Importance of Data Extraction and Associated Challenges

Posted by Devendra Baghel on April 17th, 2019

Data extraction services can extract the data that you require from various sources on the World Wide Web. Data extraction services are aimed at converting unstructured data collected on websites into structured data that can be stored and analyzed in a centralized database. Thus, data extraction services directly affect the reason for which the collected data is needed.

Extracting data from different sites is not very easy due to the current terms of service. There are some legal aspects that have been implemented on certain websites to protect personal information and it needs to be followed in order to maintain a distance from legal actions.

Due to the increasing demand for data extraction, several companies were created to provide effective and reliable guidance on data extraction so that the information obtained is correct and meets security requirements. Companies have also developed several software packages that make it much easier to scrape the Internet.

Importance of Data Extraction Services

After all, data extraction services has helped various organizations by providing them with very useful information. However, it is business companies that derive the greatest benefit from data extraction services. Some of the benefits associated with data extraction services are:

1 – This helps companies to easily notify their customers about price changes, promotions, and new product launches etc.

2 – It helps businesses in comparing the prices of their products with that of their competitors.

3 – It help meteorologists track climate change so they can focus more effectively.

4 – It also helps researchers by giving them detailed information about people's habits, among many others.

5 – It also helps e-commerce and e-banking services that use currency rates, bank interest rates, etc.

Data extraction services are mainly intended for collecting, storing and analyzing data with the help of bot scrappers that can extract any sort of data and convert it into a form that is useful and easily interpreted.

Here are a few challenges that one may experience while extracting data:

1 – Anti- scraping technologies

2 – Honeypot traps

3 – Pattern Changes

4 – Quality of data

5 – Data warehousing, and that’s just the beginning.

It is clear that in addition data extraction services, which provides useful data and information, it faces a number of problems. The good news is that data extraction service providers are constantly improving methods that in order to make sure that the information collected is accurate, up-to-date, and reliable and processed with the highest level of confidentiality.