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Report: 91% of high information execs agree that managing unstructured language information should be addressed


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Knowledge has at all times been integral to enterprise enterprise, however the rise of digital transformation has created a brand new sense of urgency across the methods by which it’s managed, analyzed and ruled. This newfound emphasis round information has positioned the function of chief information officer (CDO) squarely within the enterprise highlight. In 2012, solely 12% of huge, data-intensive companies employed a CDO, whereas 65% do as we speak, in accordance with a NewVantage Companions survey.

A new report printed by Professional.ai, the premier synthetic intelligence (AI) platform for language understanding, surveyed information and analytics resolution makers to disclose how groups are faring as they try and information their corporations in direction of AI success.

This report reveals that 9 out of ten CDOs agree that administration of unstructured language information — together with textual content from enterprise paperwork and emails — should be addressed within the subsequent 12 months. But, few are ready with the pure language processing (NLP) and pure language understanding (NLU) expertise and instruments wanted to make a transition work.

Graphic. Top pain points for data teams. 96% said delivering business impact now through AI. 92% said data security. 91% said managing unstructured language data. 90% said managing cost, complexity, and risk. 89% said regulatory compliance. 89% said data access and reporting. 83% said building a scalable strategic capability. And 81% said AI understanding, trust and explainability.

There’s rising realization throughout enterprises that unstructured language information isn’t merely a byproduct of operations however an important useful resource to be mined for actionable insights. The flexibility to extract worth from unstructured information is what is going to separate companies from their competitors by way of higher Internet Promoter Scores and lowered guide doc dealing with and extraction prices. NLP and NLU know-how have been confirmed the important thing to doing so.

Regardless of this, solely 8% of knowledge groups have accomplished NLP and NLU initiatives inside their enterprise that will allow them to completely unlock the worth of their unstructured language information. Greater than a 3rd (34%) of knowledge groups have began activating plans for NLP initiatives. Almost 1 / 4 (24%) are nonetheless defining their plans however should not able to activate them.

The survey was carried out amongst information and analytics resolution makers throughout the usand Europe. The interviews had been led by Sapio Analysis in October 2021.

Learn the full report by Professional.ai.

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