Risky Business and Shoddy Practices – Yes, I’m Talking to You
Gartner reports that 85 percent of information in a company is unstructured – IBM estimates 80 percent – and that an organization’s information doubles every 18 months. Less than 1 percent is even analyzed – it is just sitting there untouched, unused, with no corporate value.
How does a company begin to manage, organize or analyze that data? And why should it? Poor search results would be the most frequent answer, but the inability to manage a corpus of content also impacts records management, data privacy, and compliance, and prohibits text mining that can offer insight and improve decision making. Big issues in today’s corporate world and risky business.
I recently read that most executives don’t perceive unstructured data to be of value. Perhaps cybersecurity and the focus on privacy data will prove to be a wake-up call. However, we have many clients that place importance on unstructured and semi-structured data, and have realized it holds insight and value just waiting to be unlocked and used to business advantage.
An interesting case study explores how one of our clients, a medical research university, tackled the problem of poor information retrieval and transparency. Another client, a diversified investment management firm, needed to improve search for its staff. Both found significant value in their unstructured data, and were able to transform this content into knowledge assets. How about your organization?
Our webinars also address the topics explored in our blogs. Access all our webinar recordings and presentation slides at any time, from our website, in the Recorded Webinars area, via the Resources tab.