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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...
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...
How Data Scraping Services Help Venture Capitalists Make Strategic Investment Choices?

How Data Scraping Services Help Venture Capitalists Make Strategic Investment Choices?

The aim of any venture capitalist is to invest in the success of small companies in order to earn a return on their investments, so they are in a constant search for new ventures and start-ups to invest in. But success can’t be guaranteed, so there’s always a risk of failure. However, this risk can be diminished if you have access to enough data to analyze the market and research your opportunities. So if you are a venture capitalist, you know the importance of making a good pick for your investment because if your pick fails, it can result in a major loss. Some venture capitalists are so well-off that they can afford a couple of failures in return of giving a chance to a start-up with a great idea and team behind it. However, that’s not a strategic way of thinking in the 21st century of intense competition. Making a smart decision will pay-off not only to you as an investor, but to the venture in which you invest in as well. So how exactly data scraping can help a venture capitalist? The answer is very simple: the more you are equipped with the knowledge and the more data-driven investor you are, the higher is the chance of succeeding in the investment you make. In this post, we’ll go into detail on how data scraping services can help a venture capitalist become a data-driven investor and get the most out of an investment. Benefits of Web Scraping For Venture Capitalists Web scraping or data crawling is the process of scanning and collecting data from the web via sophisticated...
What Does the Future of Data Scraping Hold?

What Does the Future of Data Scraping Hold?

We all should be interested in the future of web scraping because sooner or later, it will affect all of us and influence every industry out there. The future of data scraping looks bright as the popularity of Internet usage increases, along with the amount of data available all over the web. Nowadays, it doesn’t really matter in which industry you are operating as almost everyone starts using the internet at some point. Even if your business has nothing to do with the internet, you’ll be able to find lots of useful and helpful information on the web, which might help you stay competitive. In this blog post, we’ll talk specifically about the future of big data, set-out the industries which will benefit the most from data scraping, as well as mention the most important challenges of the web crawling industry. Keep reading to find what the future of data scraping holds for us. Data Scraping Stats and Numbers You might still feel skeptical about the future of web crawling, so let’s first look at the current picture of what the data looks like. You’ll be amazed by how the world of data is overloaded with information and how the amount of that information is growing per second. The internet currently holds around 2 billion active websites. In fact, about 90% of the data on the internet has been created in the last 2 years only. There are close to 4.2 billion active users online with 50 billion connected devices. Social media alone is responsible for a huge amount of daily information creation online. Here are some daily stats:...