- OpenText™ | Blogs
- 05.09.2017
- EN
OpenText™ "The Future of Information: EIM – A Single Source of the Truth"
No matter the size of an organization and regardless of industry, data drives business. From insurance claims to manufacturing purchase orders to contracts, company emails, strategic presentations, and e-invoices. Big or small, companies run on information—both structured and unstructured.
Structured information is data in fixed fields in a spreadsheet or a relational database that is housed in ERP systems. ERP tools share a common data model, covering operational end-to-end processes, such as those found in finance, human resources, supply chain, etc. These processes depend on large volumes of data.
Unstructured information is the conversation that forms around this data. It is the archived supplier invoice, expense report, receipts, presentations, faxes, memos, emails, social media, videos, and more. It is unsystematic, difficult to dissect, and represents a staggering 80 percent of the enterprise’s data today.