Many industries around the global market enjoy the potentials and possibilities that data scraping has to offer. Before listing industries that must use web scraping, let’s review it and see why it is becoming more powerful.
Data on the web increases every second, and accordingly need for information becomes more significant. One thing is to have access to the data, and second, to have it structured suitably to your needs.
Many industries strive to collect as much information as possible, but many fail to admit more data doesn’t always mean more knowledge.
To extract the correct information from enormous data sets isn’t an easy task unless you have the right team and software tools available.
A couple of years ago, the trend was to have the right tools or browser extensions that could help scrape information for small sets but still enough for startups or mid-ranged companies trying to allocate a couple of leads to new business ventures.
We all kind of got used to searching in google and reading the first couple of results on the first page, but now we realize that we just read content that has better SEO and not valuable insights.
Today, everything is changing. Industries are starting to understand what is web scraping, and many big corporations are looking for large-scale solutions.
Industrial Strive for Web Scraping
Every industry has its signature of needs. For example, look at any eCommerce business. It is immediately apparent that any eCommerce business should automatically extract all the trending products associated with the proper niche.
Every company can regularly monitor competitors, see what they are doing or what keywords they use, what times they sell best, and how to overcome challenges.
The same goes for many other industries, and we will get to it shortly, but let’s take a minute to think about this. Doesn’t every industry have cross-requirement for basic needs like hosting, having a domain, or only business emails?
This is why they need website scraping because this is precisely what it can provide!
Industrial strive for web scraping has significantly grown within the past couple of years, and many companies are trying to develop new methods of extracting and using data more effectively.
Top 5 Industries That Must Use Web Scraping
- Social Media
- Real Estate & Leasing
- Finance & Insurance
- Auto & Car Parts Dealers
The list will grow even more if we dive into details, but that will give you an idea I am trying to propose regarding data needs.
It would probably be wrong if I said that you could see what all industries have in common at first glance.
But I believe that all successful businesses share some goals and objectives based on similar basic needs, some of which can be done using web scraping: Market analysis, price comparison, competitor monitoring, sales strategies, leads generation.
Everything is possible if you have the correct data strategy. And this is precisely the basis of the list we offer. Many small and medium-sized businesses have succeeded using data-driven technologies.
Data Strategies for Every Business
It is a well-known fact that companies with the most advanced data strategies have developed and gradually transformed themselves into a business that holds a new, durable position.
Throughout the history of tech and business relations, there have been many attempts to create highly centralized, control-oriented approaches to data and information architectures.
Widely known as information engineering or, as we call it now, master data management, it is often not well suited to supporting a broad data strategy.
Even though they are needed to standardize enterprise data, they can restrain some beneficial traits such as flexibility, customization of data quickly, or transforming it into strategically applied information.
The key to the innovation of web scraping is a flexible data source and information architecture that permit multiple data strategy versions.
Technologies and Innovations
Industries that must use web scraping expands with the new-age technologies that may equip the next generation with innovative data-management capabilities. This might simplify the implementation of defensive and offensive strategies.
For example, let’s take machine learning, making it much simpler to create new ways of interpreting the data.
We should create data strategies for every business, and the new technology will help the world make a more practical, well-run data-management function.
Data was only crucial for a few very technical and particular, also relatively mundane tasks in the past. For example, data was used in the back-office processes, such as payroll and accounting.
Nowadays, it is fundamental to any business, and the importance of strategic data management is growing every day. Just like procurement data scraping which significantly improved country-wise business operations.
Internet Data Size
According to the technology conglomerate Cisco, in September 2016, global annual internet traffic surpassed one zettabyte (1021 bytes).
It is as much as 150 million years of high-definition video. It took us 40 years to get to this point, but it is predicted that data traffic will double in the next four years.
At this point, no one can avoid this process. Companies that have not yet built a data strategy and a vital data-management function need to quickly catch up or make peace with the fact that they will have to exit.
There are data strategies for every industry, but the best of them is defining key objectives and managing a stable data inflow position.
These two strategies might be done either by doing manual research or scraping with software. After that, you should adjust general needs to industrial methods and customize them to your business’ systematic requirements.
Can Business Exist Without Data Scraping?
We have already discussed the basic needs of scraping and strategies applied to different industries, but some might still question: can a business exist without data scraping?
And indeed, some businesses can exist without it. For example, a local grocery store that is only concentrated in a local neighborhood.
Or maybe some well-established online business that has been on the market for over a decade and has earned a reputation for itself. But the question is, how long will it take until some new business venture takes over well-established corporations?
This can quickly happen just by startups because they are keener on trying new methodologies of developing technologically advanced models.
When it comes to technologies, it can be easier to re-start than to re-build, and that is precisely why top players on the market have started changing positions more and more frequently.
Web scraping is not in a grey legal area anymore. Big corporations have realized its importance and are spending a fortune on well-designed, faultless software that will gather and crunch all their numbers.
There is no such thing as too big to fail anymore, and many worldwide entrepreneurs have proven so. So if you are wondering: Can business exist without data scraping? The answer is most likely yes, but not for a long time.
The only way to stay ahead of the competition and improve your processes is by analyzing data. You can contact a data scraping company or consult with one, plan every step you make, and be ahead of your competitors in no time.
No matter where you are on the economic spectrum, it’s essential for you to research what other companies are doing if that helps improve your business practices even more than they already might be.
Don’t get complacent – continue exploring new ways to grow!