An example of a company to watch in this space is Trifacta, which enables both technical and non-technical analysts to access and transform raw data into actionable data.
The convergence of these technologies is what transforms raw data into actionable information and insights -- the equivalent of digital gold.
With the advent of Internet-of-Things (IoT) and smart, predictive analytics technologies, companies have been building a networked data-rich environment, which calls for a systematic methodology to transform raw data into meaningful and actionable operations.
The solution, which is designed to support data-intensive and analytical applications used by enterprises, basically enables Appistry's clients to rapidly turn raw data into actionable intelligence.
Overall tasks include collection, processing, and analysis of information, in which analysis is the key to successful use of information since it transforms raw data into intelligence.
The motivation for such work is well described in the training manual of the intelligence analysts of the London Metropolitan Police [1]: Analysis is the key to successful use of information; it transforms raw data into intelligence.
In particular, semantic technology offers solutions for transforming raw data into comprehensible information for citizens.
The firm's proprietary algorithms for transforming raw data into strategically useful information were far more defensible.
However, the necessary cross-disciplinary research needed to transform raw data and information into useful intelligence and knowledge to improve the planet's environmental, economic and societal well-being is still constrained by disciplinary and organizational silos and legacy concepts.
Health care giant Humana has even built its own clinical infrastructure CareHub to turn raw data into actionable health intelligence at the most critical moments for patients and subscribers.
Based on technology developed at Rutgers University, Connotate provides customized real-time Web information extraction capabilities that help organizations transform data into actionable intelligence, in order to create new revenue streams, increase productivity and track Web sites with automated processes.
