The value of web data is increasing in every industry from retail competitive price monitoring to alternative data for investment research. As the trusted research firm, Gartner, stated in their blog: “Your company’s biggest database isn’t your transaction, CRM, ERP or other internal database. Rather it’s the Web itself…Treat the…
More and more equity research firms are taking the “intuition” out of their research and basing recommendations only on data. One huge source of data is news. By extracting headlines and article copy and using that data for predictive analysis, investment firms gain valuable insight into trends, events, and shifting…
Businesses are going big with their big data strategy. According to a 2017 study by New Vantage partners, 37.2% of surveyed organizations have invested more than $100M in a big data strategy within the past five years, with 6.5% investing over $1B. And it’s paying off. Nearly 50% of companies…
Today, shoppers can easily check pricing on multiple websites and buy at the lowest price. According to a recent study by Market Track, 80% of respondents said they would compare prices online before making a purchase – whether online or in-store. Investing 20 minutes to compare pricing of one product…
This article answers the question – what is big data? Big Data is getting bigger. This market growth has led to a proliferation of technology vendors touting themselves as “Big Data solution providers.” In fact, the volume and variety of Big Data vendors seems to rival the volume and variety…
We are excited to announce two new Import.io features that make web data integration and storage easier and more efficient. Using Import.io webhooks you can specify the URL or application, such as AWS, Zapier, or Google Cloud, where you want the data to be stored. Once the data is extracted,…
According to WaletHub, 150,000,000 hotdogs are consumed during the 4th of July holiday in the US. Considering the demand, we thought it would be interesting to find out if online grocers increase hot dog prices around the holiday. We set up price change reports on both Amazon and Walmart to…
Last year, online shopping sales hit a record $108.2 billion and this figure is set to grow in 2018 according to the National Retail Federation. About a third of shoppers start before Thanksgiving, but the day after Thanksgiving is still the biggest one day shopping event and not just in…
Whichever industry you work in, or whatever your interests, you will almost certainly have come across a story about how “data” is changing the face of our world. It might be helping to cure a disease, boost a company’s revenue, make a building more efficient or be responsible for those targeted ads you keep seeing.
In general, data is simply another word for information. But in computing and business (most of what you read about in the news when it comes to data – especially if it’s about Big Data), data refers to information that is machine-readable as opposed to human-readable.
*Originally posted on April 7th, 2017. Updated on June 28th, 2018. In real estate, the three most important elements are location, location, location. In e-commerce, it could very well be price, price, price. The product has to be decent, and the tide is slowing turning to put more emphasis on…
