SlideShare uma empresa Scribd logo
1 de 13
Baixar para ler offline
Analytics Services Industry in India
Overview
Sakshi Prakash: Social Media Analytics, Hewlett-Packard
Jan, 2013
Agenda

         Analytics in Business - What, Why & Where


         Increase in Importance of Analytics


         Spreading Wings: Growth of Analytics Services


         Service Providers Landscape


         Analytics Services Mix & Skill Set Required



2
Analytics in Business
Firms typically apply analytics to business data, to describe, predict & improve performance
                    What                                             Why                     Where
                                                                                     Retail Analytics
                     Discovery &
                   communication
                    of meaningful                                    Describe        Store Assortment
                   patterns in data
                                                                                     Price & Promotion

                                                           Predict                   Marketing
                                                                                     Optimization

                                                                           Improve   Web Analytics
                     Analytics
                                                                                     Portfolio Analysis
                                       Simultaneous
  Favors data                            application
visualization to                      of statistics, pro
 communicate                          gramming, OR &
                                                                                     Risk Analytics
    insight                               business
                                           acumen                                    Supply Chain
                                                                                     Optimization
3
                                                                                                          Source
Increase in Importance of Analytics
      Contributing Factors                                             Smarter Decisions
                                Faster
• Big Data                     Decisions            • Advanced
• Unstructured           • Real Time                  Analytics
  Data                     Analytics                • Text Analytics

  Information                                           Smarter
   Explosion                                            Decisions

                   Flexible Technology & Systems                       Faster Decisions

                 Information Explosion        Go!




 4
                                                                                           Source
Spreading Wings
With India supplying business analytics capabilities to MNCs at best performance to cost ratio,
scope for a professional in this field is phenomenal
                                                                               Estimated offshore knowledge
    The popularity and maturity over time of the BPO sector led to the            services in India by 2015
    evolution of yet another form of global outsourcing known as KPO

                                                                               • $5.6 billion Total market
                                                                                 opportunities
    The Indian KPO services industry is estimated to be around USD 5.7
    billion currently and grew by 15-17% in the recent past
                                                                               • 39% Business research as
    - Analytics outsourcing is a segment of the growing KPO industry
                                                                                 percentage of market

    Global data analytics outsourcing market stood at $500-550 million in      • 23% Legal process outsourcing as
    2010, of which Indian service providers delivered $375 million               percentage of market
    - Faces stiff competition from Philippines, Russia, China, Poland and
    Hungary                                                                    • 21% Data analytics services as
                                                                                 percentage of market

    By 2015, the data analytics market in the country is expected to reach     • 17% Others (Social media research,
    $1.15 billion, to constitute 21 per cent of the overall Indian knowledge     marketing & sales support
    process outsourcing (KPO) market opportunities of $5.6 billion
5

                                                                                             Source1    Source2 Source3
Service Providers Landscape in India
  Landscape is split between pure-play analytics vendors, KPO/BPO services providers & global
  companies who source analytics services from their captive centers in India
             •Mu Sigma
                                                                        Acquisitions by Indian companies in analytics
             •AbsolutData          Pure Play                                                space
             •Fractal Analytics    Vendors
             •ZS Associates




                                   Service
                                  Providers
                                  Landscape
• IBM
                                                           •TCS
• HP                                           BPO/KPO
               Captive                                     •Genpact
• ICICI                                        Services
               Centers
                                               Providers   •Wipro
• HDFC
                                                           •Accenture
• Wal-Mart Labs
                                                           •eClerx
• Vodafone
   6
                                                                                                                Source
Service Providers Landscape in India (cont.)
 Top 10 Analytics     Global Top 10            •Third party vendors form the bulk of employment in analytics from Indian
 Employers in India   Employers in Analytics   context
 Genpact              IBM                      •Contrast it with global top 10 employers. Five out of these ten, consume
                                               analytics in-house. Although all these firms have offshore units in India, they
 TCS                  Accenture                still shy away from offshoring high end vocations like analytics to India

                                                Top Cities by Analytics                   Top Cities by Analytics Startups
 IBM                  Microsoft                 Professionals
                                                                                          Bangalore              31%
 CTS                  Google                    NCR                    29%
                                                                                          NCR                    26%
 HP                   Oracle                    Bangalore              26%
                                                                                          Mumbai                 18%
 Accenture            Bank of America           Mumbai                 21%
                                                                                          Pune                   8%
 Infosys              HP                        Hyderabad              7%
                                                                                          Hyderabad              8%
 HSBC                 Citi                      Chennai                7%
                                                                                          Chennai                6%
 Wipro                SAP                       Pune                   7%
                                                                                          Kolkata                3%
  Dell                Wells Fargo               Kolkata                4%
7
                                                                                                                         Source
Analytics Services Mix & Skill Set Required
  Insight Generation/Recommending actionable insights is a critical element where
  management students can add value
                   Communication/Presentation                                   Skill Set Required

                                                       Newsletters       Right Attitude & Eagerness to Learn
                    Visualization/Report Writing            Dashboards
                                                     Infographics
                                                                         Strong Oral & Written
                                                                         Communication
                           Insight Generation
                                                                         Logical/Analytical Thinking
High-end
                         Model/Solution Building                         Business Acumen: Retail, FMCG, IT
                                                                         etc.
                                                                         Domain Understanding: Marketing,
                                                   Business              Finance, Supply Chain, HR etc.
           Running Models, Data Analysis
                                                   Research
                                                                         Statistics, Operations Research

              Data               Data
                                                   Reporting             Technical – VBA, SAS, R, SQL
  8
Low-end     Extraction        Preparation
Open Session!


Questions? Comments?
Thank you
Appendix
Back
What is Big Data?
Big data spans three dimensions: Volume, Velocity, Variety
 Big data is a collection of data sets so large and complex that it becomes difficult to process using on-hand database management
 tools or traditional data processing applications. The challenges include capture, curation, storage, search, sharing, analysis and
 visualization

 •Volume: Enterprises are awash with ever-growing data of all types, easily amassing terabytes, even petabytes of information

        •Turn 12 terabytes of Tweets created each day into improved product sentiment analysis
        •Convert 350 billion annual meter readings to better predict power consumption

 •Velocity: Sometimes 2 minutes is too late. For time-sensitive processes such as catching fraud, big data must be used as it
 streams into your enterprise in order to maximize its value

        •Scrutinize 5 million trade events created each day to identify potential fraud
        •Analyze 500 million daily call detail records in real-time to predict customer churn faster

 •Variety: Big data is any type of data - structured and unstructured data such as text, sensor data, audio, video, click streams,
 log files and more. New insights are found when analyzing these data types together

        •Monitor 100’s of live video feeds from surveillance cameras to target points of interest
12
        •Exploit the 80% data growth in images, video and documents to improve customer satisfaction
Back
What is Unstructured Data?
80% of all potentially usable business information originates in unstructured form
 Unstructured Data refers to information that either does not have a pre-defined data model and/or does not fit well
 into relational tables

 •Unstructured data is typically text-heavy, but may contain data such as dates, numbers, and facts as well

 • This results in irregularities and ambiguities that make it difficult to understand using traditional computer programs as
   compared to data stored in fielded form in databases

 •In 1998, Merrill Lynch cited estimates that as much as 80% of all potentially usable business information originates in unstructured
  form

 • More recently, multiple analysts have estimated that data will grow 800% over the next five years

        •Unstructured information accounts for more than 70%–80% of all data in organizations and is growing 10–50x more than
         structured data




13

Mais conteúdo relacionado

Destaque

Social media analytics and measurement tool - Simplify360
Social media analytics and measurement tool  - Simplify360Social media analytics and measurement tool  - Simplify360
Social media analytics and measurement tool - Simplify360Simplify360
 
Tracxn Research — Local Services India Landscape, December 2016
Tracxn Research — Local Services India Landscape, December 2016Tracxn Research — Local Services India Landscape, December 2016
Tracxn Research — Local Services India Landscape, December 2016Tracxn
 
Guide to big data analytics
Guide to big data analyticsGuide to big data analytics
Guide to big data analyticsGahya Pandian
 
Business analytics presentation
Business analytics presentationBusiness analytics presentation
Business analytics presentationDatKnoSys
 
Knowledge process outsourcing ppt
Knowledge process outsourcing pptKnowledge process outsourcing ppt
Knowledge process outsourcing pptraxcool_2005
 
LatentView Overview
LatentView OverviewLatentView Overview
LatentView OverviewLatentView
 
Outsourcing-all in one Solution
Outsourcing-all in one SolutionOutsourcing-all in one Solution
Outsourcing-all in one SolutionDeepika Ojha
 

Destaque (10)

Conference
ConferenceConference
Conference
 
Social media analytics and measurement tool - Simplify360
Social media analytics and measurement tool  - Simplify360Social media analytics and measurement tool  - Simplify360
Social media analytics and measurement tool - Simplify360
 
Tracxn Research — Local Services India Landscape, December 2016
Tracxn Research — Local Services India Landscape, December 2016Tracxn Research — Local Services India Landscape, December 2016
Tracxn Research — Local Services India Landscape, December 2016
 
Telecommunications Kpi
Telecommunications  KpiTelecommunications  Kpi
Telecommunications Kpi
 
Guide to big data analytics
Guide to big data analyticsGuide to big data analytics
Guide to big data analytics
 
Business analytics presentation
Business analytics presentationBusiness analytics presentation
Business analytics presentation
 
Knowledge process outsourcing ppt
Knowledge process outsourcing pptKnowledge process outsourcing ppt
Knowledge process outsourcing ppt
 
LatentView Overview
LatentView OverviewLatentView Overview
LatentView Overview
 
Analytics and Data Mining Industry Overview
Analytics and Data Mining Industry OverviewAnalytics and Data Mining Industry Overview
Analytics and Data Mining Industry Overview
 
Outsourcing-all in one Solution
Outsourcing-all in one SolutionOutsourcing-all in one Solution
Outsourcing-all in one Solution
 

Último

digital marketing , introduction of digital marketing
digital marketing , introduction of digital marketingdigital marketing , introduction of digital marketing
digital marketing , introduction of digital marketingrajputmeenakshi733
 
Jewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreJewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreNZSG
 
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...Aggregage
 
WSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfWSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfJamesConcepcion7
 
Send Files | Sendbig.comSend Files | Sendbig.com
Send Files | Sendbig.comSend Files | Sendbig.comSend Files | Sendbig.comSend Files | Sendbig.com
Send Files | Sendbig.comSend Files | Sendbig.comSendBig4
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdfShaun Heinrichs
 
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...ssuserf63bd7
 
Data Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesData Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesAurelien Domont, MBA
 
Implementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxImplementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxRich Reba
 
Appkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxAppkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxappkodes
 
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...SOFTTECHHUB
 
Technical Leaders - Working with the Management Team
Technical Leaders - Working with the Management TeamTechnical Leaders - Working with the Management Team
Technical Leaders - Working with the Management TeamArik Fletcher
 
MEP Plans in Construction of Building and Industrial Projects 2024
MEP Plans in Construction of Building and Industrial Projects 2024MEP Plans in Construction of Building and Industrial Projects 2024
MEP Plans in Construction of Building and Industrial Projects 2024Chandresh Chudasama
 
Environmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw CompressorsEnvironmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw Compressorselgieurope
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdfShaun Heinrichs
 
NAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataNAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataExhibitors Data
 
Neha Jhalani Hiranandani: A Guide to Her Life and Career
Neha Jhalani Hiranandani: A Guide to Her Life and CareerNeha Jhalani Hiranandani: A Guide to Her Life and Career
Neha Jhalani Hiranandani: A Guide to Her Life and Careerr98588472
 
Introducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsIntroducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsKnowledgeSeed
 
Driving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerDriving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerAggregage
 

Último (20)

digital marketing , introduction of digital marketing
digital marketing , introduction of digital marketingdigital marketing , introduction of digital marketing
digital marketing , introduction of digital marketing
 
Jewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreJewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource Centre
 
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
 
WSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfWSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdf
 
Send Files | Sendbig.comSend Files | Sendbig.com
Send Files | Sendbig.comSend Files | Sendbig.comSend Files | Sendbig.comSend Files | Sendbig.com
Send Files | Sendbig.comSend Files | Sendbig.com
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf
 
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
 
Data Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesData Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and Templates
 
Implementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxImplementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptx
 
Appkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxAppkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptx
 
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
 
Technical Leaders - Working with the Management Team
Technical Leaders - Working with the Management TeamTechnical Leaders - Working with the Management Team
Technical Leaders - Working with the Management Team
 
MEP Plans in Construction of Building and Industrial Projects 2024
MEP Plans in Construction of Building and Industrial Projects 2024MEP Plans in Construction of Building and Industrial Projects 2024
MEP Plans in Construction of Building and Industrial Projects 2024
 
Environmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw CompressorsEnvironmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw Compressors
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf
 
NAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataNAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors Data
 
Neha Jhalani Hiranandani: A Guide to Her Life and Career
Neha Jhalani Hiranandani: A Guide to Her Life and CareerNeha Jhalani Hiranandani: A Guide to Her Life and Career
Neha Jhalani Hiranandani: A Guide to Her Life and Career
 
Introducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsIntroducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applications
 
Driving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerDriving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon Harmer
 
WAM Corporate Presentation April 12 2024.pdf
WAM Corporate Presentation April 12 2024.pdfWAM Corporate Presentation April 12 2024.pdf
WAM Corporate Presentation April 12 2024.pdf
 

Analytics Services Industry in India - Overview

  • 1. Analytics Services Industry in India Overview Sakshi Prakash: Social Media Analytics, Hewlett-Packard Jan, 2013
  • 2. Agenda Analytics in Business - What, Why & Where Increase in Importance of Analytics Spreading Wings: Growth of Analytics Services Service Providers Landscape Analytics Services Mix & Skill Set Required 2
  • 3. Analytics in Business Firms typically apply analytics to business data, to describe, predict & improve performance What Why Where Retail Analytics Discovery & communication of meaningful Describe Store Assortment patterns in data Price & Promotion Predict Marketing Optimization Improve Web Analytics Analytics Portfolio Analysis Simultaneous Favors data application visualization to of statistics, pro communicate gramming, OR & Risk Analytics insight business acumen Supply Chain Optimization 3 Source
  • 4. Increase in Importance of Analytics Contributing Factors Smarter Decisions Faster • Big Data Decisions • Advanced • Unstructured • Real Time Analytics Data Analytics • Text Analytics Information Smarter Explosion Decisions Flexible Technology & Systems Faster Decisions Information Explosion Go! 4 Source
  • 5. Spreading Wings With India supplying business analytics capabilities to MNCs at best performance to cost ratio, scope for a professional in this field is phenomenal Estimated offshore knowledge The popularity and maturity over time of the BPO sector led to the services in India by 2015 evolution of yet another form of global outsourcing known as KPO • $5.6 billion Total market opportunities The Indian KPO services industry is estimated to be around USD 5.7 billion currently and grew by 15-17% in the recent past • 39% Business research as - Analytics outsourcing is a segment of the growing KPO industry percentage of market Global data analytics outsourcing market stood at $500-550 million in • 23% Legal process outsourcing as 2010, of which Indian service providers delivered $375 million percentage of market - Faces stiff competition from Philippines, Russia, China, Poland and Hungary • 21% Data analytics services as percentage of market By 2015, the data analytics market in the country is expected to reach • 17% Others (Social media research, $1.15 billion, to constitute 21 per cent of the overall Indian knowledge marketing & sales support process outsourcing (KPO) market opportunities of $5.6 billion 5 Source1 Source2 Source3
  • 6. Service Providers Landscape in India Landscape is split between pure-play analytics vendors, KPO/BPO services providers & global companies who source analytics services from their captive centers in India •Mu Sigma Acquisitions by Indian companies in analytics •AbsolutData Pure Play space •Fractal Analytics Vendors •ZS Associates Service Providers Landscape • IBM •TCS • HP BPO/KPO Captive •Genpact • ICICI Services Centers Providers •Wipro • HDFC •Accenture • Wal-Mart Labs •eClerx • Vodafone 6 Source
  • 7. Service Providers Landscape in India (cont.) Top 10 Analytics Global Top 10 •Third party vendors form the bulk of employment in analytics from Indian Employers in India Employers in Analytics context Genpact IBM •Contrast it with global top 10 employers. Five out of these ten, consume analytics in-house. Although all these firms have offshore units in India, they TCS Accenture still shy away from offshoring high end vocations like analytics to India Top Cities by Analytics Top Cities by Analytics Startups IBM Microsoft Professionals Bangalore 31% CTS Google NCR 29% NCR 26% HP Oracle Bangalore 26% Mumbai 18% Accenture Bank of America Mumbai 21% Pune 8% Infosys HP Hyderabad 7% Hyderabad 8% HSBC Citi Chennai 7% Chennai 6% Wipro SAP Pune 7% Kolkata 3% Dell Wells Fargo Kolkata 4% 7 Source
  • 8. Analytics Services Mix & Skill Set Required Insight Generation/Recommending actionable insights is a critical element where management students can add value Communication/Presentation Skill Set Required Newsletters Right Attitude & Eagerness to Learn Visualization/Report Writing Dashboards Infographics Strong Oral & Written Communication Insight Generation Logical/Analytical Thinking High-end Model/Solution Building Business Acumen: Retail, FMCG, IT etc. Domain Understanding: Marketing, Business Finance, Supply Chain, HR etc. Running Models, Data Analysis Research Statistics, Operations Research Data Data Reporting Technical – VBA, SAS, R, SQL 8 Low-end Extraction Preparation
  • 12. Back What is Big Data? Big data spans three dimensions: Volume, Velocity, Variety Big data is a collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications. The challenges include capture, curation, storage, search, sharing, analysis and visualization •Volume: Enterprises are awash with ever-growing data of all types, easily amassing terabytes, even petabytes of information •Turn 12 terabytes of Tweets created each day into improved product sentiment analysis •Convert 350 billion annual meter readings to better predict power consumption •Velocity: Sometimes 2 minutes is too late. For time-sensitive processes such as catching fraud, big data must be used as it streams into your enterprise in order to maximize its value •Scrutinize 5 million trade events created each day to identify potential fraud •Analyze 500 million daily call detail records in real-time to predict customer churn faster •Variety: Big data is any type of data - structured and unstructured data such as text, sensor data, audio, video, click streams, log files and more. New insights are found when analyzing these data types together •Monitor 100’s of live video feeds from surveillance cameras to target points of interest 12 •Exploit the 80% data growth in images, video and documents to improve customer satisfaction
  • 13. Back What is Unstructured Data? 80% of all potentially usable business information originates in unstructured form Unstructured Data refers to information that either does not have a pre-defined data model and/or does not fit well into relational tables •Unstructured data is typically text-heavy, but may contain data such as dates, numbers, and facts as well • This results in irregularities and ambiguities that make it difficult to understand using traditional computer programs as compared to data stored in fielded form in databases •In 1998, Merrill Lynch cited estimates that as much as 80% of all potentially usable business information originates in unstructured form • More recently, multiple analysts have estimated that data will grow 800% over the next five years •Unstructured information accounts for more than 70%–80% of all data in organizations and is growing 10–50x more than structured data 13