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There is a data revolution going on. This new era of digital experiences will be defined by the amount of data created within the next five years, as well as the amount of data produced.
Unstructured data is information that doesn't follow conventional models or fit into structured database formats. Companies are finding innovative ways to manage, analyze and maximize the use of data to prepare for this shift. There is an old problem of how to maintain and improve the quality of massive, unwieldy datasets.
That is possible with machine learning. Quality assurance efforts can now be improved thanks to the advancement in machine learning technology. Where does your company fall? Do you use data to propel your business into the future or are you saddled with too much data?
Accurate, timely and consistent data for modern enterprises is as important as cloud computing and digital apps. Poor data quality costs companies an average of $13 million per year.
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Register HereStatistical methods can be used to measure data shapes, which can be used to track variability, weed out outliers, and reel in data drift. Statistics-based controls can still be useful to judge data quality and determine when to turn to data. This approach is usually reserved for structured datasets, which lend themselves to objective, quantitative measurement.
What about data that doesn't fit in a spreadsheet?
It is easy for incomplete or inaccurate data to slip into models when these types of data are present. Data issues accumulate and wreak havoc when errors are not noticed. A simple copy and paste approach isn't enough, and can actually make matters worse for your business
The adage, "garbage in, garbage out," is very applicable in the data. Maybe it's time to change your approach.
Machine Learning should be at the top of your list. With the right training, ML models can learn to interpret, organize and classify any type of data.
A model that learns to recommend rules for data profiling, cleansing and standardization can make efforts more efficient and precise. Text data can be identified and categorized by topic or sentiment in unstructured feeds, such as those on social media.
There are a few do's and don'ts when it comes to improving your data quality efforts.
Your data is a great place to find new information. One of the top factors holding businesses back is the quality of their data.
Quality controls based on machine learning give assurance that your data is relevant, accurate, and useful as it becomes more prevalent. You can use data to drive your business if you aren't focused on data quality.
When you get your data under control, let the machine learning take care of the work for you.
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