3 Important Benefits of Analyzing Unstructured Data

Written by Common Computer Problems on April 23rd, 2018. Posted in Entity detection, Entity matching software, Geotagging

Document categorization software

While the financial industry often focuses on numbers, it’s important to thoroughly analyze text data as well. In fact, the International Data Corporation estimates that fewer than 1% of data ever becomes analyzed. Considering that, text mining is often utilized in order to bridge this huge gap of missing information. If you really want to find actionable insights concerning your business, it’s wise to consider utilizing the power of unstructured data extraction tools. With that in mind, here are three ways unstructured data extraction software benefits the banking industry.

  1. Analyzing Customer Feedback on Social Media

    Statistics gathered from the International Data Corporation found that the amount of data within the digital universe is expected to reach ove