Unstructured data impacting the value chain
2023-09-20In today's digital age, data is often referred to as the new oil. However, not all data is created equal. Unstructured data, which comprises a significant portion of the information generated daily, has emerged as a game-changer for businesses across various industries. This unstructured data, such as text, images, videos, social media posts, and more, is transforming the way companies operate, innovate, and create value in their respective value chains.
Unstructured data is having a significant impact on the value chain of businesses in a number of ways. Unstructured data is a valuable asset for businesses that can be used to improve their operations, make better decisions, and gain a competitive advantage.
However, it is important to note that unstructured data can be difficult to collect, store, and analyze. Businesses need to have the right tools and technologies in place to be able to effectively leverage unstructured data.
There are many cutting-edge AI platforms that are helping organizations make sense of unstructured data. Some of the most popular platforms includes: Google Cloud AI Platform, IBM Watson, Microsoft Azure AI, Amazon Web Services (AWS) AI Services, Sapient DataSolve. These are just a few of the many cutting-edge AI platforms that are helping organizations make sense of unstructured data. The best platform for a particular organization will depend on its specific needs and requirements.
There are some of the specialized algorithms and knowledge graphs that are used by these AI platforms to extract insights from unstructured data:
· Natural language processing (NLP)
· Machine learning (ML)
· Knowledge graphs
This technology empowers businesses to extract and understand valuable insights, revolutionizing the way they harness information for better decision-making and innovation.
Going forward, Unstructured data fuels innovation by revealing emerging trends and customer needs, giving rise to inventive products and services. Additionally, it enhances operational efficiency, automating processes and reducing costs.
Furthermore, it aids in risk management, providing early insights into potential threats. In essence, unstructured data empowers businesses to adapt, compete, and excel in an increasingly data-centric environment.
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