Web Data Mining
Web data mining can be defined as a process of crawling through a number of web resources that include websites, databases and various documents to search and collect the right information. The information has wide applications in promoting business and also understanding the dynamics of marketing. There is a notable growing demand among organizations, companies and even individuals for need of gathering lots of data and utilizing them for their own interest.
Web data mining is performed by various data management companies that a trained manpower that is well trained in data conversion, data analysis and extraction. For instance if a company is after information that is regarding doctors, the information can be obtained by web data mining service. The information may include their fax, emails, location, telephone numbers and any others. The information that is harvested using this technique is used by companies in making decisions and has enabled them to make huge revenues by integrating business intelligence to their daily business operations.
Before the use of web data mining technique came into existence a number of businesses used to collect information manually. Since the bulk of the information is so much and looks like daunting it is a good idea to outsource the process to data management service companies. This process is time consuming and not cost effective as it requires manual examination of records by people. Nowadays the use of computer based web data mining is gaining popularity as it is cost effective and time efficient.
The information harvested by web data mining is usually used in gaining deep knowledge and can be used in making predictions. Predictive analysis is necessary for any business as it determines the future of a business. This process is not only focused in acquiring business information but also has wide applications in various business departments and also in making day to day decisions. For instance, a strategic analysis department may use web data mining service to determine the right offers they can email their customers so as to increase the sales volume. If a company is thinking about launching new products and what to determine the likely demand of those products, it is possible by using this technique. They can use this technique to determine the regular customers who have placed orders. By determining this, the company has the liberty to send offers to customers whom they feel have the potential of making sales.
Web data mining enables companies to have day to day record of fraudulent payments that are likely to be made. Through this technique it is possible to develop protective and advanced methods and thereby preventing the occurrence of such events. Since web data mining can used to predict on your inventories as well it puts your company at the right track of preventing fraudulent payments.
Web data mining is an amazing technology that is undergoing huge evolution and there is use of better techniques that are available in gathering the information which is required by business. This technology is opening avenues for wealth creation through the internet and by businesses.
Web data mining is performed by various data management companies that a trained manpower that is well trained in data conversion, data analysis and extraction. For instance if a company is after information that is regarding doctors, the information can be obtained by web data mining service. The information may include their fax, emails, location, telephone numbers and any others. The information that is harvested using this technique is used by companies in making decisions and has enabled them to make huge revenues by integrating business intelligence to their daily business operations.
Before the use of web data mining technique came into existence a number of businesses used to collect information manually. Since the bulk of the information is so much and looks like daunting it is a good idea to outsource the process to data management service companies. This process is time consuming and not cost effective as it requires manual examination of records by people. Nowadays the use of computer based web data mining is gaining popularity as it is cost effective and time efficient.
The information harvested by web data mining is usually used in gaining deep knowledge and can be used in making predictions. Predictive analysis is necessary for any business as it determines the future of a business. This process is not only focused in acquiring business information but also has wide applications in various business departments and also in making day to day decisions. For instance, a strategic analysis department may use web data mining service to determine the right offers they can email their customers so as to increase the sales volume. If a company is thinking about launching new products and what to determine the likely demand of those products, it is possible by using this technique. They can use this technique to determine the regular customers who have placed orders. By determining this, the company has the liberty to send offers to customers whom they feel have the potential of making sales.
Web data mining enables companies to have day to day record of fraudulent payments that are likely to be made. Through this technique it is possible to develop protective and advanced methods and thereby preventing the occurrence of such events. Since web data mining can used to predict on your inventories as well it puts your company at the right track of preventing fraudulent payments.
Web data mining is an amazing technology that is undergoing huge evolution and there is use of better techniques that are available in gathering the information which is required by business. This technology is opening avenues for wealth creation through the internet and by businesses.