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Data-as-a-Service: A Critical Component of Business Growth | PromptCloud
 

Data-as-a-Service: A Critical Component of Business Growth

The competitive advantage provided by big data to companies operating in any industry vertical is invaluable. Business decisions must be made with great caution as bad decisions could end up being catastrophic to the company. As the need for making the right decisions at all times is increasing, so is the data on the web. Data is actually exploding in volumes. We have created more data in the past two years than in the entire history of human race. This growth in size of the data can be especially beneficial to businesses as they can harvest it for various business purposes. The question is how to acquire this enormous amount of data on the web.

data-as-a-service
This is where Data-as-a-service providers (DaaS) come into the picture. It is a challenging task to extract data from the unstructured pile of information that the world wide web contains. This is because there is no standard structure followed by websites across the web. Each website can have completely different way of displaying data and the underlying code can also vary a lot.

A DaaS provider will setup and deploy web crawlers to fetch the required data from the websites of your preference. Setting up the crawler is a technically demanding task that needs expert help. This is one of the reasons why relying on a DaaS provider makes sense to businesses. But that’s not all—since the website structure and design frequently get updated, the web crawlers could stop working at any point of time. This can be deemed as the biggest challenge in web data acquisition. Web scraping services can make sure that this doesn’t happen by setting up monitoring mechanism for each website. When website changes are detected, they would modify the crawler accordingly so that no data is lost.

A managed service like this gives you peace of mind and the data you need, without missing a single record. As data driven decision making has become a critical component of business growth, it’s the right time to let data guide your business to success.
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