Wednesday, 9 July 2014

Web Data Extraction Solutions for business Automation

Your business today is driven purely and solely by information. This vital component is carved out from data scraped from relevant sources, cleansed and compiled to form the crux of your enterprise analytics plan. Therefore, following a manual practice for Data Extraction often makes it prone to errors which may be detrimental to the health of your business. Various Web Data Extraction Solutions therefore are made available which help to not only automate Website Data Scraping, but in the process also help in the automation of several business processes.  Let us take a look at some of these business processes:

Execute Data Mining

One of the most obvious usages of the data extractor tools is the function of Web Data Mining, which, if done through manual processes is neither cost-effective nor accurate. Therefore, data extraction solutions provide simple and convenient point and click data extraction interfaces. Moreover, these do not require any additional programming knowledge.

Validate Data accuracy

Web Site Data scraping tools use advanced technology to not only extract data, but also validate their accuracy. This is particularly beneficial for businesses which are involved in background screening and credit reporting activities. Automating the process of validating records helps in increasing turnaround time of the business and ensures accuracy, two of the most crucial criteria for achieving success in their line of business.

Be Price Wise

Organizations are always involved in studying the price dynamics in order to better understand the challenges and areas of opportunities. Your awareness on these helps you to provide more competitive pricing for your products and services. Data extraction solutions are equipped with pricing intelligence technology that helps to collect data on the price that your customer’s expect, their feedback on your products and services and helps you develop insights on products being launched by competitors, their price and availability. This automated process therefore ensures the following things for your business:

  • Increased market – share 
  •  Enhanced product strategy 
  •  Informed decisions
Be Compliance Ready

If yours is a financial services firm, you must have often found it to be a major challenge to keep yourself abreast of the compliance and risk factors. Tracking the myriad watch lists, sanction lists and federal and state regulations, available on the web is not only time taking but also an expensive endeavor. The automated Web Data Mining tools ensure that you are now able to do this without impacting the time and money aspect of your business. You are now ensured of compliance with all regulations and sanction lists that are updated on a regular basis. Consequently, your business can also breathe easy with a reduced exposure to financial fraud and identity theft.

Easy Access to Customer Feedback

Your customers are in a way the real owners of your business. They define the way you need to design your product strategy. It is therefore crucial that you need to listen to what they have to say.  The automated Web extraction solutions with their ability to tap into several relevant sources help you to get access to customer sentiments and feedback on your products and services. This is a vital aspect in your organization's growth as it helps you to tackle three important factors:

  • Assimilate positive or negative vibes on your newly launched product or service which might require you to revisit your product strategy
  • Provide immediate attention to issues, if any, with any particular product
Create a trend of aggregated customer sentiments, for analysis

1 comment:

  1. This is very nice blog. It’s very helpful to every business person. I have used Web Data Extraction from Newprosoft. It is one of the best software companies and I have found it to be absolutely fantastic.