterized by an important trait: human language. Unstructured data is the opposite of structured data: everyday language can contain endless amounts and types of information, is expressed in many different ways, and meaning depends significantly on context. For example, consider that the 500 most common words in everyday language have an average of 23 different meanings. This means that even a simple sentence of just 10 words could have a huge number of different meanings.

Spotlight

Optier

OpTier, headquartered in New York, empowers businesses to quickly address key enterprise challenges in highly complex environments. OpTier’s patented technology creates a single record from every customer interaction, regardless of channel or geography, without the need for application modifications. These customer interaction records transcend technical and organizational siloes, and provide a single source of truth for how customers interact with your business. OpTier brings the data to life with a new, real-time analytics solution and an award-winning Application Performance Management (APM) solution. To learn more about OpTier, visit www.optier.com.

OTHER WHITEPAPERS
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GBM-Security

whitePaper | November 15, 2019

We are living in an era of digital disruption. Multiple industries are being disrupted, or fear being disrupted in the near future. Business models are evolving to cater to the dynamic markets and digital transformation that seems to be the answer to changing business models. Digital transformation is rapidly becoming a key priority in most industries, as organizations adapt to changing markets by leveraging technologies to build IT-centric business models. In general, organizations are using digital transformation to reach their goals of achieving greater agility, improving operational efficiency, improving customer experiences, and developing new revenue streams.

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Active Data Governance Methodology

whitePaper | February 10, 2022

Modern data governance leaders are searching for the role that governance should play in delivering high-quality data.

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How AI-Powered Analytics Transforms LIMS Data into Valuable,Action-Ready Insights

whitePaper | December 5, 2022

When modern LIMS software overtook traditional paper-based record-keeping in the lab, operations in every industry improved. Automated data collection drove efficiencies at the bench. Cloud solutions accelerated knowledge-sharing between partners. Built-in security and permission features enhanced data integrity. There’s hardly a lab in operation right now that hasn’t gained from this leap towards digital transformation.

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The Blueprint for a Data Governance Program

whitePaper | August 25, 2022

Most organizations realize data governance is necessary - if not indispensable - for mitigating data risk while sustaining its longterm value. However, there’s still a fair amount of ambiguity around what exactly data governance is and how to best implement it. By definition, data governance is an enterprise-wide initiative for formalizing the processes, people, and protocols for using data. It reduces risk while increasing data’s ultimate value: consistent reusability for achieving mission critical objectives. Data governance is a strategic approach for creating unassailable trust in data throughout the enterprise.

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How Analytics & Data Science Teams can leverage the Semantic Layer

whitePaper | June 3, 2022

Analyzing data has been a unique business activity for at least 5,000 years, and possibly as long ago as 20,000 years. We have come a long way in how we count, summarize, analyze, predict, and prescribe upcoming courses of action in science, business, and all fields of human endeavor. In the past 75 years, the progress in how we analyze data has increased exponentially. We now regularly build analytical models and complete applications that analyze massive amounts of data.

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Accountability and Traceability White Paper & Research Roadmap

whitePaper | April 18, 2023

The MIT Future of Data Initiative is leading a multi-disciplinary research agenda to design and stimulate the deployment of consumer-empowering and accountable systems to provide trusted, traceable uses of personal data on an ecosystem-wide scale. The Initiative has gathered together computer science and Internet policy researchers as well as leading commercial enterprises in financial services, payment technology, cloud platforms, insurance and other sectors to discuss current challenges and opportunities in privacy and data governance. Today’s modern privacy laws place appropriately high expectations on organizations processing personal data. At the same time, consumers report declining trust in those who handle their personal data and regulators around the world struggle with the scale of the enforcement challenge. We aim to identify and put into service technical infrastructure for enterprises seeking to handle personal data in a trustworthy and lawful manner with guardrails to enable the traceable, accountable, and scalable use of data.

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Spotlight

Optier

OpTier, headquartered in New York, empowers businesses to quickly address key enterprise challenges in highly complex environments. OpTier’s patented technology creates a single record from every customer interaction, regardless of channel or geography, without the need for application modifications. These customer interaction records transcend technical and organizational siloes, and provide a single source of truth for how customers interact with your business. OpTier brings the data to life with a new, real-time analytics solution and an award-winning Application Performance Management (APM) solution. To learn more about OpTier, visit www.optier.com.

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