Data Mining and Financial Data Analysis

Data Mining and Financial Data Analysis

Introduction:

Most marketers understand the value of collecting financial data, but also realize the challenges of leveraging this knowledge to create intelligent, proactive pathways back to the customer. Data mining - technologies and techniques for recognizing and tracking patterns within data - helps businesses sift through layers of seemingly unrelated data for meaningful relationships, where they can anticipate, rather than simply react to, customer needs as well as financial need. In this accessible introduction, we provides a business and technological overview of data mining and outlines how, along with sound business processes and complementary technologies, data mining can reinforce and redefine for financial analysis.

Objective:

1. The main objective of mining techniques is to discuss how customized data mining tools should be developed for financial data analysis.

2. Usage pattern, in terms of the purpose can be categories as per the need for financial analysis.

3. Develop a tool for financial analysis through data mining techniques.

Data mining:

Data mining is the procedure for extracting or mining knowledge for the large quantity of data or we can say data mining is "knowledge mining for data" or also we can say Knowledge Discovery in Database (KDD). Means data mining is : data collection , database creation, data management, data analysis and understanding.

There are some steps in the process of knowledge discovery in database, such as

1. Data cleaning. (To remove nose and inconsistent data)

2. Data integration. (Where multiple data source may be combined.)

3. Data selection. (Where data relevant to the analysis task are retrieved from the database.)

4. Data transformation. (Where data are transformed or consolidated into forms appropriate for mining by performing summary or aggregation operations, for instance)

5. Data mining. (An essential process where intelligent methods are applied in order to extract data patterns.)

6. Pattern evaluation. (To identify the truly interesting patterns representing knowledge based on some interesting measures.)

7. Knowledge presentation.(Where visualization and knowledge representation techniques are used to present the mined knowledge to the user.)

Data Warehouse:

A data warehouse is a repository of information collected from multiple sources, stored under a unified schema and which usually resides at a single site.

Text:

Most of the banks and financial institutions offer a wide verity of banking services such as checking, savings, business and individual customer transactions, credit and investment services like mutual funds etc. Some also offer insurance services and stock investment services.

There are different types of analysis available, but in this case we want to give one analysis known as "Evolution Analysis".

Data evolution analysis is used for the object whose behavior changes over time. Although this may include characterization, discrimination, association, classification, or clustering of time related data, means we can say this evolution analysis is done through the time series data analysis, sequence or periodicity pattern matching and similarity based data analysis.

Data collect from banking and financial sectors are often relatively complete, reliable and high quality, which gives the facility for analysis and data mining. Here we discuss few cases such as,

Eg, 1. Suppose we have stock market data of the last few years available. And we would like to invest in shares of best companies. A data mining study of stock exchange data may identify stock evolution regularities for overall stocks and for the stocks of particular companies. Such regularities may help predict future trends in stock market prices, contributing our decision making regarding stock investments.

Eg, 2. One may like to view the debt and revenue change by month, by region and by other factors along with minimum, maximum, total, average, and other statistical information. Data ware houses, give the facility for comparative analysis and outlier analysis all are play important roles in financial data analysis and mining.

Eg, 3. Loan payment prediction and customer credit analysis are critical to the business of the bank. There are many factors can strongly influence loan payment performance and customer credit rating. Data mining may help identify important factors and eliminate irrelevant one.

Factors related to the risk of loan payments like term of the loan, debt ratio, payment to income ratio, credit history and many more. The banks than decide whose profile shows relatively low risks according to the critical factor analysis.

We can perform the task faster and create a more sophisticated presentation with financial analysis software. These products condense complex data analyses into easy-to-understand graphic presentations. And there's a bonus: Such software can vault our practice to a more advanced business consulting level and help we attract new clients.

To help us find a program that best fits our needs-and our budget-we examined some of the leading packages that represent, by vendors' estimates, more than 90% of the market. Although all the packages are marketed as financial analysis software, they don't all perform every function needed for full-spectrum analyses. It should allow us to provide a unique service to clients.

The Products:

ACCPAC CFO (Comprehensive Financial Optimizer) is designed for small and medium-size enterprises and can help make business-planning decisions by modeling the impact of various options. This is accomplished by demonstrating the what-if outcomes of small changes. A roll forward feature prepares budgets or forecast reports in minutes. The program also generates a financial scorecard of key financial information and indicators.

Customized Financial Analysis by BizBench provides financial benchmarking to determine how a company compares to others in its industry by using the Risk Management Association (RMA) database. It also highlights key ratios that need improvement and year-to-year trend analysis. A unique function, Back Calculation, calculates the profit targets or the appropriate asset base to support existing sales and profitability. Its DuPont Model Analysis demonstrates how each ratio affects return on equity.

Financial Analysis CS reviews and compares a client's financial position with business peers or industry standards. It also can compare multiple locations of a single business to determine which are most profitable. Users who subscribe to the RMA option can integrate with Financial Analysis CS, which then lets them provide aggregated financial indicators of peers or industry standards, showing clients how their businesses compare.

iLumen regularly collects a client's financial information to provide ongoing analysis. It also provides benchmarking information, comparing the client's financial performance with industry peers. The system is Web-based and can monitor a client's performance on a monthly, quarterly and annual basis. The network can upload a trial balance file directly from any accounting software program and provide charts, graphs and ratios that demonstrate a company's performance for the period. Analysis tools are viewed through customized dashboards.

PlanGuru by New Horizon Technologies can generate client-ready integrated balance sheets, income statements and cash-flow statements. The program includes tools for analyzing data, making projections, forecasting and budgeting. It also supports multiple resulting scenarios. The system can calculate up to 21 financial ratios as well as the breakeven point. PlanGuru uses a spreadsheet-style interface and wizards that guide users through data entry. It can import from Excel, QuickBooks, Peachtree and plain text files. It comes in professional and consultant editions. An add-on, called the Business Analyzer, calculates benchmarks.

ProfitCents by Sageworks is Web-based, so it requires no software or updates. It integrates with QuickBooks, CCH, Caseware, Creative Solutions and Best Software applications. It also provides a wide variety of businesses analyses for nonprofits and sole proprietorships. The company offers free consulting, training and customer support. It's also available in Spanish.

ProfitSystem fx Profit Driver by CCH Tax and Accounting provides a wide range of financial diagnostics and analytics. It provides data in spreadsheet form and can calculate benchmarking against industry standards. The program can track up to 40 periods.

Source : http://ezinearticles.com/?Data-Mining-and-Financial-Data-Analysis&id=2752017

Importance of Data Mining Services in Business

Importance of Data Mining Services in Business

Data mining is used in re-establishment of hidden information of the data of the algorithms. It helps to extract the useful information starting from the data, which can be useful to make practical interpretations for the decision making.
It can be technically defined as automated extraction of hidden information of great databases for the predictive analysis. In other words, it is the retrieval of useful information from large masses of data, which is also presented in an analyzed form for specific decision-making. Although data mining is a relatively new term, the technology is not. It is thus also known as Knowledge discovery in databases since it grip searching for implied information in large databases.
It is primarily used today by companies with a strong customer focus - retail, financial, communication and marketing organizations. It is having lot of importance because of its huge applicability. It is being used increasingly in business applications for understanding and then predicting valuable data, like consumer buying actions and buying tendency, profiles of customers, industry analysis, etc. It is used in several applications like market research, consumer behavior, direct marketing, bioinformatics, genetics, text analysis, e-commerce, customer relationship management and financial services.

However, the use of some advanced technologies makes it a decision making tool as well. It is used in market research, industry research and for competitor analysis. It has applications in major industries like direct marketing, e-commerce, customer relationship management, scientific tests, genetics, financial services and utilities.

Data mining consists of major elements:

    Extract and load operation data onto the data store system.
    Store and manage the data in a multidimensional database system.
    Provide data access to business analysts and information technology professionals.
    Analyze the data by application software.
    Present the data in a useful format, such as a graph or table.

The use of data mining in business makes the data more related in application. There are several kinds of data mining: text mining, web mining, relational databases, graphic data mining, audio mining and video mining, which are all used in business intelligence applications. Data mining software is used to analyze consumer data and trends in banking as well as many other industries.

Outsourcing Web Research offer complete Data Mining Services and Solutions to quickly collective data and information from multiple Internet sources for your Business needs in a cost efficient manner.

Sourec : http://ezinearticles.com/?Importance-of-Data-Mining-Services-in-Business&id=2601221

Data Extraction Services For Better Outputs in Your Business

Data Extraction Services For Better Outputs in Your Business

Data Extraction can be defined as the process of retrieving data from an unstructured source in order to process it further or store it. It is very useful for large organizations who deal with large amount of data on a daily basis that need to be processed into meaningful information and stored for later use. The data extraction is a systematic way to extract and structure data from scattered and semi-structured electronic documents, as found on the web and in various data warehouses.

In today's highly competitive business world, vital business information such as customer statistics, competitor's operational figures and inter-company sales figures play an important role in making strategic decisions. By signing on this service provider, you will be get access to critivcal data from various sources like websites, databases, images and documents.

It can help you take strategic business decisions that can shape your business' goals. Whether you need customer information, nuggets into your competitor's operations and figure out your organization's performance, it is highly critical to have data at your fingertips as and when you want it. Your company may be crippled with tons of data and it may prove a headache to control and convert the data into useful information. Data extraction services enable you get data quickly and in the right format.

Few areas where Data Extraction can help you are:

    Capturing financial data
    Generating better sales leads
    Conducting market research, survey and analysis
    Conducting product research and analysis
    Track, extract and harvest product pricing data
    Searching for specific job postings
    Duplicating an online database
    Acquiring real estate data
    Processing auction information
    Searching online newspapers for latest pricing information
    Extracting and summarize news stories from online news sources

Outsourcing companies provide custom made data extraction services to the client's requirements. The different types of data extraction services;

    Web extraction
    Database extraction

Outsourcing is the beneficial option for large organizations seeking to manage large information. Outsourcing this services helps businesses in managing their data effectively, which in turn enables business to experience an increase in profits. By outsourcing, you can certainly increase your competitive edge and save costs too!

This article is courtesy of Web Scraping Expert - an executive at Outsourcing Web Research offer high quality and time bound comprehensive range of data extraction services at affordable rates. For more info please visit us at: http://www.webscrapingexpert.com/ or directly send your requirements at: info@webscrapingexpert.com

Source:http://ezinearticles.com/?Data-Extraction-Services-For-Better-Outputs-in-Your-Business&id=2760257

Increasing Accessibility by Scraping Information From PDF

Increasing Accessibility by Scraping Information From PDF

You may have heard about data scraping which is a method that is being used by computer programs in extracting data from an output that comes from another program. To put it simply, this is a process which involves the automatic sorting of information that can be found on different resources including the internet which is inside an html file, PDF or any other documents. In addition to that, there is the collection of pertinent information. These pieces of information will be contained into the databases or spreadsheets so that the users can retrieve them later.

Most of the websites today have text that can be accessed and written easily in the source code. However, there are now other businesses nowadays that choose to make use of Adobe PDF files or Portable Document Format. This is a type of file that can be viewed by simply using the free software known as the Adobe Acrobat. Almost any operating system supports the said software. There are many advantages when you choose to utilize PDF files. Among them is that the document that you have looks exactly the same even if you put it in another computer so that you can view it. Therefore, this makes it ideal for business documents or even specification sheets. Of course there are disadvantages as well. One of which is that the text that is contained in the file is converted into an image. In this case, it is often that you may have problems with this when it comes to the copying and pasting.

This is why there are some that start scraping information from PDF. This is often called PDF scraping in which this is the process that is just like data scraping only that you will be getting information that is contained in your PDF files. In order for you to begin scraping information from PDF, you must choose and exploit a tool that is specifically designed for this process. However, you will find that it is not easy to locate the right tool that will enable you to perform PDF scraping effectively. This is because most of the tools today have problems in obtaining exactly the same data that you want without personalizing them.

Nevertheless, if you search well enough, you will be able to encounter the program that you are looking for. There is no need for you to have programming language knowledge in order for you to use them. You can easily specify your own preferences and the software will do the rest of the work for you. There are also companies out there that you can contact and they will perform the task since they have the right tools that they can use. If you choose to do things manually, you will find that this is indeed tedious and complicated whereas if you compare this to having professionals do the job for you, they will be able to finish it in no time at all. Scraping information from PDF is a process where you collect the information that can be found on the internet and this does not infringe copyright laws.

Source:http://ezinearticles.com/?Increasing-Accessibility-by-Scraping-Information-From-PDF&id=4593863

Data Discovery vs. Data Extraction

Data Discovery vs. Data Extraction

Looking at screen-scraping at a simplified level, there are two primary stages involved: data discovery and data extraction. Data discovery deals with navigating a web site to arrive at the pages containing the data you want, and data extraction deals with actually pulling that data off of those pages. Generally when people think of screen-scraping they focus on the data extraction portion of the process, but my experience has been that data discovery is often the more difficult of the two.

The data discovery step in screen-scraping might be as simple as requesting a single URL. For example, you might just need to go to the home page of a site and extract out the latest news headlines. On the other side of the spectrum, data discovery may involve logging in to a web site, traversing a series of pages in order to get needed cookies, submitting a POST request on a search form, traversing through search results pages, and finally following all of the "details" links within the search results pages to get to the data you're actually after. In cases of the former a simple Perl script would often work just fine. For anything much more complex than that, though, a commercial screen-scraping tool can be an incredible time-saver. Especially for sites that require logging in, writing code to handle screen-scraping can be a nightmare when it comes to dealing with cookies and such.

In the data extraction phase you've already arrived at the page containing the data you're interested in, and you now need to pull it out of the HTML. Traditionally this has typically involved creating a series of regular expressions that match the pieces of the page you want (e.g., URL's and link titles). Regular expressions can be a bit complex to deal with, so most screen-scraping applications will hide these details from you, even though they may use regular expressions behind the scenes.

As an addendum, I should probably mention a third phase that is often ignored, and that is, what do you do with the data once you've extracted it? Common examples include writing the data to a CSV or XML file, or saving it to a database. In the case of a live web site you might even scrape the information and display it in the user's web browser in real-time. When shopping around for a screen-scraping tool you should make sure that it gives you the flexibility you need to work with the data once it's been extracted.

Source: http://ezinearticles.com/?Data-Discovery-vs.-Data-Extraction&id=165396

How Xpath Plays Vital Role In Web Scraping

How Xpath Plays Vital Role In Web Scraping

XPath is a language for finding information in structured documents like XML or HTML. You can say that XPath is (sort of) SQL for XML or HTML files. XPath is used to navigate through elements and attributes in an XML or HTML document.

To understand XPath we must be clear about elements and nodes which are the building blocks of XML and HTML. Let’s talk about them. Here is an example element in an HTML document:

   <a class=”hyperlink” href=http://www.google.com>google</a>

Copy the above text to a file, name it as sample.html and open it in a browser. This will end up as a text link displaying the words “google” and it will take you to www.google.com. For each element there are three main parts: The type, the attributes, andthe text. They are listed below:

 a                                 Type
class,  href                Attributes
google                       Text

Let’s grab some XPath developer tools. I am on Firebug for Firefox or you can use Chrome’s developer tools. We will now form some XPath expressions to extract data from the above element. We will also verify the XPath by using Firebug Console.

For extracting the text “google”:

   //a[@href]/text()   

   //a[@class=”hyperlink”]/text()
 
For extracting the hyperlink i.e. ”www.google.com” :

   //a/@href
//a[@class=”hyperlink”]/@href

That’s all with a single element but in reality, you need to deal with more complex forms.

Let’s proceed to the idea of nodes, and its familial relationship of HTML elements. Look at this example code:

 <div title=”Section1″>

   <table id=”Search”>

       <tr class=”Yahoo”>Yahoo Search</tr>

       <tr class=”Google”>Google Search</tr>

   </table>

</div>

 Notice the </div> at the bottom? That means the table and tr elements are contained within the div. These other elements are considered descendants of the div. The table is a child, and the tr is a grandchild (and so on and so forth). The two tr elements are considered siblings each other. This is vital, as XPath uses these relationships to find your element.

So suppose you want to find the Google item. Any of the following expressions will work:

   //tr[@class=’Google’]
   //div/table/tr[2]
  //div[@title=”Section1″]//tr

So let’s analyze the expressions. We start at the top element (also known as a node). The // means to search all descendants, / means to just look at the current element’s children. So //div means look through all descendants for a div element. The brackets [] specify something about that element. So we can look for an attribute with the @ symbol, or look for text with the text() function. We can chain as many of these together as we can.

Here is a quick reference:

   //             Search all descendant elements
   /              Search all child elements
   []             The predicate (specifies something about the element you are looking for)
   @           Specifies an element attribute. (For example, @title)
   
   .               Specifies the current node (useful when you want to look for an element’s children in the predicate)
   ..              Specifies the parent node
  text()       Gets the text of the element.
   
In the context of web scraping, XPath is a nice tool to have in your belt, as it allows you to write specifications of document locations more flexibly than CSS selectors.

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Source: http://blog.datahut.co/how-xpath-plays-vital-role-in-web-scraping/

Why Outsourcing Data Mining Services?

Why Outsourcing Data Mining Services?

Are huge volumes of raw data waiting to be converted into information that you can use? Your organization's hunt for valuable information ends with valuable data mining, which can help to bring more accuracy and clarity in decision making process.

Nowadays world is information hungry and with Internet offering flexible communication, there is remarkable flow of data. It is significant to make the data available in a readily workable format where it can be of great help to your business. Then filtered data is of considerable use to the organization and efficient this services to increase profits, smooth work flow and ameliorating overall risks.

Data mining is a process that engages sorting through vast amounts of data and seeking out the pertinent information. Most of the instance data mining is conducted by professional, business organizations and financial analysts, although there are many growing fields that are finding the benefits of using in their business.

Data mining is helpful in every decision to make it quick and feasible. The information obtained by it is used for several applications for decision-making relating to direct marketing, e-commerce, customer relationship management, healthcare, scientific tests, telecommunications, financial services and utilities.

Data mining services include:

•     Congregation data from websites into excel database
•     Searching & collecting contact information from websites
•     Using software to extract data from websites
•     Extracting and summarizing stories from news sources
•     Gathering information about competitors business

In this globalization era, handling your important data is becoming a headache for many business verticals. Then outsourcing is profitable option for your business. Since all projects are customized to suit the exact needs of the customer, huge savings in terms of time, money and infrastructure can be realized.

Advantages of Outsourcing Data Mining Services:

•     Skilled and qualified technical staff who are proficient in English
•     Improved technology scalability
•     Advanced infrastructure resources
•     Quick turnaround time
•     Cost-effective prices
•     Secure Network systems to ensure data safety
•     Increased market coverage

Outsourcing will help you to focus on your core business operations and thus improve overall productivity. So data mining outsourcing is become wise choice for business. Outsourcing of this services helps businesses to manage their data effectively, which in turn enable them to achieve higher profits.

Source: http://ezinearticles.com/?Why-Outsourcing-Data-Mining-Services?&id=3066061

How Web Scraping Affects your Revenue Growth

How Web Scraping Affects your Revenue Growth

Web scraping is an indispensable resource when it comes to gaining an edge in the competition with the help of business intelligence. As more and more data gets created on the world wide web, the complexity of extracting it intensifies. Web scraping is a technology that demands an extensive tech stack, high end resources and technically skilled labour. Given this resource hungry nature, many businesses prefer outsourcing it to doing the scraping in-house. Here is a brief walk-through of web scraping so that you can get a grip on the whole process and understand how it could affect your revenue growth as a business.

Business intelligence

The competition among online businesses is at its peak. This has more to do with the ready availability of insightful data. When data acquisition at this scale wasn’t possible in the past, businesses made hit-or-miss decisions upon instincts. Now that every activity can be recorded, extracted as data and analysed to arrive at the best business decisions, companies are making the most of it to boost their revenue. This includes monitoring the activity of competitors on social media, price intelligence, sentiment analysis, gathering data for market research and much more. The use cases of web scraping in business is almost infinite. Business intelligence is extremely helpful for the survival of companies in a market that fluctuates often. Implementing a business intelligence strategy powered by web scraping can definitely give a boost to your revenue growth.
Cost centres involved in in-house Web Scraping

Web scraping, despite being a robust solution for extracting data from the web, is not going to be an easy path if your company is not technically rich already. It involves setting up resources like a tech stack and servers that can run the web crawler by a technically skilled team. Following are the primary cost centres involved in the web scraping process.

1. High end servers

Web scraping is a resource intensive process. Considering the importance of uptime here, the crawlers cannot be run on average performance machines. To have the optimum uptime and avoid crashes, the crawler has to be run on high performing servers located in different parts of the world. The quality of servers is crucial to the consistency of the process. Not to mention, these high end servers makeup for a significant amount of the cost involved in web scraping.

2. Technically skilled labour

Scanning through the source code to identify appropriate tags that hold the required data points and creating a program that can automatically fetch these data points from similar pages’ at large scale requires deep programming skills. It goes without saying that employing skilled people would incur cost that could take a hit on your revenue. Ideally, you will need a team of at least 10 to run a web scraping setup in-house.       

3. An extensive tech stack

Although most of the software being used for web scraping are open source, you will find yourself investing in paid software to make certain things easier or faster. Dealing with open source software might not be as user friendly as the paid ones. In any case, having a tech stack with a lot of options is a necessary aspect of web scraping that would incur additional cost.   

4. Maintenance

Building and running the web scraping setup is only half of the story. Since websites undergo changes often, there is a possibility of the crawler setup breaking from time to time. To avoid or solve this at the earliest, a monitoring system that involves both machines and humans is necessary. Monitoring and maintenance contribute to a considerable cost in the web scraping process.
Data as a service

If data for business is your requirement, a better way to acquire it would be to depend on a company that can deliver it via the data as a service route. Web scraping companies have already set up high-end resources required to run the web crawlers that you can utilize to avail web scraping at a much lower cost than what you would incur by doing it on your own. With this, you can also save yourself from the complications and maintenance headache associated with web scraping. Moreover, with a web scraping service, you can enjoy a much higher return on investment owing to the lowered cost of data acquisition. You can use our ROI calculator to compare between the cost of going with an in-house web scraping setup and a hosted solution.

Source: https://www.promptcloud.com/blog/web-scraping-affects-revenue-growth

PDF Scraping: Making Modern File Formats More Accessible

Data scraping is the process of automatically sorting through information contained on the internet inside html, PDF or other documents and collecting relevant information to into databases and spreadsheets for later retrieval. On most websites, the text is easily and accessibly written in the source code but an increasing number of businesses are using Adobe PDF format (Portable Document Format: A format which can be viewed by the free Adobe Acrobat software on almost any operating system. See below for a link.). The advantage of PDF format is that the document looks exactly the same no matter which computer you view it from making it ideal for business forms, specification sheets, etc.; the disadvantage is that the text is converted into an image from which you often cannot easily copy and paste. PDF Scraping is the process of data scraping information contained in PDF files. To PDF scrape a PDF document, you must employ a more diverse set of tools.

There are two main types of PDF files: those built from a text file and those built from an image (likely scanned in). Adobe's own software is capable of PDF scraping from text-based PDF files but special tools are needed for PDF scraping text from image-based PDF files. The primary tool for PDF scraping is the OCR program. OCR, or Optical Character Recognition, programs scan a document for small pictures that they can separate into letters. These pictures are then compared to actual letters and if matches are found, the letters are copied into a file. OCR programs can perform PDF scraping of image-based PDF files quite accurately but they are not perfect.

Once the OCR program or Adobe program has finished PDF scraping a document, you can search through the data to find the parts you are most interested in. This information can then be stored into your favorite database or spreadsheet program. Some PDF scraping programs can sort the data into databases and/or spreadsheets automatically making your job that much easier.

Quite often you will not find a PDF scraping program that will obtain exactly the data you want without customization. Surprisingly a search on Google only turned up one business, (the amusingly named ScrapeGoat.com that will create a customized PDF scraping utility for your project. A handful of off the shelf utilities claim to be customizable, but seem to require a bit of programming knowledge and time commitment to use effectively. Obtaining the data yourself with one of these tools may be possible but will likely prove quite tedious and time consuming. It may be advisable to contract a company that specializes in PDF scraping to do it for you quickly and professionally.

Let's explore some real world examples of the uses of PDF scraping technology. A group at Cornell University wanted to improve a database of technical documents in PDF format by taking the old PDF file where the links and references were just images of text and changing the links and references into working clickable links thus making the database easy to navigate and cross-reference. They employed a PDF scraping utility to deconstruct the PDF files and figure out where the links were. They then could create a simple script to re-create the PDF files with working links replacing the old text image.

A computer hardware vendor wanted to display specifications data for his hardware on his website. He hired a company to perform PDF scraping of the hardware documentation on the manufacturers' website and save the PDF scraped data into a database he could use to update his webpage automatically.

PDF Scraping is just collecting information that is available on the public internet. PDF Scraping does not violate copyright laws.

PDF Scraping is a great new technology that can significantly reduce your workload if it involves retrieving information from PDF files. Applications exist that can help you with smaller, easier PDF Scraping projects but companies exist that will create custom applications for larger or more intricate PDF Scraping jobs.

Source: http://ezinearticles.com/?PDF-Scraping:-Making-Modern-File-Formats-More-Accessible&id=193321

How to use Web Content Extractor(WCE) as Email Scraper?

How to use Web Content Extractor(WCE) as Email Scraper?

Web Content Extractor is a great web scraping software developed by Newprosoft Team. The software has easy to use project wizard to create a scraping configuration and scrape data from websites.

One day I came to see the Visual Email Extractor which is also product of Newprosoft and similar to Web Content Extractor but it’s primary use is to scrape email addresses by crawling websites you feed to the scraper. I had noticed that with the little modification in Web Content Extractor project configuration you can use it same as Visual Email Extractor to extract email addresses.

In this post I will show you what configuration makes the Web Content Extractor to extract email addresses. I still recommend Visual Email Extractor as it has lot more features then extracting email using WCE.

Here are the configuration that makes WCE to Extract Emails.

Step 1 : Open Web Content Extractor and Create New Project and Click on Next.

Step 2:  Under Crawling Rules -> Advanced Rules Tab do the following settings

Crawling Level 1 Settings

Follow Links if link text equals:
*contact*; *feedback*; *support*; *about*

for 'Follow Links if link text equals' text box enter following values:
contact; feedback; support; about

for 'Do not Follow links if URL contains' text box enter following values:

google.; yahoo.; bing; msn.; altavista.; myspace.com; youtube.com; googleusercontent.com; =http; .jpg; .gif; .png; .bmp; .exe; .zip; .pdf;

Set 'Maximum Crawling Deapth' to 2

set 'Crawling Order' to Deapth First Crawling

Tick mark below below check boxes:

->Follow all internal links

  Crawling Level 2  Settings

set 'Follow links if link text equals' to below value

*contact*; *feedback*; *support*; *about*

set 'Follow links if url contains' text box to below value

contact; feedback; support; about

set 'DO NOT follow links if url contains' text box to below value

=http

Step 3 After doing above settings now click on Next  -> in Extraction Pattern window -> Click on Define ->  in Web Page Address (URL) give any URL where email is given.  and click on  + sign right of Date Fields to define scraping pattern.

Now inside HTML Structure selects HTML check box or Body check box which means for each page it will take whole page content to parse data.

Now last settings to extract emails from page using regular expression based email extraction function.  Open Predefined Script window and select ‘Extract_Email_Addresses‘ and click on OK. and if you have used page that contains email then in Script Result’ you will be able to see the harvested email.

Hope this will help you to use your Web Content Extractor as a Email Scraper.. Share your view in comment.

Source: http://webdata-scraping.com/use-web-content-extractor-as-email-scraper/

Powerful Web Scraping Software – Content Grabber Review

Powerful Web Scraping Software – Content Grabber Review

There are many web scraping software and cloud based web scraping services available in the market for extracting data from the websites. They vary widely in cost and features. In this article, I am going to introduce one such advanced web scraping tool “Content Grabber”, which is widely used and the best web scraping software in the market.

Content Grabber is used for web extraction, web scraping and web automation. It can extract content from complex websites and export it as structured data in a variety of formats like Excel Spreadsheets, XML, CSV and databases. Content Grabber can also extract data from highly dynamic websites. It can extract from AJAX-enabled websites, submit forms repeatedly to cover all possible input values, and manage website logins.

Content Grabber is designed to be reliable, scalable and customizable. It is specifically designed for users with a critical reliance on web scraping and web data extraction. It also enables you to make standalone web scraping agents which you can market and sell as your own royalty free web scraping software.

Applications of Content Grabber:

The following are the few applications of Content Grabber:

•     Data aggregation – for example news aggregation.
•     Competitive pricing and monitoring e.g. monitor dealers for price compliance.
•     Financial and Market Research e.g. Make proactive buying and selling decisions by continuously receiving corporate operational data.
•     Content Integration i.e. integration of data from various sources at one place.
•     Business Directory Scraping – for example: yellow pages scraping, yelp scraping, superpages scraping etc.
•     Extracting company data from yellow pages for scraping common data fields like Business Name, Address, Telephone, Fax, Email, Website and Category of Business.
•     Extracting eBay auction data like: eBay Product Name, Store Information, Buy it Now prices, Product Price, List Price, Seller Price and many more.
•     Extracting Amazon product data: Information such as Product title, cost, description, details, availability, shipping info, ASIN, rating, rank, etc can be extracted.

Content Grabber Features:

The following section highlights some of the key features of Content Grabber:

1. Point and Click Interface

The Content Grabber editor has an easy to use point and click interface that provides easy point and click configuration. One simply needs to click on web elements to configure website navigation and content capture.

2. Easy to Use

The Content Grabber point and click interface is so simple to use that it can easily be used by beginners and non-programmers. There is certain built in facilities that automatically detect and configure all commands. It will automatically create a list of links, lists of content, manage pagination, handle web pages, download or upload files and capture any action you perform on a web page. You can also manually configure the agent commands, so Content Grabber gives you both simplicity and control.

3. Reliable and Scalable

Content Grabber’s powerful features like testing and debugging, solid error handling and error recovery, allows agent to run in the most difficult scenarios. It easily handles and scrapes dynamic websites built with JavaScript and AJAX. Content Grabber’s Intelligent agents don’t break with most site structure changes. These features enable us to build reliable web scraping agents. There are various configurations and performance tuning options that makes Content Grabber scalable. You can build as many web scraping agents as you want with Content Grabber.

4. High Performance

Multi-threading is used to increase the performance in Content Grabber. Content Grabber uses optimized web browsers. It uses static browsers for static web pages and dynamic browsers for dynamic web pages. It has an ultra-fast HTML5 parser for ultra-fast web scraping. One can use many web browsers concurrently to boost performance.

5. Debugging, Logging and Error Handling

Content Grabber has robust support for debugging, error handling and logging. Using a debugger, you can test and debug the web scraping agents which helps you to build reliable and error free web scraping solutions because most of the issues are addressed at design time. Content Grabber allows agent logging with three detail levels: Log URLs, Log raw HTML, Log to database or file. Logs can be useful to identify problems that occurred during execution of a web scraping agent. Content Grabber supports automatic error handling and custom error handling through scripting. Error status reports can also be mailed to administrators.

6. Scripting

Content Grabber comes with a built in script editor with IntelliSense that one can use in case of some unusual requirements or to fine tune some process. Scripting can be used to control agent behaviour, content transformation, customize data export and delivery and to generate data inputs for agent.

7. Unlimited Web Scraping Agents

Content Grabber allows building an unlimited number of Self-Contained Web Scraping Agents. Self-Contained agents are a standalone executable that can be run independently, branded as your own and distributed royalty free. Content Grabber provides an easy to use and effective GUI to manage all the agents. One can view status and logs of all the agents or run and schedule the agents in one centralized location.

8. Automation

Require data on a schedule? Weekly? Everyday? Each hour? Content Grabber allows automating and publishing extracted data. Configure Content Grabber by telling what data you want once, and then schedule it to run automatically.

And much more

There are too many features that Content Grabber provides, but here are a few more that may be useful and interest you.

•     Schedule agents
•     Manage proxies
•     Custom notification criteria and messages
•     Email notifications
•     Handle websites logins
•     Capture Screenshots of web elements or entire web page or save as PDF.
•     Capture hidden content on web page.
•     Crawl entire website
•     Input data from almost any data source.
•     Auto scroll to load dynamic data
•     Handle complex JAVASCRIPT and AJAX actions
•     XPATH support
•     Convert Images to Text
•     CAPTCHA handling
•     Extract data from non-HTML documents like PDF and Word Documents
•     Multi-threading and multiple web browsers
•     Run agent from command line.

The above features come with the Professional edition license. Content Grabber’s Premium edition license is available with the following extra features:

1. Visual Studio 2013 integration

One can integrate Content Grabber to Visual Studio and take advantages of extra powerful script editing, debugging, and unit testing.

2. Remove Content Grabber branding

One can remove Content Grabber branding from the Content Grabber agents and distribute the executable.

3. Custom Design Templates

One can customize the Content Grabber agent user interface design with custom HTML templates – e.g. add your own company branding.

4. Royalty free distribution

One can distribute the Content Grabber agent to anybody without paying royalty fees and can run agents from the command line anywhere.

5. Programming Interface

Programming interfaces like Desktop API, Web API and windows service for building and editing agents.

6. Custom Web Scraping Application Development:

Content Grabber provides API and Visual Studio Integration which developer can use to build custom web scraping applications. It provides full control of the user interface and export functionality. One can develop both Desktop as well as Web based custom web scraping applications using the Content Grabber programming interface. It is a great tool and provides opportunity for developers to build general web scraping applications and sell those to generate revenue.

Are you looking for web scraping services? Do you need any assistance related to Content Grabber? We can probably help you to achieve your scraping-based project goals. We would be more than happy to hear from you.

Source: http://webdata-scraping.com/powerful-web-scraping-software-content-grabber/

Calculate your ROI on Web Scraping using our ROI Calculator

Calculate your ROI on Web Scraping using our ROI Calculator

Staying atop the competition is a vital thing for the survival and growth of businesses these days. Ever since big data came into the picture, web scraping has become something businesses from every industry has to invest in. If your company is not in a technically advanced industry, web scraping could even be a nightmare to start with. Wondering if going with in-house web scraping is right for you? In house or outsourcing, in the end it’s all about the returns on investment.

ROI Calculator

Considering the numerous factors that determine how much web scraping can cost you, it’s not easy to calculate the ROI on your in-house web scraping.

In house web scraping is certainly a challenging process. If you plan on going down this way, here is a brief list of prerequisites.

Engineers

Technically skilled labour is an essential requirement for web scraping. Since, web scraping techniques are complicated, it needs good programming skills to write, run and maintain the scraping bots. The cost of labour can be one of the drawbacks with doing in house web scraping.

Hardware Resources

Web scraping is a resource hungry process which requires high end servers and lots of bandwidth. Without the adequate resources, you might end up losing important data. The cost of quality servers could easily make you want to reconsider doing web scraping on your own. Not to mention the doubling up of these resources in order to keep the data intact, espcially if you’re looking at large scale.

Maintainability and ukeep of your tech stack

Once you have your servers and other technical components setup, the real deal only starts. You have to ensure availability of your servers, data backups, restoring previous states, failovers, among many other complications associated with managing servers and fixing them up when something goes wrong. You need to allocate resources (both people and hardware) to take care of the above.

Time

Time is something that we cannot really include in the equation when it comes to calculating the returns. But it is definitely a factor that defines if web scraping in house is worth it. Although web scraping is the fastest way to acquire data, the initial setup and maintenance are time consuming and complicated. This could easily lead to conflicts when you have to distribute your time between web scraping and other business activities that are crucial for your company.

Try the ROI Calculator

We came up with an ROI calculator to easily calculate your returns on investment with our web scraping services. Using this, you could easily compare the cost of in house web scraping with PromptCloud’s dedicated web scraping services. Find out how much you can save by going the PromptCloud way.

Source: https://www.promptcloud.com/blog/calculate-roi-on-web-scraping

Why is a Web scraping service better than Scraping tools

Why is a Web scraping service better than Scraping tools

Web scraping has been making ripples across various industries in the last few years. Newer businesses can employ web scraping to gain quick market insights and equip themselves to take on their competitors. This works like clockwork if you know how to do the analysis right. Before we jump into that, there is the technical aspect of web scraping. Should your company use a scraping tool to get the required data from the web? Although this sounds like an easy solution, there is more to it than what meets the eye. We explain why it’s better to go with a dedicated web scraping service to cover your data acquisition needs rather than going by the scraping tool route.

Cost is lowered

Although this might come as a surprise, the cost of getting data from employing a data scraping tool along with an IT personnel who can get it done would exceed the cost of a good subscription based web scraping service. Not every company has the necessary resources needed to run web scraping in-house. By depending on a Data service provider, you will save the cost of software, resources and labour required to run web crawling in the firm. Besides, you will also end up having more time and less worries. More of your time and effort can therefore go into the analysis part which is crucial to you as a business owner.

Accessibility is high with a service

Multifaceted websites make it difficult for the scraping tools to extract data. A good web scraping service on the other hand can easily deal with bottlenecks in the scraping process when it may arise. Websites to be scraped often undergo changes in their structure which calls for modification of the crawler accordingly. Unlike a scraping tool, a dedicated service will be able to extract data from complex sites that use Ajax, Javascript and the like. By going with a subscription based service, you are doing yourself the favour of not being involved in this constant headache.

Accuracy in results

A DIY scraping tool might be able to get you data, but the accuracy and relevance of the acquired data will vary. You might be able to get it right with a particular website, but that might not be the case with another. This gives uncertainty to the results of your data acquisition and could even be disastrous for your business. On the other hand, a good scraping service will give you highly refined data which is in a ready to consume form.

Outcomes are instant with a service

Considering the high resource requirements of the web scraping process, your scraping tool is likely to be much slower than a reputed service that has got the right infrastructure and resources to scrape data from the web efficiently. It might not be feasible for your firm to acquire and manage the same setup since that could affect the focus of your business.

Tidying up of Data is an exhausting process

Web scrapers collect data into a dump file which would be huge in size. You will have to do a lot of tidying up in this to get data in a usable format. With the scraping tools route, you would be looking for more tools to clean up the data collected. This is a waste of time and effort that you could use in much better aspects of your business. Whereas with a web scraping service, you won’t have to worry about cleaning up of the data as it comes with the service. You get the data in a plug and use format which gives you more time to do better things.

Many sites have policies for data scraping

Sometimes, websites that you want to scrape data from might have policies discouraging the act. You wouldn’t want to act against their policies being ignorant of their existence and get into legal trouble. With a web scraping service, you don’t have to worry about these. A well-established data scraping provider will definitely follow the rules and policies set by the website. This would mean you can be relieved of such worries and go ahead with finding trends and ideas from the data that they provide.

More time to analyse the data

This is so far the best advantage of going with a scraping service rather than a tool. Since all the things related to data acquisition is dealt by the scraping service provider, you would have more time for analysing and deriving useful business decisions from this data. Being the business owner, analysing the data with care should be your highest priority. Since using a scraping tool to acquire data will cost you more time and effort, the analysis part is definitely going to suffer which defies your whole purpose.

Bottom line

It is up to you to choose between a web scraping tool and a dedicated scraping service. Being the business owner, it i s much better for you to stay away from the technical aspects of web scraping and focus on deriving a better business strategy from the data. When you have made up your mind to go with a data scraping service, it is important to choose the right web scraping service for maximum benefits.

Source: https://www.promptcloud.com/blog/web-scraping-services-better-than-scraping-tools

Business Intelligence & Data Warehousing in a Business Perspective

Business Intelligence & Data Warehousing in a Business Perspective

Business Intelligence

Business Intelligence has become a very important activity in the business arena irrespective of the domain due to the fact that managers need to analyze comprehensively in order to face the challenges.

Data sourcing, data analysing, extracting the correct information for a given criteria, assessing the risks and finally supporting the decision making process are the main components of BI.

In a business perspective, core stakeholders need to be well aware of all the above stages and be crystal clear on expectations. The person, who is being assigned with the role of Business Analyst (BA) for the BI initiative either from the BI solution providers' side or the company itself, needs to take the full responsibility on assuring that all the above steps are correctly being carried out, in a way that it would ultimately give the business the expected leverage. The management, who will be the users of the BI solution, and the business stakeholders, need to communicate with the BA correctly and elaborately on their expectations and help him throughout the process.

Data sourcing is an initial yet crucial step that would have a direct impact on the system where extracting information from multiple sources of data has to be carried out. The data may be on text documents such as memos, reports, email messages, and it may be on the formats such as photographs, images, sounds, and they can be on more computer oriented sources like databases, formatted tables, web pages and URL lists. The key to data sourcing is to obtain the information in electronic form. Therefore, typically scanners, digital cameras, database queries, web searches, computer file access etc, would play significant roles. In a business perspective, emphasis should be placed on the identification of the correct relevant data sources, the granularity of the data to be extracted, possibility of data being extracted from identified sources and the confirmation that only correct and accurate data is extracted and passed on to the data analysis stage of the BI process.

Business oriented stake holders guided by the BA need to put in lot of thought during the analyzing stage as well, which is the second phase. Synthesizing useful knowledge from collections of data should be done in an analytical way using the in-depth business knowledge whilst estimating current trends, integrating and summarizing disparate information, validating models of understanding, and predicting missing information or future trends. This process of data analysis is also called data mining or knowledge discovery. Probability theory, statistical analysis methods, operational research and artificial intelligence are the tools to be used within this stage. It is not expected that business oriented stake holders (including the BA) are experts of all the above theoretical concepts and application methodologies, but they need to be able to guide the relevant resources in order to achieve the ultimate expectations of BI, which they know best.

Identifying relevant criteria, conditions and parameters of report generation is solely based on business requirements, which need to be well communicated by the users and correctly captured by the BA. Ultimately, correct decision support will be facilitated through the BI initiative and it aims to provide warnings on important events, such as takeovers, market changes, and poor staff performance, so that preventative steps could be taken. It seeks to help analyze and make better business decisions, to improve sales or customer satisfaction or staff morale. It presents the information that manager's need, as and when they need it.

In a business sense, BI should go several steps forward bypassing the mere conventional reporting, which should explain "what has happened?" through baseline metrics. The value addition will be higher if it can produce descriptive metrics, which will explain "why has it happened?" and the value added to the business will be much higher if predictive metrics could be provided to explain "what will happen?" Therefore, when providing a BI solution, it is important to think in these additional value adding lines.

Data warehousing

In the context of BI, data warehousing (DW) is also a critical resource to be implemented to maximize the effectiveness of the BI process. BI and DW are two terminologies that go in line. It has come to a level where a true BI system is ineffective without a powerful DW, in order to understand the reality behind this statement, it's important to have an insight in to what DW really is.

A data warehouse is one large data store for the business in concern which has integrated, time variant, non volatile collection of data in support of management's decision making process. It will mainly have transactional data which would facilitate effective querying, analyzing and report generation, which in turn would give the management the required level of information for the decision making.

The reasons to have BI together with DW

At this point, it should be made clear why a BI tool is more effective with a powerful DW. To query, analyze and generate worthy reports, the systems should have information available. Importantly, transactional information such as sales data, human resources data etc. are available normally in different applications of the enterprise, which would obviously be physically held in different databases. Therefore, data is not at one particular place, hence making it very difficult to generate intelligent information.

The level of reports expected today, are not merely independent for each department, but managers today want to analyze data and relationships across the enterprise so that their BI process is effective. Therefore, having data coming from all the sources to one location in the form of a data warehouse is crucial for the success of the BI initiative. In a business viewpoint, this message should be passed and sold to the managements of enterprises so that they understand the value of the investment. Once invested, its gains could be achieved over several years, in turn marking a high ROI.

Investment costs for a DW in the short term may look quite high, but it's important to re-iterate that the gains are much higher and it will span over many years to come. It also reduces future development cost since with the DW any requested report or view could be easily facilitated. However, it is important to find the right business sponsor for the project. He or she needs to communicate regularly with executives to ensure that they understand the value of what's being built. Business sponsors need to be decisive, take an enterprise-wide perspective and have the authority to enforce their decisions.

Process

Implementation of a DW itself overlaps with some phases of the above explained BI process and it's important to note that in a process standpoint, DW falls in to the first few phases of the entire BI initiative. Gaining highly valuable information out of DW is the latter part of the BI process. This can be done in many ways. DW can be used as the data repository of application servers that run decision support systems, management Information Systems, Expert systems etc., through them, intelligent information could be achieved.

But one of the latest strategies is to build cubes out of the DW and allow users to analyze data in multiple dimensions, and also provide with powerful analytical supporting such as drill down information in to granular levels. Cube is a concept that is different to the traditional relational 2-dimensional tabular view, and it has multiple dimensions, allowing a manager to analyze data based on multiple factors, and not just two factors. On the other hand, it allows the user to select whatever the dimension he wish to choose for analyzing purposes and not be limited by one fixed view of data, which is called as slice & dice in DW terminology.

BI for a serious enterprise is not just a phase of a computerization process, but it is one of the major strategies behind the entire organizational drivers. Therefore management should sit down and build up a BI strategy for the company and identify the information they require in each business direction within the enterprise. Given this, BA needs to analyze the organizational data sources in order to build up the most effective DW which would help the strategized BI process.

High level Ideas on Implementation

At the heart of the data warehousing process is the extract, transform, and load (ETL) process. Implementation of this merely is a technical concern but it's a business concern to make sure it is designed in such a way that it ultimately helps to satisfy the business requirements. This process is responsible for connecting to and extracting data from one or more transactional systems (source systems), transforming it according to the business rules defined through the business objectives, and loading it into the all important data model. It is at this point where data quality should be gained. Of the many responsibilities of the data warehouse, the ETL process represents a significant portion of all the moving parts of the warehousing process.

Creation of a powerful DW depends on the correctness of data modeling, which is the responsibility of the database architect of the project, but BA needs to play a pivotal role providing him with correct data sources, data requirements and most importantly business dimensions. Business Dimensional modeling is a special method used for DW projects and this normally should be carried out by the BA and from there onwards technical experts should take up the work. Dimensions are perspectives specific to a business that could be used for analysis purposes. As an example, for a sales database, the dimensions could include Product, Time, Store, etc. Obviously these dimensions differ from one business to another and hence for each DW initiative those dimensions should be correctly identified and that could be very well done by a person who has experience in the DW domain and understands the business as well, making it apparent that DW BA is the person responsible.

Each of the identified dimensions would be turned in to a dimension table at the implementation phase, and the objective of the above explained ETL process is to fill up these dimension tables, which in turn will be taken to the level of the DW after performing some more database activities based on a strong underlying data model. Implementation details are not important for a business stakeholder but being aware of high level process to this level is important so that they are also on the same pitch as that of the developers and can confirm that developers are actually doing what they are supposed to do and would ultimately deliver what they are supposed to deliver.

Security is also vital in this regard, since this entire effort deals with highly sensitive information and identification of access right to specific people to specific information should be correctly identified and captured at the requirements analysis stage.

Advantages

There are so many advantages of BI system. More presentation of analytics directly to the customer or supply chain partner will be possible. Customer scores, customer campaigns and new product bundles can all be produced from analytic structures resulting in high customer retention and creation of unique products. More collaboration within information can be achieved from effective BI. Rather than middle managers getting great reports and making their own areas look good, information will be conveyed into other functions and rapidly shared to create collaborative decisions increasing the efficiency and accuracy. The return on human capital will be greatly increased.

Managers at all levels will save their time on data analysis, and hence saving money for the enterprise, as the time of managers is equal to money in a financial perspective. Since powerful BI would enable monitoring internal processes of the enterprises more closely and allow making them more efficient, the overall success of the organization would automatically grow. All these would help to derive a high ROI on BI together with a strong DW. It is a common experience to notice very high ROI figures on such implementations, and it is also important to note that there are many non-measurable gains whilst we consider most of the measurable gains for the ROI calculation. However, at a stage where it is intended to take the management buy-in for the BI initiative, it's important to convert all the non measurable gains in to monitory values as much as possible, for example, saving of managers time can be converted in to a monitory value using his compensation.

The author has knowledge in both Business and IT. Started career as a Software Engineer and moved to work in the business analysis area of a premier US based software company.

Source: http://ezinearticles.com/?Business-Intelligence-and-Data-Warehousing-in-a-Business-Perspective&id=35640

Web Scraping Best Practices

Web Scraping Best Practices

Extracting data from the World Wide Web has several challenges as more webmasters are working day and night to lower cases of scraping and crawling of their data in order to survive in the competitive world. There are various other problems you may face when web scraping and most of them can be avoided by adapting and implementing certain web scraping best practices as discussed in this article.

Have knowledge of the scraping tools

Acquiring adequate knowledge of hurdles that may be encountered during web scraping, you will be able to have a smooth web scraping experience and be on the safe side of the law. Conduct a thorough research on the types of tools you will use for scraping and crawling. Firsthand knowledge on these tools will help you find the data you need without being blocked.

Proper proxy software that acts as the middle party works well when you know how to work around HTTP and HTML protocols. Use tools that can change crawling patterns, URLs and data retrieved even when you are crawling on one domain. This will help you abide to the rules and regulations that come with web scraping activities and escaping any legal issues.
Conduct your scraping activities during off-peak hours

You may opt to extract data during times that less people have access for instance over the weekends, during late night hours, public holidays among others. Visiting a website on several instances to retrieve the same type of data is a waste of bandwidth. It is always advisable to download the entire site content to your computer and thereafter you can access it whenever need arises.
Hide your scrapping activities

There is a thin line between ethical and unethical crawling hence you should completely evade being on the top user list of a particular website. Cover up your track as best as you can by making use of proxy IPs to avoid any legal problems. You may also use multiple IP addresses or VPN services to conceal your scrapping activities and lower chances of landing on a website’s blacklist.

Website owners today are very protective of their data and any other information existing under their unique url. Be keen when going through the terms and conditions indicated by websites as they may consider crawling as an infringement of their privacy. Simple etiquette goes a long way. Your web scraping efforts will be fruitful if the site owner supports the idea of sharing data.
Keep record of your activities

Web scraping involves large amount of data.Due to this you may not always remember each and every piece of information you have acquired, gathering statistics will help you monitor your activities.
Load data in phases

Web scraping demands a lot of patience from you when using the crawlers to get needed information. Take the process in a slow manner by loading data one piece at a time. Several parallel request to the same domain can crush the entire site or retrace the scrapping attempts back to your local machine.

Loading data small bits will save you the hustle of scrapping afresh in case that your activity has been interrupted because you will have already stored part of the data required. You can reduce the loading data on an individual domain through various techniques such as caching pages that you have scrapped to escape redundancy occurrences. Use auto throttling mechanisms to increase the amount of traffic to the website and pause for breaks between requests to prevent getting banned.
Conclusion

Through these few mentioned web scraping best practices you will be able to work around website and gather the data required as per clients’ request without major hurdles along the way. The ultimate goal of every web scraper is to be able to access vital information and at the same time remain on the good side of the law.

Source: http://nocodewebscraping.com/web-scraping-best-practices/

What's difference between web scraping and data mining?

What's difference between web scraping and data mining?

Data mining: automatically searching large stores of data for patterns. How you get the data is irrelevant, only how you analyze it. Data mining involves the use of complex statistical algorithms.

Screen/web scraping is a method for extracting textual characters from screens so that they could be analyzed. Commonly, it is used to extract characters from websites (web scraping), though not exclusively. This method for gathering data is direct, either through looking at websites' html code or visual abstraction techniques.

Web scraping could be a source for data mining but it doesn't have to be because your data may not come from the web.

Data Mining can take any source of data and if that process requires data available from the public web then web scraping could be one of the methods to get such data.
You can also perform web scraping. without mining it later.

The reality is that a lot of data today IS on the web and a lot of data mining does use web related data.

Web scraping is getting data from web. Data mining is getting knowledge from data.

Source: https://www.quora.com/Whats-difference-between-web-scraping-and-data-mining

Best Alternative For Linkedin Data Scraping

Best Alternative For Linkedin Data Scraping

When I started my career in sales, one of the things that my VP of sales told me is that ” In sales, assumptions are the mother of all f**k ups “. I know the F word sounds a bit inappropriate, but that is the exact word he used. He was trying to convey the simple point that every prospect is different, so don’t guess, use data to come up with decisions.

I joined Datahut and we are working on a product that helps sales people. I thought I should discuss it with you guys and take your feedback.

Let me tell you how the idea evolved itself. At Datahut, we get to hear a lot of problems customers want to solve. Almost 30 percent of all the inbound leads ask us to help them with lead generation.

Most of them simply ask, “Can you scrape Linkedin for me”?

Every time, we politely refused.

But not anymore, we figured out a way to solve their problem without scraping Linkedin.

This should raise some questions in your mind.

1) What problem is he trying to solve?– Most of the time their sales team does not have the accurate data about the prospects. This leads to a total chaos. It will end up in a waste of both time and money by selling the leads that are not sales qualified.

2) Why do they need data specifically from Linkedin? – LinkedIn is the world’s largest business network. In his view, there is no better place to find leads for his business than Linkedin. It is right in a way.

3) Ok, then what is wrong in scraping Linkedin? – Scraping Linkedin is against its terms and it can lead to legal issues. Linkedin has an excellent anti-scraping mechanism which can make the scraping costly.

4) How severe is the problem? – The problem has a direct impact on the revenues as the productivity of the sales team is too low. Without enough sales, the company is a joke.

5) Is there a better way? – Of course yes. The people with profiles in LinkedIn are in other sites too. eg. Google plus, CrunchBase etc. If we can mine and correlate the data, we can generate leads with rich information. It will have better quality than scraping LinkedIn.

6) What to do when the machine intelligence fails? – We have to use human intelligence. Period!

Datahut is working on a platform that can help you get leads that match your ideal buyer persona. It will be a complete Business intelligence platform powered by machine and human intelligence for an efficient lead research & discovery.We named it Leadintel. We’ve also established some partnerships that help to enrich the data and saves the trouble of lawsuits.

We are opening our platform for beta users. You can request an invitation using the contact form. What do you think about this? What are your suggestions?

Thanks for reading this blog post. Datahut offers affordable data extraction services (DaaS) . If you need help with your web scraping projects let us know and we will be glad to help.

Source:http://blog.datahut.co/best-alternative-for-linkedin-data-scraping/