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10 Myths About Data Scraping You Probably Still Believe

10 Myths About Data Scraping You Probably Still Believe

Data scraping is the process of extracting data from the web and it has become very popular in recent years. If used and analyzed properly, data can be a powerful tool. Hence, web scraping is an important growth catalyst for many businesses today. There’s currently a lot of inaccurate and misleading information about data scraping, which can make you confused. In this post, we’ll breakdown the most common myths about data scraping. 1.Data Scraping Is Illegal Data scraping and web crawling are not illegal, as long as you follow all the rules. Generalizing the whole data scraping practice as an illegal activity is nothing but wrong. All websites have their rules that you need to carefully follow and obey. The same logic is behind web scraping. If you get involved in web scraping, you need to get familiar with the legal and ethical side of data scraping. You will find a lot of debates and controversial information on the topic of legality. But one thing is undebatable and it’s that the problem of legality arises not on web scraping itself, but on how people choose to use the data they have scraped. Before you scrape the website, you need to read the terms of service of that website, where you’ll find whether you are allowed to scrape this website in general. People can scrape copyrighted information and republish it without giving credit to the original author. So in this case, the problem lies not in the fact that data was scraped, but in how it was later used. Also, you can scrape information that is not publicly available and...
How Price Optimization Benefits Retail Businesses

How Price Optimization Benefits Retail Businesses

Setting competitive pricing has become a major challenge for businesses. In the era of massive competition, it’s hard to come up with a price that will be effective both from the profit-making perspective and satisfactory for customers. That’s where price optimization comes into the game. Price optimization uses mathematical analysis to determine how customers would respond to different prices via different channels, as well as the price that would maximize the operating profit of the company. It’s not about price monitoring, but rather, it’s the process of using data to make analysis and determine the price based on the willingness to pay (WTP) of customers. Price Wars in E-commerce Nowadays, customers can easily go online and compare the prices of similar products with the help of search engines and online catalogs. So the tough competition definitely plays a major role in the process of setting a competitive price. Besides competition, retailers need to pay attention to factors such as product costs, distribution costs, and market positioning. All of the challenges for price setting bring to a situation called price war. A price war is a hard time for retailers. During the times of severe competition, companies start lowering prices to undercut competitors and find themselves in price wars. The purpose is to attract as many customers as possible to win the biggest market share. With the rise of the internet, it seemed that the price wars would diminish. However, managers have a different view of what’s happening. Price changes are seen as an easy, quick and reversible actions. In reality software, different tools, artificial intelligence, and big data offer...
How Big Is Big Data? An Inside Look at It

How Big Is Big Data? An Inside Look at It

Have you ever wondered how big big data is? Or did you ever think what big data is used for? Well, if you answered no to these questions then we have to disappoint you. Big data is a part of our daily lives and not knowing how and why it works is affecting you quite adversely. Data is the king in this age of digitization and the internet. But what exactly is data? Well, data is simply information; information that has expanded exponentially by the time you have finished reading this sentence. Why Everyone Should Care About Big Data? So why you should care about big data? You watch many videos and visit multiple websites and blogs on your computer or smartphone on a daily basis, and each of these actions adds more data on your profile in somebody’s database. This information will be then used to target you for ads or political campaigns or simply predict what people like you would do in the future. All of this data will have an effect on your future, it might help you get to a job interview or it will make you go to jail. So how big is big data considering how much data a simple person like you creates on a daily basis? Now, remember that there are millions of people like you in the world. In 2008, Google was processing 20,000 terabytes of data every day. In 2018, Walmart has collected 2,500 terabytes data on its customers per day. So although the size of big data does matter, there’s a lot more to it. Firstly, big data...
What Exactly Can You Get From Amazon Data Scraping

What Exactly Can You Get From Amazon Data Scraping

Back in 1995, the world’s leading online retail store was launched. Amazon started as an online book selling store, however, from the very beginning, it’s founders knew that they want to create a huge online empire. The company went from being a store selling books to a huge online retailer in just several years. Today, when consumers are ready to buy a specific product, nearly 74% of them go straight to Amazon to do it. By the end of this year, Amazon is expected to account for more than 52% of the e-commerce market in the US. In 2018, the retailer accounted for 48% of the market. This information must sound threatening to other retailers in the country. Shoppers increasingly feel more comfortable buying online from their laptops or smartphones. Although there are other big retailers in the US, such as Macy’s, Target, or Walmart, these companies are lagging behind the retail giant Amazon, when it comes to online retailing. These companies are currently trying to grow their business online but they can hardly compete with Amazon. Unfortunately, to its competitors, Amazon has become integrated into its consumers’ daily life. Today, a lot of shoppers start their search on the internet on Amazon, skipping search engines like Google or Yahoo. The loyal base of paying Prime members is priceless to Amazon, as they are the key to the retailer’s huge success. Last year, the number of customers having a prime membership surpassed more than 100 million people. So Why Would You Need Amazon Scraping? As a retailer, you can imagine how much valuable information and data Amazon carries: products,...
Why the Automobile Industry Should Make Use of Data Extraction Services in 2019

Why the Automobile Industry Should Make Use of Data Extraction Services in 2019

The world economy suffers uncertainties and crises from time to time, however, there’s one industry that is constantly growing despite all the fluctuations: the automobile industry. The past decade was very successful for the automobile industry, and it’s been growing at rapid rates during the recent years as well. Let’s consider some stats from all over the world. Global sales are growing at around 2.8% worldwide per year. According to predictions, there will be over 100 million automobiles sold by 2020. Most of the growth will come from China, but North America and Europe are set to see significant growth rates too. And South America is set to outstrip North America and reach a consistent growth rate of 1.7%. According to NADA, since 2018, in the US only more than 8.6 million light-duty vehicles were sold by 16,704 franchised dealers. New vehicles’ sales have gone above $500 billion. But we need to consider that as the industry grows, so do the challenges it faces. The automobile sector is now facing new and pressing challenges in the face of globalization, digitization and increasing competition in the market. The size of the company is not a guarantee of success anymore. Only those companies that find new innovative techniques to create value can prosper in the future. Data scraping can help the automotive industry in finding new innovative solutions and also get ahead of the market trends. In this article, we’ll discuss the benefit of web scraping in the automobile industry and explain the importance of using data extraction services to get ahead of the competition. Importance of Data Collection in the...