According to a general definition, data classification is the process of classifying data into appropriate groups so that it can be used and protected more effectively. Fundamentally, the classification procedure facilitates finding and retrieving data. Particularly important to risk management, compliance, and data security is data classification.
Data classification entails tagging information to make it simple to track and search for. Additionally, it gets rid of multiple copies of the data, which can lower storage and backup costs while accelerating search times. Although the classification process may seem very complicated, your organization’s leadership needs to be aware of it.
Data classification can benefit you in a lot of ways:
Data classification guidelines should assist you in creating a sound risk management plan. When you know how valuable your data is, you can take security precautions to reduce the possibility of it being lost, stolen, or altered.
Policies for data classification can also increase organizational effectiveness. To cut back on storage and backup expenses, for instance, you can identify and remove duplicate data.
By implementing the necessary security controls and making data searchable and retrievable within predetermined timeframes, data classification can also assist your organization in complying with data privacy requirements and other rules and regulations.
Why companies use Data Classification
To know their customers: Personalization of content is essential. Knowing as much as you can about them is one way to go about doing that, and the first thing you can do is take a close look at their websites. A tool for website categorization can assist with that.
You can enter a company’s domain into the tool’s input field to see the categories that their websites fall under right away, giving you an understanding of what they do, for example, if your company sells services to customers.
To protect their brand: It is a good idea to check a domain you want to buy on a website categorization tool because you might discover that it is classified as a spam website and contains sensitive topics. Your business opportunities will be limited as your potential partners are unlikely to be willing to do business with such a website and may even block access to it throughout their networks.
Klazify
This technology is a well-established and popularly used API in the modern world. Klazify uses Natural Language Processing (NLP) to obtain information online and a Machine Learning Engine to assess a website’s meta descriptions and content. Moreover,
Klazify has a search function that groups websites and companies according to their fields of expertise. Its goal is to locate, rank, and classify the top websites on the internet (up to 3 levels).
Klazify performs on a scale of 0 to 1, with 0 denoting total ambiguity and 1 denoting total certainty. The IAB V2 Standard Classification taxonomy is used by this API to connect to a specific website or URL, retrieve data, and then classify it into over 385 different categories for one-to-one customization.
So you still have doubts? Go and give Klazify a shot and you’ll see its great benefits!