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Enterprises are generating an enormous amount of data every day. However, 80% of this data is unstructured, and it is estimated to grow exponentially by 55–60% every year.
Unstructured data, which includes operational documents such as contracts, emails, multimedia content, customer interactions, and publicly available data, including annual reports, sustainability reports, regulations, and patents, are present in diverse sources and formats.
Hence, only a fraction of this unstructured data is utilized by enterprises for informed decision-making and creating differentiated business value.
Watch the webinar on-demand by Straive (Top 20 Most Promising Big Data Solution Providers – 2020, by the CIOReview).
Murugesh Mayandi is responsible for Straive’s Data Solutions division and leads the strategy, delivery, and technology solutions to accelerate business value for our data clients around the world. His current focus is to architect our Straive Data Platform, solve unstructured data challenges at an enterprise scale and help businesses build next-generation data supply chains.