The Rise of Data CHAOS Driving Growth through Digital Transformation
big data The big challenge WITH Data is everywhere (not always in databases). Sometimes it’s structured. It’s in countless formats. It’s structured and it’s unstructured. It’s in emails, paper documents, online posts, tweets, phone conversations, video, web pages, images, forms and more. Everything but rows & columns in a relational database
The onset of the ERA Of data CHAOS Today, 90% of business data 0.2 2010 0.8 0.8 2011 0.9 Today, 90% of business data is unstructured …and growing. The point where the size and growth of unstructured data outstrips structured data. 1.6 2012 1.1 5 2015 3 35 + 2020 9 Unstructured Data (ZB) Structured Data (ZB)
Systems & Strategies THAT WERE DESIGNED AROUND structured-data are insufficient to capitalize on the opportunity presented by unstructured data. The opportunity is too great to ignore.
Data Per Company (petabytes) Data Chaos Affects All Industries Data Per Company (petabytes) 2.82 3.84 5.25 2.43 5.67 1.08 11.34 0.81 2.04 2016 Estimates; Source: McKinsey Global Institute
Harness the Power Of Data Chaos OPTIMIZED Holistic Automation across departments Increasing use of innovation accelerators Minimal human interaction Connected 3rd party platform technologies New connections Silos break down Intelligent Intelligent scanning & capture Structured & unstructured Increasing governance & security Manual Paper-centric Minimal security Basic Static Unstructured Manual extraction
but the era of reigning in data chaos has requirements…
New science for capturing, recognizing, & extracting information TECHNOLOGY ECOSYSTEM New science for capturing, recognizing, & extracting information from data. The best data science. New technology for storing, sharing and integrating data. Capturing the most types of data with the fastest, highest-fidelity and most accurate document capture products. New ecosystem of vendors & service providers to deliver solutions. With the largest services & channel partner network worldwide.
Optimize your environment The challenge: Little visibility or control over the Financial Institutions scanning processes & hardware resulted in unmanaged TCO for the bank. The solution: Managed content services for total visibility and control of bank-wide scanning processes. The result: Understand and manage total cost of scanning Automate manual processes Proactive business process improvement
Improve your customer onboarding The challenge: Mortgage applications established as centralized business process with complex requirements. Unacceptable productivity and FTE costs, with SLA delivery risks. The Solution: Provided a new batch capture environment that met all the Banks current needs and a technology platform which flexibly supported the Banks current and future requirements. The Result: Removed 2 days out of the process 50% lower FTE cost Reduced 170 workflow processes to 10