“Big Data” is a buzzword in the modern technology industry. We all see it, hear it and recognize that it exists, but how do you manage it? As the amount of data that flows into your company from various programs and business processes continues to grow, how will you reign it in and use it to understand your current and potential clients better?
This data is then broken down into two types of data – structured and unstructured. Structured data is organized in a format that is easy to analyze and is searchable by search engine algorithms within a database. Unstructured data is data that does not reside in fields in a database and is in a raw format. This includes media, word processor documents, emails, videos, photos and most other business documents. This is the data that keeps growing.
According to Newman, 90 percent of the world’s big data has been created within the last two years. Studies also show that the amount of new data will grow by 60-80 percent in the next year.
All of this data may seem like an overwhelming burden, especially if you work in your company’s financial or human resources department that receives invoices and other financial documents on a daily basis. However, there are some ways that you can tame the unruly unstructured data coming in through different channels.
How does your organization utilize or manage big data?
by MetaViewer Paperless ERP for Microsoft Dynamics