Important Business Applications for Data Extraction Part 2

• Conducting market research, survey and analysis

Market research used to be a long costly process of interviewing segments of your target market, sending out surveys, and hoping for input you could use to better your product or service offerings. With the way the internet has streamlined communication and networking, it is easier than ever to reach customers and find out their opinions. Data extraction allows any business to gather important input from customers from forums, social networking sites, and anywhere they share their opinions online.

• Track, extract and harvest product pricing data

Knowing what your competitors charge for similar goods and services and keeping track of pricing trends is the best way to stay competitive. But you do not have to make numerous calls to other stores or spend hours searching for prices on other websites with data extraction. Data extraction makes it easy to automatically search for, compile, and organize competitor pricing data.