What is Data Extraction?
Posted On Friday, April 17, 2009 at at 9:56 PM by web researchData Extraction can be defined as the process of retrieving Data from an unstructured source in order to further process it or store it. Data Extraction is extremely useful for large organizations who deal with huge amounts of data, on a daily basis, that need to be processed into meaningful information and stored for later use. In the highly competitive business world, vital statistics such as customer information, competitor’s operational figures and inter-company sales figures play an important role in the making of strategic decisions. By signing on to Data extraction Services provided by an external vendor, you will be able to have access to data from different sources like websites, databases, images and documents at your fingertips.What are the uses of Data Extraction?
Outsourcing companies provide Data Cleansing Services Extraction Services custom made to the client’s requirements. A few of the areas where Data Extraction and mining can be used are
to generate better sales leadsto track, extract and harvest product pricing data
to duplicate an online databaseto capture financial data
to acquire real estate datato search for specific job postings
to process auction informationto conduct market research , survey and analysis
to search online newspapers for latest pricing informationto extract and summarize news stories from online news sources
to conduct product research and analysisWhat are the different types of Data Extraction Services?
Since Data Extraction involves the processing of data critical to your organization, any professional Data Extraction Service should be able to extract data from multiple sources and store them in a variety of media formats such as CDs / DVDs, PDF documents, XML etc. The two main sources from which data is extracted are- Database Extraction: Updated data from multiple databases such as statistics about competitor’s products, pricing and latest offers and customer opinion and reviews can be extracted and stored as per client’s instructions. Extra care is taken to ensure that all data extracted is relevant, up to date and not duplicated.
- Web Data Extraction: As the Internet is regarded as the largest resource thesaurus in the world unlimited information such as URLs, titles, field texts from database, e-mail addresses, consumer and market data, online news, meta-data information, numerals, dates, as well as different kinds of pictures and document files can be extracted and processed to suit the client’s specific requirements.
What is the advantage of outsourcing Data Extraction Services to India?
Businesses have now realized the huge benefits they reap by outsourcing their Data Extraction Services. Since all projects are custom based to suit the exact needs of the customer, huge savings in terms of time, money and infrastructure are among the many advantages that outsourcing brings. The signing of Non-Disclosure Agreements and Service Level Agreements ensure that all Data Extraction projects are secure and will be completed well before the given deadlines. A few other advantages are
Ø Skilled and qualified technical staff who are proficient in EnglishØ Quick turn around time
Ø Cost-efficient pricesØ Well developed infrastructure and redundant systems that offer uninterrupted services
Ø Secure Network systems to ensure data safetyØ Usage of OCR(Optical Character Recognition) Services , Screen Scrapping or manual extraction of data
Outsourcing of Data Extraction Services not only saves an organization thousands of dollars and man hours but it also enables businesses to get know their customers and thereby develop an edge over their competitors. The numerous advantages have made India the number one destination for Outsourcing of Data Extraction Services.Outsource2india provides Outsourcing Services and Solutions, Data Entry Services, data processing services, data management, Business and Knowledge Process Outsourcing, Call Center Services, Healthcare Services, Engineering Services, Software Services, Digital Image Editing Services, Research & Analysis Services, Creative Services, Web Analytics Services, etc.
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