Why organisations need to convert Unstructured data to Structured Data and derive meaningful Insights?

The amount of unstructured data and it’s creation rate in the world is increasing at unprecedented levels. Organizations are aggregating such unstructured data at one single place and are separating the required meaningful information from such irrelevant unstructured data.

These unstructured data, when combined with behavioral information and surveyed data helps in getting rich insights. Gathering and analyzing such unstructured information is giving businesses more insights than ever before.

How to define Structured data?

In simple words any data that can be correlated with the relationship keys and a schema is followed, can be said as structured data. The pattern of such data can be easily searched. Nowadays, maximum processing is happening on this type of data. They will be in form of text, stored in Relational databases and data warehouses, that can be created by humans or machines.

How to define Unstructured data?

Data that has no structure and no schema followed, can be said as unstructured data.
The pattern of such data cannot be easily searched. It can also be generated by humans as well as machines. They can be in form of text, video, audio etc but the condition is that no schema or structure is followed. We can also store unstructured data in NoSQL databases, data warehouses.

A simple example of unstructured to structured data conversion would be:

Data is meaningless without structured formats. Nearly 85% of enterprise data is in unstructured formats.

Need for Structured Data?

• Unstructured data takes enormous time to sort out and may or may not yield any insights.
• Data is only useful if it can be converted from unstructured to structured formats smartly, effectively and quickly.
• This unstructured data, when combined with behavioral information and survey data, helps in getting rich insights.
• Smart data for business helps in understanding the consumers in a better way which helps further in taking strategic decisions.

Conclusion

Useful information is emerging everyday around us in different unstructured formats. Visionary companies have already started deriving insights by reliable unstructured to structured data conversion techniques. To know more about how Neurapses can help you in unstructured to structured data conversion, connect with us for a free consultation with our experts.