Maybe. You'd need to develop such a "more efficient" format. Turning unstructured text into knowledge graphs has gotten attention lately. Though I'm honestly skeptical of how useful those will turn out to be. Often times you just can't break down unstructured data into structured data without loosing a ton of information.
Turning the data into an intermediary, not directly understandable by humans (say very-high density embeddings) format might be a more promising path.