What Is Data Extraction And Why It Is Important For A Company To Generate B2B Leads?In simple terms, data extraction is the process of extracting data captured within semi-structured and unstructured sources, such as emails, PDFs, PDF forms, text files, barcodes, and images . An enterprise-grade data extraction tool makes incoming business data from unstructured or semi-structured sources usable for analytics and reporting. When quality data is used for business insights and data analytics, enterprises do better in revenues. And extracting these insights from high volumes of enterprise data requires powerful and seamless data integration, either manually or with the help of data scraping tools . Businesses store their data in a multitude of databases, data lakes, repositories, and file systems–ranging from legacy to modern–that vary in formats.
This bulk of data increases rapidly and daily, and not all is useful; most of it includes outdated, incomplete, compromised, inconsistent, or simply “bad” data, which 84% of businesses attribute to having a direct effect on their bottom line. Extracting analysis-worthy information from this flood of big data is a critical, yet challenging task (due to the sheer volume and velocity of incoming data), which can be accomplished by a web data extraction software.