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Sources of data collection for business applications

The applications of data collection using automated technologies such as web scraping is on the rise. We've compiled a list of sources from where you can collect reliable data for your business.

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Sources of data collection for business applications

  1. 1. SOURCES OF DATA COLLECTION FOR BUSINESS APPLICATIONS
  2. 2. There is a goldmine of web data freely available to crawl.
  3. 3. Businesses need to be pointing in the right direction while identifying the correct sources of data collection for their particular use case.
  4. 4. Before we see the best web data sources for various business applications, let’s take a look at few things that one should keep in mind while selection the sources
  5. 5. #1 Stay away from sites that block bots Certain websites use aggressive bot blocking technologies despite legally allowing web crawling via their robots.txt rules. Such sites aren’t great data sources since their blocking activities might give you incomplete, skewed or no data at all. STOP
  6. 6. #2 Watch out for broken links Broken links are a clear sign of a poorly maintained website. Broken links can cause issues while the web crawlers try to navigate the site to reach different pages to fetch the data.
  7. 7. #3 User experience and site design Websites with a cluttered and complex user interface often have low quality, unreliable information available on them. If you have to use a website with poor user experience as your source of data, it’s better to ensure the reliability of the information manually before proceeding.
  8. 8. #4 Frequently updated sites Fresh data is critical for time-sensitive applications of web data such as pricing intelligence, brand monitoring and news feed aggregation. For most cases, you should ideally look for frequently updated websites.
  9. 9. Now, let’s look at some of the sources of data collection for different business application
  10. 10. Brand monitoring using web crawling helps you discover negative opinions voiced by consumers so as to fix the overlooked issues within your offering. #1 Brand monitoring
  11. 11. Ideal sources of data collection for brand monitoring are: • Public forums • Niche blogs • Reviews section on e-commerce/travel sites • Social media platforms #1 Brand monitoring
  12. 12. #2 Sentiment analysis Here are the popular sources used by companies for sentiment analysis: • Social sites like Twitter, Reddit, YouTube and – Instagram • Sites where reviews are posted • News websites • Other niche social media sites
  13. 13. #3 Market research Market research is crucial for gauging the market size, demand and competition among other important aspects of the market. With web scraping, the process of market research can be easily automated and accelerated.
  14. 14. #3 Market research Some of the notable sources for collecting data for market research are: -Government websites -Statistics websites -Competitors’ websites
  15. 15. #4 News feed aggregation News and media sites need ready access to the breaking news and trending information from the web.
  16. 16. #4 News feed aggregation For news feeds aggregation, the best sources are: • News websites • Feed aggregator websites • Social media sites • Blogs
  17. 17. #5 Job feed aggregation Job boards, HR consultancies and recruitment analytics firms can make good use of job posting data. Since job listings reflect the current trends in the labor market such as skills in demand, trending job titles and the industries that are hiring, companies in this industry can derive crucial insights from this data.
  18. 18. #5 Job feed aggregation Best sources for job data aggregation are: • Job boards • Career pages of company websites • Classified websites
  19. 19. #6 Pricing intelligence Competitive pricing is one of the defining traits of e- commerce, hotel and flight booking businesses today. The price sensitivity of today’s customer has also lead to the mushrooming of price comparison websites.
  20. 20. #6 Pricing intelligence Companies looking to gather pricing data can extract it via web scraping from the following sources: • Ecommerce portals • Travel portals • Price comparison websites
  21. 21. Bonus tip: DataStock You can instantly access comprehensive, clean and ready-to-use pre-crawled web datasets from wide range of industries spanning across the geographies using DataStock. Sign up for FREE Click here to avail special discount if you are a student or a teacher.
  22. 22. #7 Catalog building Travel portals with huge inventory find it difficult to manage their catalogs. Keeping the product pages up to date would require relevant data extracted from sources where the hotel room data is present.
  23. 23. #7 Catalog building The ideal sources for catalog building are: • Other travel portals • Hotel websites
  24. 24. #8 Application for financial market Companies or individuals that are closely associated with the financial industry would require near-real time data from sites that host financial data. The data is time-sensitive in this case and would require a live web crawling solution to fetch it with ultra low latency.
  25. 25. #8 Application for financial market Sources of data include: • Stock market websites • Websites of major financial institutions • News and media sites
  26. 26. The applications of data collection using automated technologies such as web scraping is on the rise.
  27. 27. However, selecting the right kind of source websites is a crucial step to ensure proper results from your data aggregation project.
  28. 28. Since the quality and relevance of data present on different websites vary a lot, one has to be extremely selective while adding a site to the source list.
  29. 29. Reliable and relevant sources of data collection can greatly enhance the ROI from web scraping.
  30. 30. Are you looking for reliable service to extract data from the web for your business? Reach out to us at sales@promptcloud.com to discuss your requirements. www.promptcloud.com

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