What Is Web Scraping? Web scraping is the process of extracting and storing data into your local machine. You can extract any amount of data from a website and store it in your system at ease. You can export them as a CSV file which gives you the flexibility to transpose and drill down the data the way you want.
List of Applications Where Web Scraping Plays a Massive Role 1. Retail and Manufacturing 2. Financial Research 3. Data Science 4. Marketing and Sales 5. Academic 6. Journalism 7. Data the Differentiator Also Read: https://hirinfotech.com/web-scraping-solutions/
1. Retail and Manufacturing A. Price Monitoring Pricing plays a key role in selling your product. You need to be aware of how much your competitor charges for their product. Even a small difference in the price can cause you to miss a lot of customers. Therefore you must keep track of your competitor’s pricing. Here is an example: Let’s say you are selling a particular brand of jeans. You analyse your profits, check competitor sites and then set the price of it as $100. A few days later, you notice that your competitors have reduced the price of the same jeans to $95. For you to sell consistently, you will have to re-price the product. How do you know when your competitors are revising their prices? Tracking the pricing manually can be a tedious and excruciating task. With prices changing often, it is a lot of work to manually check for updates. This is where you need to take the help of web scraping. With web scraping, the prices can be automatically extracted from your competitors’ websites. This allows you to deploy new strategies to sell your product.
B. Monitoring Minimum Advertised Price (Map) Compliance Minimum Advertised Price (MAP) is a de facto method for manufacturers to check their retail partners. With thousands of resellers in the market, the price changes every day. These manufacturers can only keep an eye on the small number of retailers. But every
