In a society so heavily reliant on the internet, you can only bet how important data is. And while data affects all of us differently, how it appeals to brands and startups can determine their next business moves. This is why leaders and marketing experts who put a premium on web data extraction have nuanced insights into the decisions they make.
But what, exactly, is web data extraction?
As the term implies, web data extraction is the extraction of data from websites. The information fetched from sources is then translated into documents like Excel and CSV.
How are businesses benefiting from web data extraction?
There are multiple benefits to web data extraction, and most of them involve efficiency which then produces productivity.
Firstly, web data extraction betters accuracy, immediately eliminating the prominence of human errors.
By streamlining data entry processes for monotonous assignments, web data extraction tools such as Octoparse aid in the efficiency of your data translations. Anyone manually keying in massive numbers day in and out is bound to make mistakes. But when you automate the web data extraction process and allow artificial intelligence to perform what it’s designed to do, you’re more able to make better choices and fetch more detailed data.
Secondly, web data extraction allows your teams to focus on other complex business concerns.
In case you haven’t noticed, eliminating repetitive tasks grant employees more time to zero in on business demands that warrant creative, empathetic, and logistical solutions. Simply put, organizations become more productive when tasks like these are out of the picture.
Thirdly, web data extraction allows your business to save.
When you get rid of the need for people to perform tedious duties, you’re more able to utilize your workforce and manage overhead expenses. Generally, leaders and entrepreneurs who automate whatever they can in a business can leverage their talent pools more wisely.
How web data extraction is helping business industries
Marketing
Mapping out relevant content for your business can be challenging, especially when there are hundreds of competitors you want to keep looking at. Through web data extraction tools like Octoparse, you can fetch all the data you need including your Google search results.
What’s more, the gathered information will also include which subjects are more likely to trend, and what their respective descriptions and titles should be.
Additionally, competitive monitoring requires that you extract data from several websites simultaneously. To hasten this process, tools like Octoparse help you do the job more effectively. And it doesn’t hurt that web data extraction can be helpful for establishing lead generations, too.
E-commerce
The economy evolves every day. That said, keeping your market interested and engaged can be challenging when you continually keep increasing your rates. Still, it’s necessary to keep your business afloat. Through web data extraction, you can monitor current price trends and determine which prices work for your market and which pricing strategies your competitors are trying out.
Because web data extraction grants you the capacity to look at prices from multiple sources all at once, you’re more able to stay on top of your money game. Furthermore, you also get a better understanding of what your competitors are doing to keep things fresh. Do they constantly run marked-down sales? Do they run large ticketed events? What profit-making activities do they organize now and then to keep audience members interested?
Product intelligence is yet another factor so critical to entrepreneurs. While an influx of listicles online abound, determining which products truly are trending and merit the most share of wallet can be a challenge to serious business leaders.
Thankfully, web data extraction also simplifies the entire process of categorizing items and determining which prices allow these commodities to sell the fastest.
If anything, valuable insight is the number one benefit of web data extraction—and we have Octoparse at the forefront of it all!
What’s Next?
These days, it’s never been more crucial to turn to no-code tools. Whether app makers like Bubble or data scraping platforms like Octoparse, there’s never been a more opportune time to make great use of available technology.
Do you have app ideas you’d like to discuss? Or perhaps web data extraction initiatives you’d like to explore? We’re the team to partner with!
