Helping Financial Services Tackle the Challenges of Unstructured Data

Today, large enterprises are grappling with an onslaught of unstructured data and documents. IDC and Seagate predict that the global data sphere will grow to 163 zettabytes by 2025, and about 80 percent of that will be unstructured. In regulated industries, such as financial services, the challenges posed by unstructured and semi-structured data are exponentially higher. Traditional methods–ranging from manual entry to Optical Character Recognition (OCR)–have proved woefully inadequate. Even more recent and highly heralded methods such as Robotic Process Automation (RPA) have proven to be piecemeal solutions to the challenge.