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

TechMileage Software Solutions

TechMileage(www.techmileage.com) is a Phoenix based software development company that aims to provide custom software development services & solutions to medium and small businesses. TechMileage combines the technical expertise with the experience gained over time, to produce the best possible IT solutions. TechMileage is committed to providing cutting-edge, high performance and cost effective IT solutions.

OTHER WHITEPAPERS
news image

Are Predictive Analytics Truly Predictive?

whitePaper | April 19, 2023

Unplanned downtime is one of the most significant pain points for industrial manufacturers today, costing them an estimated $50 billion each year. The risk is even greater for process manufacturing, where a critical equipment failure could result in the loss of an entire batch, environmental hazards, or safety risks. The adoption of digital technologies, such as the industrial internet of things (IIoT), promises to mitigate these threats by forecasting equipment failures and catching faults before they lead to unscheduled shutdowns. However, in practice, several challenges arise when maintenance personnel and operations leaders work to implement an IIoT solution aimed at eliminating unplanned downtime.

Read More
news image

Data Sharing Marketplaces for Dummies

whitePaper | October 14, 2022

It’s no secret that to fuel data-driven decision-making your business needs exceptional insights. To create them, the right people need fast, easy access to trusted, quality data.

Read More
news image

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.

Read More
news image

4 Powerful Reasons Why Your Organization Benefits With Data Sharing

whitePaper | October 18, 2022

We talk about striving to be data driven. But in doing so, we’ve skipped an important step. Today, we must first aspire to be data-sharing organizations. That means becoming businesses where data is easily and proactively shared with every relevant person. Otherwise, there will be no driving possible. We’ll be left in the dust, lacking the gas — the data — to fuel us ahead in the digital economy. Gartner® said, “According to the Sixth Annual Gartner Chief Data Officer Survey,1 respondents who successfully increased data sharing led D&A teams that were 1.7 times more effective at showing demonstrable, verifiable value to D&A stakeholders.”

Read More
news image

Vida for Retail: Rebooting Retail withthe Power of Data Analytics

whitePaper | January 11, 2023

There used to be a time when purchase decisions were based on recommendations of the neighborhood grocery manager. Today, these purchase decisions are driven by technology, bringing together the collective wisdom of consumers of the same product from across the world.

Read More
news image

Be (More) Wrong Faster – Dumbing Down Artificial Intelligence with Bad Data

whitePaper | June 24, 2022

The reactive approach to discovering, analyzing, and correcting data quality issues in business applications has been marginally effective throughout the era of data consolidation for analytics (data warehousing, etc.) and the subsequent onset of “big data.”

Read More

Spotlight

TechMileage Software Solutions

TechMileage(www.techmileage.com) is a Phoenix based software development company that aims to provide custom software development services & solutions to medium and small businesses. TechMileage combines the technical expertise with the experience gained over time, to produce the best possible IT solutions. TechMileage is committed to providing cutting-edge, high performance and cost effective IT solutions.

Events