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Boosting Business Intelligence with Managed Data Extraction

Did you know that Lotte, a South Korean conglomerate increased their sales up to $10 million thanks to Business Intelligence?

Business Intelligence with Managed Data Extraction

Business Intelligence is the process of collecting, analyzing, and presenting raw data that is transformed into meaningful insights. It involves methodologies that ultimately aid the business in making strategic and actionable data-driven decisions.

For a clearer understanding of Business Intelligence, you can divide it into two parts. First, it includes the strategies, techniques, and tools for collecting data. The next part is the reporting and insights from the data itself. Now these insights are significant for the business to make a variety of informed decisions. 

A comprehensive BI software system is designed to facilitate and streamline the BI process, encompassing data storage, processing, analysis, reporting, and data visualization, including the creation of dashboards.

Here is a Real-World Case Scenario: 

There is a leading corporation called Lotte in South Korea which consists of over 90 business units as of today. 

They faced the problem that customers would abandon their carts despite having a million visitors on their websites each day. 

Now as a solution, the general manager set up South Korea’s first online customer experience analytics system. With it, they could analyze the behavior, implement targeted marketing campaigns, and even update their website as needed. 

The outcome from the insights of this Business Intelligence system resulted in an increase in Customer Loyalty as well as $10 million in Sales. 

From this, you can certainly reckon how powerful Business Intelligence actually is. 

As the company’s cornerstone for transitioning from daily operations to making critical decisions, data plays a pivotal role. Exquisite data accuracy, however, is not a walk in the park. 

Therefore, from this blog, you can understand how legitimate data extraction service providers, like Grepsr, can enhance your business intelligence. 

Importance of Big Data in Business Intelligence

Let’s learn a few reasons why BI is vital to drive business success. 

Together, Big data and business intelligence can lead a company to gain a competitive advantage in their industry. They can unlock valuable insights from the competitor’s performance and customer behavior to make better-informed decisions. 

  • Data scientists and analysts leverage business intelligence (BI) along with powerful analytics tools to identify improvement opportunities and make strategic recommendations for company leadership.
  • By combining financial data with operations, marketing, and sales data, leaders can gain findings from which they can derive moves as well as recognize factors that influence profit and loss.
  • For marketing, BI can enable real-time campaign tracking, measure the performance of each effort, and plan KPIs for the next projects.
  • Big Data in BI can help manufacturing organizations enhance processes for production and increase assurance of quality while lowering costs.
  • Given its possession of global data, BI can perform faster analysis, reporting, and planning. 
  • Reports are highly customizable, and KPIs can be trackable using several data sources. Real-time generated dashboards provide pertinent data. 
  • This form of data visualization enables corporations and their employees to interpret data from metrics which is more clear-sighted. 

Thus, these reports offer information, accessibility, accuracy, and relevancy that help in making better decisions.

Challenges

However, it is quite challenging to extract data manually as the amount of data that is generated is skyrocketing each day.

Even a German market research firm Statista estimates the volume of data created worldwide by 2024 to reach 149 zettabytes.

Furthermore, it is a known fact that having false and inaccurate data is worse than having no data. There are higher chances of dealing with errors and getting botched results from analysis when you have false data. 

Now, here comes the role of external data providers to whom you can state your data requirements. Afterward, they enable you to gain insights from those hundreds of data sources that are relevant to your business industry.

Big-Data-In-BI
Representing the use cases of Big Data in Business Intelligence.

Managed Data Extraction Services for Business Intelligence

As we already stated, Big Data contains large volumes of diverse datasets that are utilized in business intelligence in many different ways. 

With the help of it, you can understand the market trend, and customer sentiments and improve customer service with a more personalized experience. 

Also, it is essential for the product development process, targeted marketing efforts, competitor analysis, and improved efficiency of business operations. 

Features

Web Scraping is the process of automating data extraction from a certain website. A web scraping service extracts specific data from a variety of sources by writing scripts, or using specialized software to navigate web pages. Then, it is provided to the client in a structured format such as XLs, CSV, or JSON. 

Now you may wonder, if it is that simple to get access to quality data by just writing scripts of codes or using a tool in-house then why would you need to outsource the process? 

The main reason is that with automated tools, dealing with the IP Blocks, CAPTCHA, and Dynamic contents is challenging. Since it is a tool, it will read and extract even the unnecessary variables on the web page which will be an inefficient and redundant task. 

Similarly, manual extraction and hand-coding to build a crawler elevate the possibility of errors. Furthermore, the necessity of entering, amending, and re-entering massive volumes of data wreaks havoc on data integrity.

Therefore, structured datasets provided by the service companies are validated in quality to get through the process of analysis. With this, business executives are able to make informed decisions that are backed by data. 

Being backed by data means that the decision you came up with is not just guesswork but is based on research, evidence, statistics, and reports from data analysis that assure its credibility. 

For business intelligence, a managed data extraction service provider like Grepsr can be handy as it is recognized for its best feature which is the quality-assured, reliable data acquisition perfected at scale. 

Data to make or break your business
Get high-priority web data for your business, when you want it.

How Managed Data Extraction Services Enhance Business Intelligence 

Building on from our earlier point, employing a credible web data extraction service like Grepsr, will help you enjoy the following privileges to enhance your Business intelligence:

A. Improved Data Quality

As highlighted before, we are known for our exceptional quality of data. 

You can now clearly understand that Business intelligence (BI) is a technology-driven process for evaluating data and offering actionable insights that assist leaders, managers, and employees in making informed decisions for their business. 

Data quality is important for analyzing, querying, and creating visualizations like BI dashboards.

As a trusted web scraping partner, we thoroughly test the millions of data records with the proficiency of our Quality Assurance team. Partner with Grepsr so you can elevate your operational decision-making and strategic planning. 

B. Timely Data Acquisition

In the ever-evolving realm of technology, we have emphasized much on the importance of data. Suppose you’re particularly a customer-oriented B2C business, such as online retail for electric devices. In that case, you need real-time, reliable, and frequent data to keep up with the market trends and customer sentiments. 

Similar to the case of Lotte, you must be efficient in building interpersonal relationships by updating your business intelligence system. For that, you need timely data from a trusted data partner, for new information regarding the preferences of customers. 

This will undoubtedly fuel the growth of your business. Only if you are able to understand your target audience, you can successfully lead in your specific industry. 

C. Cost-Effective Data Collection

Every business’s ultimate goal is to induce profitable growth with the lowest cost possible. As a business that needs data at scale, you can benefit greatly from an external data partner, rather than hiring an employee for data acquisition. 

After collecting data, businesses need to analyze, visualize, and use the insights to make informed decisions. 

Hiring data scientists for both data collection and analysis couldn’t be worse than having no data.

The reason is that it is neither cost-effective nor time-efficient. As we already discussed above, web scraping by a single person even by running scrips or using tools in-house causes issues due to anti-bot mechanisms. 

Therefore, joining forces with a data extraction service is proven to be way more cost-effective and hassle-free for you to enhance your BI system. We can meet your specific requirements with lightning-fast delivery.

D. Scalability and Flexibility

Data is required in a huge volume for proper analysis. However, that volume of data is not easy to obtain by in-house efforts. 

Grepsr is capable of handling even the increasing data loads without harming the performance and quality of your data requirements. 

In addition, we can also adapt to the changing needs of our clients for each process, and provide them their specific dataset. 

For instance, a loyal client of ours had been asking for data for Dell laptops and their prices from all the retailers on the platform Amazon. They suddenly changed their data requirement to include the product model and its sub-category along with its price. Experienced web scraping service providers can integrate data seamlessly to develop your Business Intelligence, despite the challenge. 

Thus, scalability and flexibility are the factors that make outsourcing the best option. 

Enhancing BI with Data Extraction
Data extraction services can optimize your BI system for better insights and decision-making.

End Note

In summary, Business Intelligence (BI) is the cornerstone of informed decision-making in today’s data-driven world. 

Successful businesses stand out by effectively collecting, analyzing, and deriving valuable insights from large data sets.

With Grepsr, you can harness the power of quality data at scale to enhance your Business Intelligence and secure your competitive edge. The benefits are clear:

  • Improved Data Quality: Elevate your decision-making with thoroughly validated data.
  • Timely Data Acquisition: Stay ahead in your industry with real-time and reliable data.
  • Cost-Effective Data Collection: Achieve profitable growth while minimizing costs.
  • Scalability and Flexibility: Adapt to changing data requirements seamlessly.

Don’t let data challenges hold your business back. With Grepsr, supercharge your BI efforts and stay at the forefront of your industry today.

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Tell us what you need. Let us ease your data sourcing pains!
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So you’ve set up your online shop with your vendors’ data obtained via Grepsr’s extension, and you’re receiving their inventory listings as a CSV file regularly. Now you need to periodically monitor the data for changes on the vendors’ side — new additions, removals, price changes, etc. While your website automatically updates all this information when you […]

Kick-Start Your E-commerce Venture with Grepsr

400+ million entrepreneurs worldwide are attempting to start 300+ million companies, according to the Global Entrepreneurship Monitor. Approximately a hundred million new businesses start every year around the world, while a similar number also fold. What sets successful firms apart are the innovations and resources they utilize that help them stay healthy and relevant. Grepsr […]

How to Use Grepsr Browser Tool to Scrape the Web for Free

A beginner’s guide to your favorite DIY web scraping tool Just over a year ago, we introduced the all new Grepsr along with a beta launch of Chrome extension to fill the gap that Kimono Labs, a widely popular scraping tool, left since it’s closure. Now after a year of iteration on both the UI and UX along with shipping […]

Our Kimono Labs Replacement (Grepsr for Chrome) Levels Up

We’ve recently made a number of improvements to make Grepsr for Chrome that little bit easier, and more handy to use. We’ve also received tons of feature requests (keep ’em coming!), so we thought we’d share couple of our favorites that have most recently made it into Grepsr for Chrome. Infinite Scrolling and Enhanced Pagination Support From […]

Welcome To The (New) Grepsr Blog

Hello, Grepsr friends and family, and welcome to the next chapter of Grepsr Blog! It may not look much different yet, but we’re ramping up our editorial operation. Over the next few months you’ll see more posts, more announcements and analysis, more writing, and even new forms of content here. We’re still hammering out all the […]

Introducing the All New Grepsr

Chrome Extension, APIs, Better Support & Much More

Importance of Web Scraping in the Age of Big Data

Big Data has become an internet buzz lately. Not a day goes by without a mention of Big Data in many articles published by media or tech companies around the world.

FIVE Essential Questions for Assessing your Big Data Deployment Readiness

Big Data isn’t just a big buzzword. Nor is it merely a business ritual. Ask yourself these 5 essential questions to know if you business is ready for data-driven transformation in the Big Data era

Five Major Impacts of Location Data on Marketing

It’s not merely a coincidence that today almost all of the major business enterprises run online store locator services to their customers. They want their stores and services to be easily found and accessed. Moreover, they are extensively using location data to pursue their customers where they are and to persuade them to buy their […]

Data Extraction for BI: Picking the Right Services is Crucial

Finding the appropriate data warehousing and Business Intelligence (BI) platforms that can understand and address your business concerns, priorities, and needs is a daunting task. Specifically, the ones that can have cohesive approaches in generating and deploying your data

Seven Key Areas Where Big Data has Brought Big Transformations

As the volume, variety, and velocity of Big Data increases, so does its value and application. Today, there is a widespread use of Big Data, and the whole fabric of life has become increasingly data driven. Here is a brief review of 7 major areas which have gone through massive transformations driven by data: Business Business enterprises […]

Data Mining for Developing Business Intelligence

The growing use of digital technologies in every sphere of life has resulted in the rapid escalation of digital data. While digitization of the facilities of everyday use has given rise to datafication, the process of datafication has produced a byproduct known as big data, which is regarded as a new oil of the digital […]

How Grepsr Works: A Brief Introduction

Web crawling and data extraction services at Grepsr are simple, quick, hassle free and intuitive. We focus on providing top–quality services to our customers in the highly competitive rates. Our strong base–with cutting-edge technologies and advanced infrastructure–in Kathmandu and our maturing technical expertise in the area have helped us to compete with the top tire […]

11 Interesting Quotes about Data

These days, almost everybody—be it a casual technophile or a trailblazing technocrat—has something to say about the usefulness of data. Apparently, there is no area of human interest where you cannot achieve agility, efficiency, and better outcome by deploying data science. Business, astronomy, neuroscience and you name it. Data had never been generated with such […]

Data Analytics for Better Business Intelligence

Advanced information technology has brought a massive paradigm shift in every aspect of human life We spend more and more of our working hours on the digital screens, either generating or aggregating digital data. Internet, what would have seemed something unimaginable only a few decades ago, has become an essential part of our daily businesses. […]

Big Data & the Power of Personalization

According to Wikipedia, Big data is a field that treats ways to analyze, systematically extract information from, or otherwise deal with data sets that are too large or complex to be dealt with by traditional data-processing application software. “Doing business without advertising is like winking at a girl in the dark. You know what you are doing, but nobody else […]

Big Data is Redefining News & Journalism

If digital data were something physical, it would have massively altered the shape of our world, probably, with new data mountains rising every hour. Whether you browse the web or flip pages of print media, you are sure to stumble upon some news about big data, all the while feeding the web with your digital […]

Location Analytics: ‘Where’ is the Knowledge of Data

Digital Technology and Rediscovery of Geography A substantial amount of data that Grepsr processes and provides to its business partners worldwide contains location-specific information. According to IDC, an American data research firm, 80% of data collected by organizations has location element, and according to ABI Research, location analytics market will rise up to $9 billion by […]

Data Mining: How Can Businesses Capitalize on Big Data?

In the recent years, data mining has become a prickly issue. The big controversies and clamors it has gathered in the political and business arenas suggest its importance in our time. No wonder, it is used as a household name in the business world. Data mining, in fact, is an inevitable consequence of all the technological innovations […]

Web Scraping vs API

Every system you come across today has an API already developed for their customers or it is at least in their bucket list. While APIs are great if you really need to interact with the system but if you are only looking to extract data from the website, web scraping is a much better option. […]

Grepsr at Startup Asia event in Jakarta

We are just back from an awesome start-up event in Jakarta, Indonesia organized by TechInAsia. There were big investors and experts from the Asian tech industry at the event. We shared the stage with 15 other start-ups who pitched their product in front of a big crowd – it was an amazing experience! The reception […]

Web Crawling Software or Web Crawling Service

Some people ask us if we are a “service” or a “software”. We simply tell them – we are a service, with killer software that runs behind the scenes! 🙂 Also, lot of our customers ask us, why go for a Web Crawling Service over a Web Crawling Software? The answer is pretty straight forward. […]

Managed Data Extraction Service

Grepsr is what we like to call, “Managed Data Extraction Service”. Here are some of the reasons why we call it “managed”: We let you focus on your business and use the data — worrying about technical details of extraction is our job, and we will do it for you. We let you describe your […]

Official Launch of Grepsr (Beta)

We are immensely proud to launch Grepsr today. Grepsr is probably one of the first Web 2.0 Software as a Service (SaaS) products for website data extraction. So what does this mean for the customers? Cheaper costs – you pay a flat monthly fee no matter how big or small your extraction needs are. Fully […]

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