Company
Date Published
Author
Michael Kern
Word count
1713
Language
English
Hacker News points
None

Summary

Data, like oil, is fueling growth and innovation, with structured data being organized and easily processed in traditional databases, while unstructured data has no specific format and requires more effort to wrangle into usable insights. Structured data shines in situations requiring quantitative analysis, such as online banking systems or customer relationship management, but comes with caveats like inflexibility and exhaustive categorization. Unstructured data, on the other hand, offers versatility, vastness, and qualitative insights into human behavior, but requires specialized tech to analyze and can be difficult to standardize. The advent of AI and machine learning is redefining our approach to data, automating workflows, standardizing unstructured data formats, and processing structured data analysis faster than ever before, making it essential to harness the power of both structured and unstructured data to inform marketing strategies and propel businesses forward.