• Analytics from AI and machine learning algorithms
• Sensor data
• Functional data from IoT devices
• Geospatial data
• Weather data
• Surveillance data
• Productivity applications
• Text files (e.g., emails, spreadsheets, chatbots)

   

In fact, it is almost impossible to run a successful business today without accessing, analyzing, and visualizing the insights found within your unstructured data.

Main Challenges of Unstructured Data Management

Along with providing highly valuable business intelligence, unstructured data also presents some significant data management challenges.

Expense

Although the cloud is often touted as a low-cost alternative to traditional, in-house data storage solutions, the massive quantity of data that organizations are managing today can significantly increase costs for cloud-based storage.

To keep storage expenses in check, it’s helpful to evaluate all of your organization’s data and create separate storage strategies for data that is largely unchanging and data that is accessed and modified frequently.

The unchanging or “cold” data can be stored in unmanaged cloud-based storage, freeing up your budget for storing the “hot” data that requires regular backup and replication.

Legacy data management systems are another potential source of extra outlay. Legacy systems often do not play well with modern unstructured data management solutions, which can require custom-building a solution to effectively process and manage high volumes of unstructured data.

Complexity

Unstructured data also introduces additional complexity into enterprise data analytics. With a large amount of raw, unorganized data flowing in from many disparate sources, indexing is difficult and error-prone due to unclear structure and lack of predefined attributes.

This disorganization and lack of well-defined attributes makes it difficult for analysts to determine which datasets are relevant to a particular use case and whether the data is high-quality and trustworthy.

How Investing in Unstructured Data Management Will Improve Your Analytics

Despite the challenges inherent in managing unstructured data, the positive impact a solid strategy will have on the quality of your analytics—and, by extension, your business outcomes—makes the investment worthwhile.

At the highest level, an effective unstructured data management strategy provides all users, not just data scientists, with a comprehensive data story that can be used to drive decision-making throughout the enterprise.

When managed well, unstructured data adds flexibility to the types of insights that can be gathered from the data because it isn’t constrained by a fixed schema. This also makes it easier to collect, distill, and correlate information from heterogeneous sources.

From a practical standpoint, unstructured data management makes data portable and scalable throughout the organization so users can confidently take action on relevant insights, from enabling predictive analytics to improving operational decision-making to increasing marketing intelligence.

What’s Next for Unstructured Data Management?

As rapid technology adoption continues to define and shape the enterprise business landscape, many organizations are looking for ways to manage high volumes of unstructured data efficiently and profitably.

Virtualitics AI Platform leads the industry in AI-based data analytics and multi-dimensional visualizations to empower organizations in every industry to take control of their complex data management and put that data to work for them.

Don’t waste more effort trying to decipher your unstructured data. Contact Virtualitics to request a demo of Virtualitics AI Platform.