What Every Executive Needs To Know About Unstructured Data?
StorageNewsletter.com, Thursday, September 7,2023
In 2022, 90% of the data generated by organizations was unstructured, and only 10% was structured. That year, organizations globally generated 57,280EB of unstructured data - a volume that is expected to grow by 28% to over 73,000EB in 2023.
Seventy-three thousand exabytes of unstructured data is equivalent to the amount of data in over 97 trillion sequenced human genomes; it's also equivalent to the amount of video streamed to 2.7 billion screens 24 hours per day for an entire year.
Unstructured data, or content, is mission critical for organizations. Unstructured data is integral to supply chains, where it is in purchase orders, product inventories, and import/export records. It is in sales agreements, marketing content, contracts, patents, movie scripts, patient treatment notes. It exists in financial earnings reports and employee performance records; it represents the core of design and engineering documents, product specs, and product roadmaps.