What is Data Scraping?

Data Scraping is the procedure through which details are gathered using the Internet which is later used for some specific usage.

When comes to data scraping for finance industry or any other industries, you need to handle web pages. With digitized data; it has become possible to do all the above-mentioned procedures without human efforts.

Therefore, in case you can envisage a robot that goes through all the pages at lightning speed then you can visualize how important the data scraping technology in finance is.

Among the finest examples of data scraping might be something we utilize every day, Google. When you type something in Google for search, it shows results within milliseconds.

To do this process very fast, Google crawls all the pages in terms of relevancy. Certainly, this procedure can’t be done right away. After crawling, Google extracts data with text & links; complete mapping and does tons of additional activities before indexing.

If Google uses human efforts in place of these algorithms, it would be world’s biggest company as far as a number of employees is concerned. Generally, the data scraping technology helps quick data processing from the Internet.