Unlock the true potential of your unstructured data with AI
Posted: Mon Dec 23, 2024 4:13 am
It’s no secret that businesses have more data than ever before. That data is incredibly valuable and can help save money, redesign processes, and gain competitive advantage. The biggest obstacle? Much of that value is trapped and hard to access.
Businesses are always looking for insights into the growing amounts of unstructured data contained in documents, images, emails, etc. This sea of data is meaningless if it is not transformed into business value.
In this article we will cover the following topics
AI for unstructured data
Quality and accessibility of documents
Extracting Core Values and Data Points
Automation of repetitive tasks
Intelligent Document Processing (IDP)
Compliance with legislation
Next steps
Value of Unstructured Data
For a long time, it was difficult to derive value from unstructured data. Companies couldn’t manually process and analyze the sheer volume of facts, figures, and documents. It was time-consuming, error-prone, and expensive.
However, recent advances in innovative technologies have made it possible to automate the processing of vast amounts of data, allowing businesses to exploit the full potential of their content in a cost-effective manner.
By applying intelligent technologies for unstructured data management, businesses can benefit from four significant advantages:
Improve the quality and searchability of documents
Extract critical values and data points to structure information and streamline business processes
Automate manual, time-consuming tasks that are beyond the capabilities of robotic process automation (RPA) offerings.
Ensure compliance with legislation such as GDPR
Let’s look at each of these benefits in more detail.
Improve the quality and readability of documents.
No matter how valuable or useful your data is, it is useless if no one can find it when needed. The goal is to move from recreating information to reusing it repeatedly.
However, for many organizations, finding information pakistan mobile number list for whatsapp remains a major challenge. On average, a company with 1,000 employees wastes between €2.2 and €3.1 million per year searching for non-existent information, failing to find existing data, or recreating information that cannot be found (Source: IDC).
Some companies have already transformed their paper documents into machine-readable digitized text to improve the ease of finding information. It is easier to find the right information in a digital space than to physically go through each paper file.
Digitizing paper documents is an essential but often underestimated first step. If you don’t do it right, all files will be digitized but still hard to find.
Why? Let’s start at the very beginning.
Businesses are always looking for insights into the growing amounts of unstructured data contained in documents, images, emails, etc. This sea of data is meaningless if it is not transformed into business value.
In this article we will cover the following topics
AI for unstructured data
Quality and accessibility of documents
Extracting Core Values and Data Points
Automation of repetitive tasks
Intelligent Document Processing (IDP)
Compliance with legislation
Next steps
Value of Unstructured Data
For a long time, it was difficult to derive value from unstructured data. Companies couldn’t manually process and analyze the sheer volume of facts, figures, and documents. It was time-consuming, error-prone, and expensive.
However, recent advances in innovative technologies have made it possible to automate the processing of vast amounts of data, allowing businesses to exploit the full potential of their content in a cost-effective manner.
By applying intelligent technologies for unstructured data management, businesses can benefit from four significant advantages:
Improve the quality and searchability of documents
Extract critical values and data points to structure information and streamline business processes
Automate manual, time-consuming tasks that are beyond the capabilities of robotic process automation (RPA) offerings.
Ensure compliance with legislation such as GDPR
Let’s look at each of these benefits in more detail.
Improve the quality and readability of documents.
No matter how valuable or useful your data is, it is useless if no one can find it when needed. The goal is to move from recreating information to reusing it repeatedly.
However, for many organizations, finding information pakistan mobile number list for whatsapp remains a major challenge. On average, a company with 1,000 employees wastes between €2.2 and €3.1 million per year searching for non-existent information, failing to find existing data, or recreating information that cannot be found (Source: IDC).
Some companies have already transformed their paper documents into machine-readable digitized text to improve the ease of finding information. It is easier to find the right information in a digital space than to physically go through each paper file.
Digitizing paper documents is an essential but often underestimated first step. If you don’t do it right, all files will be digitized but still hard to find.
Why? Let’s start at the very beginning.