Why Do Businesses Need Data Extraction?


Data reigns as a supreme power in this competitive business world. It can be statistics, customer data, product sales figures or any large density data, it plays a vital role in enterprise strategic decision making and acquiring it from various data sources will be beneficial to the organizations. Even if you’re just using social media for personal reasons, you can’t avoid amassing a massive amount of information. Anything goes, from a few text conversations and photos with your friends or family to some market statistics. 

You may wonder what the fuss is all about. Let’s pretend you’ve got a website where you sell your company’s goods. You want to put the products that are most appealing to customers on the front page. Using this information, you’ll be able to remedy this issue in no time. You may learn more about your consumers by implementing data extraction on your website. Data like age, location, and the products they’ve clicked on can be used to better understand your customers and their habits. You may develop an intelligent advertisement for your website by using some facts. Data Extraction helps fight the same pressures of generating income, lowering expenses, and satisfying high customer demands. Better decision making and increased income are the results of the process if it is implemented correctly.

What is Data Extraction?

Data Extraction is a process of retrieving data from multiple sources. It is one of the most reliable ways to extract data for enterprises. Business-related data can be found and collected from a variety of frequently unstructured sources, such as websites, documents, or client databases, using data extractors.

To help your business expand, data extraction services provide essential information that can aid in making better business decisions, increasing productivity, or gaining insight into the industry. Your organization will need data extraction services whenever it must deal with large amounts of data in varied forms kept in various locations. As a result, you will be able to evaluate consumer behaviour, establish buyer personas, and improve your products and customer service based on relevant data.

How is Data Extraction profitable to the organizations?

There is no doubt in saying that the data extraction tool is profitable. It will save time and resources, which leads to efficient procedures. 

  1. Eliminates Manual Data

There is no need for your employees to devote their time and energy to manual data extraction. It will frustrate them in sorting out unlimited data without errors. Data Extraction tools will be using an automated process to organize data. 

      2. Choose your Perfect Tool

The data extraction tools are developed to handle automated data extraction procedures. It is equipped to handle even complex projects such as web data, pdf, images, or any documentation or process. 

       3. Diverse Data 

Data Extraction tool can handle various data types like database, web data, PDF, documents, and images. There are no limitations when it comes to managing and extracting data from various sources. A wide variety of data formats are available to suit your preferences and business requirements from most service providers.

      4. Accurate and Specified Data

The provided information will be accurate, error-free, and reliable for your enterprise requirements. Even the minute specifications will be considered while extracting data. It improves data quality and makes data administration easier.

Data Extraction and ETL!

Looking at the ETL process might help put the importance of data extraction into perspective. To sum it up, ETL enables businesses and organizations to:

  • centralize data from various sources 
  • assimilate various data types into a standard format. 

The ETL process consists of three stages:

  • Extraction– It is the process of obtaining information from multiple sources or systems. To extract data, one must first identify and discover important information. Extraction enables the combination of various types of data and the subsequent mining of business intelligence.
  • Transformation– It is time to refine the data that has been effectively extracted. Data is organized, cleaned, and categorized during the transformation step. Audits and deletions of redundant items are among the measures taken to ensure that the data is reliable, consistent, and useable.
  • Loading– A single site is used to store and analyse the high-quality data that has been converted.

Which one is an Authorized Tool for your Business?

There are many Data extraction tools available. But which one to choose has always been confusing for the businesses. Let’s get brief points about various platforms providing data extraction tools. 

  • Fivetran:

Fivetran is designed to align with real-world data analytical needs. It is the fastest and smartest way to replicate your databases, events, applications, and files into a cloud warehouse. It needs zero maintenance and adapts automatically to the source changes. 

  • Striim:

Striim platform has end-to-end data operational intelligence and integration solutions. It enables continuous query processing and streaming analytics.  

  • Microsoft Power Automate:

Microsoft Power Automate helps in creating automated workflows to synchronize files. It enables notifications, data collection, and many more. 

All three tools got their specifications which differentiates them from one another. But the real catch is about choosing the data extraction tool as per your business requirements. 

To summarize

The process of converting unstructured or semi-structured data into structured data is known as data extraction. In other words, this procedure converts unstructured or semi-structured data into structured data. Structured data can produce important insights that can be used for reporting and analytics. Because of the huge increase in the number of unstructured and semi-structured data, data extraction has become critical. However, the process of data extraction makes your work accurate, increases your chances of successful sales and increases agility. It is one practice that firms and businesses adopt for better and easier working.

About Kanerika

Kanerika is a niche consulting firm building efficient enterprises with deployment of automated, integrated and analytics solutions. Kanerika enables efficient enterprises through its unique digital consulting frameworks and AIOps enabled compostable solution architecture. We partner with some of the top vendors to solve some of the critical data and process related challenges. We help some of the top brands across the globe in increasing their speed to respond in evolving market conditions, reducing their cost of operations, empowering them with the right tools and insights for effective decision making.

Kanerika enables you to create data-driven insights to improve your business.

Kanerika enables you to create data-driven insights to improve your business.