{"id":11076,"date":"2016-09-07T07:38:11","date_gmt":"2016-09-07T07:38:11","guid":{"rendered":"http:\/\/www.intelligentcio.com\/me\/?p=11076"},"modified":"2016-09-07T07:38:11","modified_gmt":"2016-09-07T07:38:11","slug":"harness-the-power-of-data-chaos","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/me\/2016\/09\/07\/harness-the-power-of-data-chaos\/","title":{"rendered":"Harnessing the power of data chaos"},"content":{"rendered":"

The Era of Data Chaos has arrived. Businesses need a better way to face the mountains of data created every day. Depending on the industry, your company possesses between 1 million and 12 million gigabytes of information. Most of that data is unstructured. Of course, this makes document management chaotic. Unstructured data is the information that does not fit into neat rows and columns. It overtook structured data several years ago, and by 2020 it\u2019s estimated that unstructured data will total over nine times the volume of structured data, writes\u00a0Siddhartha Bhattacharya, VP Marketing, Kodak Alaris Information Management.<\/em><\/span><\/p>\n

According to Bob Larrivee, Chief Analyst of\u00a0AIIM Market Intelligence<\/span><\/a>: \u201cFor many organisations I have spoken with, indications are that 80-90% of their information\/content still consists of unstructured information, in that it is poorly organised if at all, resident across the enterprise in network drives, emails, shared drives, and even portable devices that include removable storage and mobile devices. Cloud is becoming a part of many enterprise information ecosystems, but is typically not integrated and may be used in an unofficial\/unauthorised manner.\u201d<\/p>\n

This presents two problems:\u00a0<\/b>\u00a0<\/span><\/p>\n

    \n
  1. You are managing more data, from more sources<\/span><\/li>\n
  2. Most of that data is unstructured\u00a0<\/span><\/li>\n<\/ol>\n

    Existing data management methods, which were made for structured data, are insufficient to tackle either challenge efficiently. According to <\/i>Forbes<\/span><\/a>, <\/i>only <\/i>0.5% of business data is ever analyzed and used.<\/span><\/p>\n

    The struggle is universal, spanning industries and functions alike, leading to a shared pain among business leaders. At Kodak Alaris, we call this pain \u201cData Chaos.\u201d\u00a0<\/span><\/p>\n

    The answer: Digital transformation<\/b><\/span><\/p>\n

    Data management and big data initiatives have been buzzworthy subjects for years. But for most organisations, big data remains just that – a big pile of data. Unless companies extract meaning from the chaos, they miss opportunities to grow.<\/span><\/p>\n

    According to\u00a0McKinsey, big data is the most anticipated digital growth enabler, but the least likely digital initiative to receive investment. The same study demonstrated that 93% of business executives anticipate growth due to Digital Transformation initiatives.<\/span><\/p>\n

    Digital Transformation involves the improvement of business processes by pulling insights from integrated data.<\/span><\/p>\n

    It makes sense: the volume and complexity of data, and its scale for an average business, requires the flexibility and elasticity provided by digital. After all, once business processes have been digitized, they are more able to…<\/span><\/p>\n