There is no denying that new issues necessitate new solutions. Therefore, today's data-driven enterprises need to look out for technologically advanced, digital solutions to deal with the tons of unstructured and fragmented data, thereby reducing overall organizational silos.

Data classification helps knowledge professionals to analyze fragmented data and make storing, processing and retrieving it easier with the help of auto-categorization based on file type, content, metadata, etc.

Financial institutions in the ever-evolving business landscape are adrift in a sea of data that includes product and service purchase histories, customer information, financial transactions, service inquiries, social media streams, software logs, and much more unstructured data gleaned from various mobile apps and devices.