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

Knowledge has all the time been integral to enterprise enterprise, however the rise of digital transformation has created a brand new sense of urgency across the methods during 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 corporations employed a CDO, whereas 65% do at this time, in accordance with a NewVantage Companions survey.

A new report revealed 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 firms in the 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.

There may be rising realization throughout enterprises that unstructured language information just isn’t merely a byproduct of operations however a significant useful resource to be mined for actionable insights. The flexibility to extract worth from unstructured information is what’s going to separate companies from their competitors through higher Web Promoter Scores and lowered handbook 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 tasks inside their enterprise that may 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 tasks. Practically 1 / 4 (24%) are nonetheless defining their plans however are usually not able to activate them.

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

Learn the full report by Professional.ai.