Data Mining and Financial Data Analysis

Data Mining and Financial Data Analysis

Introduction:

Most marketers understand the value of collecting financial data, but also realize the challenges of leveraging this knowledge to create intelligent, proactive pathways back to the customer. Data mining - technologies and techniques for recognizing and tracking patterns within data - helps businesses sift through layers of seemingly unrelated data for meaningful relationships, where they can anticipate, rather than simply react to, customer needs as well as financial need. In this accessible introduction, we provides a business and technological overview of data mining and outlines how, along with sound business processes and complementary technologies, data mining can reinforce and redefine for financial analysis.

Objective:

1. The main objective of mining techniques is to discuss how customized data mining tools should be developed for financial data analysis.

2. Usage pattern, in terms of the purpose can be categories as per the need for financial analysis.

3. Develop a tool for financial analysis through data mining techniques.

Data mining:

Data mining is the procedure for extracting or mining knowledge for the large quantity of data or we can say data mining is "knowledge mining for data" or also we can say Knowledge Discovery in Database (KDD). Means data mining is : data collection , database creation, data management, data analysis and understanding.

There are some steps in the process of knowledge discovery in database, such as

1. Data cleaning. (To remove nose and inconsistent data)

2. Data integration. (Where multiple data source may be combined.)

3. Data selection. (Where data relevant to the analysis task are retrieved from the database.)

4. Data transformation. (Where data are transformed or consolidated into forms appropriate for mining by performing summary or aggregation operations, for instance)

5. Data mining. (An essential process where intelligent methods are applied in order to extract data patterns.)

6. Pattern evaluation. (To identify the truly interesting patterns representing knowledge based on some interesting measures.)

7. Knowledge presentation.(Where visualization and knowledge representation techniques are used to present the mined knowledge to the user.)

Data Warehouse:

A data warehouse is a repository of information collected from multiple sources, stored under a unified schema and which usually resides at a single site.

Text:

Most of the banks and financial institutions offer a wide verity of banking services such as checking, savings, business and individual customer transactions, credit and investment services like mutual funds etc. Some also offer insurance services and stock investment services.

There are different types of analysis available, but in this case we want to give one analysis known as "Evolution Analysis".

Data evolution analysis is used for the object whose behavior changes over time. Although this may include characterization, discrimination, association, classification, or clustering of time related data, means we can say this evolution analysis is done through the time series data analysis, sequence or periodicity pattern matching and similarity based data analysis.

Data collect from banking and financial sectors are often relatively complete, reliable and high quality, which gives the facility for analysis and data mining. Here we discuss few cases such as,

Eg, 1. Suppose we have stock market data of the last few years available. And we would like to invest in shares of best companies. A data mining study of stock exchange data may identify stock evolution regularities for overall stocks and for the stocks of particular companies. Such regularities may help predict future trends in stock market prices, contributing our decision making regarding stock investments.

Eg, 2. One may like to view the debt and revenue change by month, by region and by other factors along with minimum, maximum, total, average, and other statistical information. Data ware houses, give the facility for comparative analysis and outlier analysis all are play important roles in financial data analysis and mining.

Eg, 3. Loan payment prediction and customer credit analysis are critical to the business of the bank. There are many factors can strongly influence loan payment performance and customer credit rating. Data mining may help identify important factors and eliminate irrelevant one.

Factors related to the risk of loan payments like term of the loan, debt ratio, payment to income ratio, credit history and many more. The banks than decide whose profile shows relatively low risks according to the critical factor analysis.

We can perform the task faster and create a more sophisticated presentation with financial analysis software. These products condense complex data analyses into easy-to-understand graphic presentations. And there's a bonus: Such software can vault our practice to a more advanced business consulting level and help we attract new clients.

To help us find a program that best fits our needs-and our budget-we examined some of the leading packages that represent, by vendors' estimates, more than 90% of the market. Although all the packages are marketed as financial analysis software, they don't all perform every function needed for full-spectrum analyses. It should allow us to provide a unique service to clients.

The Products:

ACCPAC CFO (Comprehensive Financial Optimizer) is designed for small and medium-size enterprises and can help make business-planning decisions by modeling the impact of various options. This is accomplished by demonstrating the what-if outcomes of small changes. A roll forward feature prepares budgets or forecast reports in minutes. The program also generates a financial scorecard of key financial information and indicators.

Customized Financial Analysis by BizBench provides financial benchmarking to determine how a company compares to others in its industry by using the Risk Management Association (RMA) database. It also highlights key ratios that need improvement and year-to-year trend analysis. A unique function, Back Calculation, calculates the profit targets or the appropriate asset base to support existing sales and profitability. Its DuPont Model Analysis demonstrates how each ratio affects return on equity.

Financial Analysis CS reviews and compares a client's financial position with business peers or industry standards. It also can compare multiple locations of a single business to determine which are most profitable. Users who subscribe to the RMA option can integrate with Financial Analysis CS, which then lets them provide aggregated financial indicators of peers or industry standards, showing clients how their businesses compare.

iLumen regularly collects a client's financial information to provide ongoing analysis. It also provides benchmarking information, comparing the client's financial performance with industry peers. The system is Web-based and can monitor a client's performance on a monthly, quarterly and annual basis. The network can upload a trial balance file directly from any accounting software program and provide charts, graphs and ratios that demonstrate a company's performance for the period. Analysis tools are viewed through customized dashboards.

PlanGuru by New Horizon Technologies can generate client-ready integrated balance sheets, income statements and cash-flow statements. The program includes tools for analyzing data, making projections, forecasting and budgeting. It also supports multiple resulting scenarios. The system can calculate up to 21 financial ratios as well as the breakeven point. PlanGuru uses a spreadsheet-style interface and wizards that guide users through data entry. It can import from Excel, QuickBooks, Peachtree and plain text files. It comes in professional and consultant editions. An add-on, called the Business Analyzer, calculates benchmarks.

ProfitCents by Sageworks is Web-based, so it requires no software or updates. It integrates with QuickBooks, CCH, Caseware, Creative Solutions and Best Software applications. It also provides a wide variety of businesses analyses for nonprofits and sole proprietorships. The company offers free consulting, training and customer support. It's also available in Spanish.

ProfitSystem fx Profit Driver by CCH Tax and Accounting provides a wide range of financial diagnostics and analytics. It provides data in spreadsheet form and can calculate benchmarking against industry standards. The program can track up to 40 periods.

Source : http://ezinearticles.com/?Data-Mining-and-Financial-Data-Analysis&id=2752017

One of the Main Differences Between Statistical Analysis and Data Mining

One of the Main Differences Between Statistical Analysis and Data Mining

Two methods of analyzing data that are common in both academic and commercial fields are statistical analysis and data mining. While statistical analysis has a long scientific history, data mining is a more recent method of data analysis that has arisen from Computer Science. In this article I want to give an introduction to these methods and outline what I believe is one of the main differences between the two fields of analysis.

Statistical analysis commonly involves an analyst formulating a hypothesis and then testing the validity of this hypothesis by running statistical tests on data that may have been collected for the purpose. For example, if an analyst was studying the relationship between income level and the ability to get a loan, the analyst may hypothesis that there will be a correlation between income level and the amount of credit someone may qualify for.

The analyst could then test this hypothesis with the use of a data set that contains a number of people along with their income levels and the credit available to them. A test could be run that indicates for example that there may be a high degree of confidence that there is indeed a correlation between income and available credit. The main point here is that the analyst has formulated a hypothesis and then used a statistical test along with a data set to provide evidence in support or against that hypothesis.

Data mining is another area of data analysis that has arisen more recently from computer science that has a number of differences to traditional statistical analysis. Firstly, many data mining techniques are designed to be applied to very large data sets, while statistical analysis techniques are often designed to form evidence in support or against a hypothesis from a more limited set of data.

Probably the mist significant difference here, however, is that data mining techniques are not used so much to form confidence in a hypothesis, but rather extract unknown relationships may be present in the data set. This is probably best illustrated with an example. Rather than in the above case where a statistician may form a hypothesis between income levels and an applicants ability to get a loan, in data mining, there is not typically an initial hypothesis. A data mining analyst may have a large data set on loans that have been given to people along with demographic information of these people such as their income level, their age, any existing debts they have and if they have ever defaulted on a loan before.

A data mining technique may then search through this large data set and extract a previously unknown relationship between income levels, peoples existing debt and their ability to get a loan.

While there are quite a few differences between statistical analysis and data mining, I believe this difference is at the heart of the issue. A lot of statistical analysis is about analyzing data to either form confidence for or against a stated hypothesis while data mining is often more about applying an algorithm to a data set to extract previously unforeseen relationships.

Source:http://ezinearticles.com/?One-of-the-Main-Differences-Between-Statistical-Analysis-and-Data-Mining&id=4578250

Web Data Extraction Services

Web Data Extraction Services

Web Data Extraction from Dynamic Pages includes some of the services that may be acquired through outsourcing. It is possible to siphon information from proven websites through the use of Data Scrapping software. The information is applicable in many areas in business. It is possible to get such solutions as data collection, screen scrapping, email extractor and Web Data Mining services among others from companies providing websites such as Scrappingexpert.com.

Data mining is common as far as outsourcing business is concerned. Many companies are outsource data mining services and companies dealing with these services can earn a lot of money, especially in the growing business regarding outsourcing and general internet business. With web data extraction, you will pull data in a structured organized format. The source of the information will even be from an unstructured or semi-structured source.

In addition, it is possible to pull data which has originally been presented in a variety of formats including PDF, HTML, and test among others. The web data extraction service therefore, provides a diversity regarding the source of information. Large scale organizations have used data extraction services where they get large amounts of data on a daily basis. It is possible for you to get high accuracy of information in an efficient manner and it is also affordable.

Web data extraction services are important when it comes to collection of data and web-based information on the internet. Data collection services are very important as far as consumer research is concerned. Research is turning out to be a very vital thing among companies today. There is need for companies to adopt various strategies that will lead to fast means of data extraction, efficient extraction of data, as well as use of organized formats and flexibility.

In addition, people will prefer software that provides flexibility as far as application is concerned. In addition, there is software that can be customized according to the needs of customers, and these will play an important role in fulfilling diverse customer needs. Companies selling the particular software therefore, need to provide such features that provide excellent customer experience.

It is possible for companies to extract emails and other communications from certain sources as far as they are valid email messages. This will be done without incurring any duplicates. You will extract emails and messages from a variety of formats for the web pages, including HTML files, text files and other formats. It is possible to carry these services in a fast reliable and in an optimal output and hence, the software providing such capability is in high demand. It can help businesses and companies quickly search contacts for the people to be sent email messages.

It is also possible to use software to sort large amount of data and extract information, in an activity termed as data mining. This way, the company will realize reduced costs and saving of time and increasing return on investment. In this practice, the company will carry out Meta data extraction, scanning data, and others as well.

Source: http://ezinearticles.com/?Web-Data-Extraction-Services&id=4733722

Data Mining vs Screen-Scraping

Data Mining vs Screen-Scraping

Data mining isn't screen-scraping. I know that some people in the room may disagree with that statement, but they're actually two almost completely different concepts.

In a nutshell, you might state it this way: screen-scraping allows you to get information, where data mining allows you to analyze information. That's a pretty big simplification, so I'll elaborate a bit.

The term "screen-scraping" comes from the old mainframe terminal days where people worked on computers with green and black screens containing only text. Screen-scraping was used to extract characters from the screens so that they could be analyzed. Fast-forwarding to the web world of today, screen-scraping now most commonly refers to extracting information from web sites. That is, computer programs can "crawl" or "spider" through web sites, pulling out data. People often do this to build things like comparison shopping engines, archive web pages, or simply download text to a spreadsheet so that it can be filtered and analyzed.

Data mining, on the other hand, is defined by Wikipedia as the "practice of automatically searching large stores of data for patterns." In other words, you already have the data, and you're now analyzing it to learn useful things about it. Data mining often involves lots of complex algorithms based on statistical methods. It has nothing to do with how you got the data in the first place. In data mining you only care about analyzing what's already there.

The difficulty is that people who don't know the term "screen-scraping" will try Googling for anything that resembles it. We include a number of these terms on our web site to help such folks; for example, we created pages entitled Text Data Mining, Automated Data Collection, Web Site Data Extraction, and even Web Site Ripper (I suppose "scraping" is sort of like "ripping"). So it presents a bit of a problem-we don't necessarily want to perpetuate a misconception (i.e., screen-scraping = data mining), but we also have to use terminology that people will actually use.

Source: http://ezinearticles.com/?Data-Mining-vs-Screen-Scraping&id=146813

Three Common Methods For Web Data Extraction

Three Common Methods For Web Data Extraction

Probably the most common technique used traditionally to extract data from web pages this is to cook up some regular expressions that match the pieces you want (e.g., URL's and link titles). Our screen-scraper software actually started out as an application written in Perl for this very reason. In addition to regular expressions, you might also use some code written in something like Java or Active Server Pages to parse out larger chunks of text. Using raw regular expressions to pull out the data can be a little intimidating to the uninitiated, and can get a bit messy when a script contains a lot of them. At the same time, if you're already familiar with regular expressions, and your scraping project is relatively small, they can be a great solution.

Other techniques for getting the data out can get very sophisticated as algorithms that make use of artificial intelligence and such are applied to the page. Some programs will actually analyze the semantic content of an HTML page, then intelligently pull out the pieces that are of interest. Still other approaches deal with developing "ontologies", or hierarchical vocabularies intended to represent the content domain.

There are a number of companies (including our own) that offer commercial applications specifically intended to do screen-scraping. The applications vary quite a bit, but for medium to large-sized projects they're often a good solution. Each one will have its own learning curve, so you should plan on taking time to learn the ins and outs of a new application. Especially if you plan on doing a fair amount of screen-scraping it's probably a good idea to at least shop around for a screen-scraping application, as it will likely save you time and money in the long run.

So what's the best approach to data extraction? It really depends on what your needs are, and what resources you have at your disposal. Here are some of the pros and cons of the various approaches, as well as suggestions on when you might use each one:

Raw regular expressions and code

Advantages:

- If you're already familiar with regular expressions and at least one programming language, this can be a quick solution.
- Regular expressions allow for a fair amount of "fuzziness" in the matching such that minor changes to the content won't break them.
- You likely don't need to learn any new languages or tools (again, assuming you're already familiar with regular expressions and a programming language).
- Regular expressions are supported in almost all modern programming languages. Heck, even VBScript has a regular expression engine. It's also nice because the various regular expression implementations don't vary too significantly in their syntax.

Disadvantages:

- They can be complex for those that don't have a lot of experience with them. Learning regular expressions isn't like going from Perl to Java. It's more like going from Perl to XSLT, where you have to wrap your mind around a completely different way of viewing the problem.
- They're often confusing to analyze. Take a look through some of the regular expressions people have created to match something as simple as an email address and you'll see what I mean.
- If the content you're trying to match changes (e.g., they change the web page by adding a new "font" tag) you'll likely need to update your regular expressions to account for the change.
- The data discovery portion of the process (traversing various web pages to get to the page containing the data you want) will still need to be handled, and can get fairly complex if you need to deal with cookies and such.

When to use this approach: You'll most likely use straight regular expressions in screen-scraping when you have a small job you want to get done quickly. Especially if you already know regular expressions, there's no sense in getting into other tools if all you need to do is pull some news headlines off of a site.

Ontologies and artificial intelligence

Advantages:

- You create it once and it can more or less extract the data from any page within the content domain you're targeting.
- The data model is generally built in. For example, if you're extracting data about cars from web sites the extraction engine already knows what the make, model, and price are, so it can easily map them to existing data structures (e.g., insert the data into the correct locations in your database).
- There is relatively little long-term maintenance required. As web sites change you likely will need to do very little to your extraction engine in order to account for the changes.

Disadvantages:

- It's relatively complex to create and work with such an engine. The level of expertise required to even understand an extraction engine that uses artificial intelligence and ontologies is much higher than what is required to deal with regular expressions.
- These types of engines are expensive to build. There are commercial offerings that will give you the basis for doing this type of data extraction, but you still need to configure them to work with the specific content domain you're targeting.
- You still have to deal with the data discovery portion of the process, which may not fit as well with this approach (meaning you may have to create an entirely separate engine to handle data discovery). Data discovery is the process of crawling web sites such that you arrive at the pages where you want to extract data.

When to use this approach: Typically you'll only get into ontologies and artificial intelligence when you're planning on extracting information from a very large number of sources. It also makes sense to do this when the data you're trying to extract is in a very unstructured format (e.g., newspaper classified ads). In cases where the data is very structured (meaning there are clear labels identifying the various data fields), it may make more sense to go with regular expressions or a screen-scraping application.

Screen-scraping software

Advantages:

- Abstracts most of the complicated stuff away. You can do some pretty sophisticated things in most screen-scraping applications without knowing anything about regular expressions, HTTP, or cookies.
- Dramatically reduces the amount of time required to set up a site to be scraped. Once you learn a particular screen-scraping application the amount of time it requires to scrape sites vs. other methods is significantly lowered.
- Support from a commercial company. If you run into trouble while using a commercial screen-scraping application, chances are there are support forums and help lines where you can get assistance.

Disadvantages:

- The learning curve. Each screen-scraping application has its own way of going about things. This may imply learning a new scripting language in addition to familiarizing yourself with how the core application works.
- A potential cost. Most ready-to-go screen-scraping applications are commercial, so you'll likely be paying in dollars as well as time for this solution.
- A proprietary approach. Any time you use a proprietary application to solve a computing problem (and proprietary is obviously a matter of degree) you're locking yourself into using that approach. This may or may not be a big deal, but you should at least consider how well the application you're using will integrate with other software applications you currently have. For example, once the screen-scraping application has extracted the data how easy is it for you to get to that data from your own code?

When to use this approach: Screen-scraping applications vary widely in their ease-of-use, price, and suitability to tackle a broad range of scenarios. Chances are, though, that if you don't mind paying a bit, you can save yourself a significant amount of time by using one. If you're doing a quick scrape of a single page you can use just about any language with regular expressions. If you want to extract data from hundreds of web sites that are all formatted differently you're probably better off investing in a complex system that uses ontologies and/or artificial intelligence. For just about everything else, though, you may want to consider investing in an application specifically designed for screen-scraping.

As an aside, I thought I should also mention a recent project we've been involved with that has actually required a hybrid approach of two of the aforementioned methods. We're currently working on a project that deals with extracting newspaper classified ads. The data in classifieds is about as unstructured as you can get. For example, in a real estate ad the term "number of bedrooms" can be written about 25 different ways. The data extraction portion of the process is one that lends itself well to an ontologies-based approach, which is what we've done. However, we still had to handle the data discovery portion. We decided to use screen-scraper for that, and it's handling it just great. The basic process is that screen-scraper traverses the various pages of the site, pulling out raw chunks of data that constitute the classified ads. These ads then get passed to code we've written that uses ontologies in order to extract out the individual pieces we're after. Once the data has been extracted we then insert it into a database.

source: http://ezinearticles.com/?Three-Common-Methods-For-Web-Data-Extraction&id=165416

Assuring Scraping Success with Proxy Data Scraping

Assuring Scraping Success with Proxy Data Scraping

Have you ever heard of "Data Scraping?" Data Scraping is the process of collecting useful data that has been placed in the public domain of the internet (private areas too if conditions are met) and storing it in databases or spreadsheets for later use in various applications. Data Scraping technology is not new and many a successful businessman has made his fortune by taking advantage of data scraping technology.

Sometimes website owners may not derive much pleasure from automated harvesting of their data. Webmasters have learned to disallow web scrapers access to their websites by using tools or methods that block certain ip addresses from retrieving website content. Data scrapers are left with the choice to either target a different website, or to move the harvesting script from computer to computer using a different IP address each time and extract as much data as possible until all of the scraper's computers are eventually blocked.

Thankfully there is a modern solution to this problem. Proxy Data Scraping technology solves the problem by using proxy IP addresses. Every time your data scraping program executes an extraction from a website, the website thinks it is coming from a different IP address. To the website owner, proxy data scraping simply looks like a short period of increased traffic from all around the world. They have very limited and tedious ways of blocking such a script but more importantly -- most of the time, they simply won't know they are being scraped.

You may now be asking yourself, "Where can I get Proxy Data Scraping Technology for my project?" The "do-it-yourself" solution is, rather unfortunately, not simple at all. Setting up a proxy data scraping network takes a lot of time and requires that you either own a bunch of IP addresses and suitable servers to be used as proxies, not to mention the IT guru you need to get everything configured properly. You could consider renting proxy servers from select hosting providers, but that option tends to be quite pricey but arguably better than the alternative: dangerous and unreliable (but free) public proxy servers.

There are literally thousands of free proxy servers located around the globe that are simple enough to use. The trick however is finding them. Many sites list hundreds of servers, but locating one that is working, open, and supports the type of protocols you need can be a lesson in persistence, trial, and error. However if you do succeed in discovering a pool of working public proxies, there are still inherent dangers of using them. First off, you don't know who the server belongs to or what activities are going on elsewhere on the server. Sending sensitive requests or data through a public proxy is a bad idea. It is fairly easy for a proxy server to capture any information you send through it or that it sends back to you. If you choose the public proxy method, make sure you never send any transaction through that might compromise you or anyone else in case disreputable people are made aware of the data.

A less risky scenario for proxy data scraping is to rent a rotating proxy connection that cycles through a large number of private IP addresses. There are several of these companies available that claim to delete all web traffic logs which allows you to anonymously harvest the web with minimal threat of reprisal. Companies such as offer large scale anonymous proxy solutions, but often carry a fairly hefty setup fee to get you going.

Source:http://ezinearticles.com/?Assuring-Scraping-Success-with-Proxy-Data-Scraping&id=248993

Scrape amazon and price your product the right way – A use case

Scrape amazon and price your product the right way – A use case

So you built a product that you want to sell through Amazon.

How do you price your product? 

Amazon is the world’s largest online retailer. Millions of products are sold through amazon.  a lot of people make their living selling through Amazon. One of the biggest mistake people do in Amazon is that they price their product the wrong way. Sometimes they sell overpriced products, sometimes they sell the underpriced product. Both situations are toxic for the business.

We recently worked with a company that helps small businesses sell the products efficiently through amazon and other marketplaces. One of the key things they are doing is helping people with pricing their product the right way.

What I learned from them is that price is a relative term and a lot of people does not understand it. Pricing is a function of the positioning of  your product in the market.

We need to collect the data using  a technique called web scraping to understand how to position the product. You can get the  data in a CSV file which can be used for analysis.

1) What is the average price of a comparable product?

Understanding the pricing  strategy of your competitors products  is the first step in solving the problem. This can give you a range in which you can price your product. You can get the pricing data by scraping amazon

2) Is this a premium product?

People always pay a premium price for a premium product. What makes a product premium? – A product is considered premium only when the customer believe it is worth the price. Excellent marketing and branding are the ways to position your product as a premium product. You can get the relevant data by scraping amazon.

3) What are the problems with your competitor products?

Your competitor products might be having some defects. Or they might not be addressing a relevant problem. You have every chance of success If you are solving a problem that your competitor doesn’t. You can find these problems by analyzing the product reviews of your competitors. You can get review data by scraping amazon.

By analyzing data you can reach at a point where your profit margin looks healthy and pricing looks sensible. Buyers buy the value, not your product. Differentiate your product and position it as a superior product. Give people a reason to buy and that is the only way to succeed.

Source: http://blog.datahut.co/scrape-amazon-and-price-your-product-the-right-way-a-use-case/

Tapping The Mining Services Goldmine

Tapping The Mining Services Goldmine

In Australia, resources booms tend to come and go. In a recent speech, Reserve Bank Deputy Governor Ric Battellino identified five major booms over the last two hundred years - from the gold rush of the 1850s, to our current minerals and energy boom.

Many have argued that the current boom is different from anything we've experienced before, with the modernisation of the Chinese and Indian economies likely to keep demand high for decades. That's led some analysts to talk of a resources supercycle. And yet a supercycle is still a cycle.

By definition, cycles are uneven, with commodity prices ebbing and flowing in response to demand, economic conditions and market sentiment. And the share prices of resources companies tend to move with them.

Which raises the question: what's the best way for investors to tap into the potential of the mining boom, without the heart-stopping volatility that mining stocks sometimes deliver?
Invest in the store that sells the spade

Legend has it that the people who really profited from Australia's gold rush weren't the miners who flocked to the fields, but the store-owners who sold them their spades and pans. You can put the same principle to work today by investing in mining services and engineering companies.

Here are five reasons to consider giving mining services companies a place in your portfolio:

1. Growing demand

In November, the Australian Bureau of Agricultural and Resource Economics reported that mining and energy companies plan to invest a record $132.9bn in new projects, a 58% increase from the previous year. That includes 72 projects at an advanced stage of development, such as the $43bn Gorgon LNG project and the $20bn Olympic dam expansion. The mining services sector is poised to benefit from all of them.

The sector also stands to benefit from Australia's worsening skills shortage, with more companies looking to contractors to provide essential services in remote locations.

2. Less volatility

Resource stocks tend to fluctuate with commodity prices, which are subject to international economic forces and market sentiment beyond the control of any individual company. As a result, they are among the most volatile companies on the Australian sharemarket. But mining services stocks, while still exposed to the commodities cycle, tend to be more stable.

3. More predictable cash flow

One reason for the comparative volatility of commodity companies is that their cash flow can be very variable. In the development phase, they need to make significant capital expenditure, often leading to negative cash flows. And while they enjoy healthy revenues in the production phase, that revenue may diminish as a resource is exhausted, unless they make further investments in exploration and development.
In contrast, mining services companies require comparatively little capital investment, with more predictable cash flows over the long-term.

4. Higher dividends

Predictable cash flows and lower capital expenditures often allow services companies to pay out more of their earnings as dividends, making them more appealing for income-oriented investors.

5. No need to pick winners

Many miners are highly leveraged to demand for a single commodity, whether it's gold, coal, copper or iron ore. Some are reliant on a single mine or field. Whereas services companies generally have a more diversified customer base.

Source: http://ezinearticles.com/?Tapping-The-Mining-Services-Goldmine&id=5924837

Web Scraping with Python: A Beginner’s Guide

Web Scraping with Python: A Beginner’s Guide

In the Big Data world, Web Scraping or Data extraction services are the primary requisites for Big Data Analytics. Pulling up data from the web has become almost inevitable for companies to stay in business. Next question that comes up is how to go about web scraping as a beginner.

Data can be extracted or scraped from a web source using a number of methods. Popular websites like Google, Facebook, or Twitter offer APIs to view and extract the available data in a structured manner.  This prevents the use of other methods that may not be preferred by the API provider. However, the demand to scrape a website arises when the information is not readily offered by the website. Python, an open source programming language is often used for Web Scraping due to its simple and rich ecosystem. It contains a library called “BeautifulSoup” which carries on this task. Let’s take a deeper look into web scraping using python.

Setting up a Python Environment:

To carry out web scraping using Python, you will first have to install the Python Environment, which enables to run code written in the python language. The libraries perform data scraping;

Beautiful Soup is a convenient-to-use python library. It is one of the finest tools for extracting information from a webpage. Professionals can scrape information from web pages in the form of tables, lists, or paragraphs. Urllib2 is another library that can be used in combination with the BeautifulSoup library for fetching the web pages. Filters can be added to extract specific information from web pages. Urllib2 is a Python module that can fetch URLs.

For MAC OSX :

To install Python libraries on MAC OSX, users need to open a terminal win and type in the following commands, single command at a time:

sudoeasy_install pip

pip install BeautifulSoup4

pip install lxml

For Windows 7 & 8 users:

Windows 7 & 8 users need to ensure that the python environment gets installed first. Once, the environment is installed, open the command prompt and find the way to root C:/ directory and type in the following commands:

easy_install BeautifulSoup4

easy_installlxml

Once the libraries are installed, it is time to write data scraping code.

Running Python:

Data scraping must be done for a distinct objective such as to scrape current stock of a retail store. First, a web browser is required to navigate the website that contains this data. After identifying the table, right click anywhere on it and then select inspect element from the dropdown menu list. This will cause a window to pop-up on the bottom or side of your screen displaying the website’s html code. The rankings appear in a table. You might need to scan through the HTML data until you find the line of code that highlights the table on the webpage.

Python offers some other alternatives for HTML scraping apart from BeautifulSoup. They include:

    Scrapy
    Scrapemark
    Mechanize

 Web scraping converts unstructured data from HTML code into structured form such as tabular data in an Excel worksheet. Web scraping can be done in many ways ranging from the use of Google Docs to programming languages. For people who do not have any programming knowledge or technical competencies, it is possible to acquire web data by using web scraping services that provide ready to use data from websites of your preference.

HTML Tags:

To perform web scraping, users must have a sound knowledge of HTML tags. It might help a lot to know that HTML links are defined using anchor tag i.e. <a> tag, “<a href=“http://…”>The link needs to be here </a>”. An HTML list comprises <ul> (unordered) and <ol> (ordered) list. The item of list starts with <li>.

HTML tables are defined with<Table>, row as <tr> and columns are divided into data as <td>;

    <!DOCTYPE html> : A HTML document starts with a document type declaration
    The main part of the HTML document in unformatted, plain text is defined by <body> and </body> tags
    The headings in HTML are defined using the heading tags from <h1> to <h5>
    Paragraphs are defined with the <p> tag in HTML
    An entire HTML document is contained between <html> and </html>

Using BeautifulSoup in Scraping:

While scraping a webpage using BeautifulSoup, the main concern is to identify the final objective. For instance, if you would like to extract a list from webpage, a step wise approach is required:

    First and foremost step is to import the required libraries:

 #import the library used to query a website

import urllib2

#specify the url wiki = “https://”

#Query the website and return the html to the variable ‘page’

page = urllib2.urlopen(wiki)

#import the Beautiful soup functions to parse the data returned from the website

from bs4 import BeautifulSoup

#Parse the html in the ‘page’ variable, and store it in Beautiful Soup format

soup = BeautifulSoup(page)

    Use function “prettify” to visualize nested structure of HTML page
    Working with Soup tags:

Soup<tag> is used for returning content between opening and closing tag including tag.

    In[30]:soup.title

 Out[30]:<title>List of Presidents in India till 2010 – Wikipedia, the free encyclopedia</title>

    soup.<tag>.string: Return string within given tag
    In [38]:soup.title.string
    Out[38]:u ‘List of Presidents in India and Brazil till 2010 in India – Wikipedia, the free encyclopedia’
    Find all the links within page’s <a> tags: Tag a link using tag “<a>”. So, go with option soup.a and it should return the links available in the web page. Let’s do it.
    In [40]:soup.a

Out[40]:<a id=”top”></a>

    Find the right table:

As a table to pull up information about Presidents in India and Brazil till 2010 is being searched for, identifying the right table first is important. Here’s a command to scrape information enclosed in all table tags.

all_tables= soup.find_all(‘table’)

Identify the right table by using attribute “class” of table needs to filter the right table. Thereafter, inspect the class name by right clicking on the required table of web page as follows:

    Inspect element
    Copy the class name or find the class name of right table from the last command’s output.

 right_table=soup.find(‘table’, class_=’wikitable sortable plainrowheaders’)

right_table

That’s how we can identify the right table.

    Extract the information to DataFrame: There is a need to iterate through each row (tr) and then assign each element of tr (td) to a variable and add it to a list. Let’s analyse the Table’s HTML structure of the table. (extract information for table heading <th>)

To access value of each element, there is a need to use “find(text=True)” option with each element.  Finally, there is data in dataframe.

There are various other ways to scrape data using “BeautifulSoup” that reduce manual efforts to collect data from web pages. Code written in BeautifulSoup is considered to be more robust than the regular expressions. The web scraping method we discussed use “BeautifulSoup” and “urllib2” libraries in Python. That was a brief beginner’s guide to start using Python for web scraping.

Source: https://www.promptcloud.com/blog/web-scraping-python-guide

How to use Web Content Extractor(WCE) as Email Scraper?

How to use Web Content Extractor(WCE) as Email Scraper?

Web Content Extractor is a great web scraping software developed by Newprosoft Team. The software has easy to use project wizard to create a scraping configuration and scrape data from websites.

One day I came to see the Visual Email Extractor which is also product of Newprosoft and similar to Web Content Extractor but it’s primary use is to scrape email addresses by crawling websites you feed to the scraper. I had noticed that with the little modification in Web Content Extractor project configuration you can use it same as Visual Email Extractor to extract email addresses.

In this post I will show you what configuration makes the Web Content Extractor to extract email addresses. I still recommend Visual Email Extractor as it has lot more features then extracting email using WCE.

Here are the configuration that makes WCE to Extract Emails.

Step 1 : Open Web Content Extractor and Create New Project and Click on Next.

Step 2:  Under Crawling Rules -> Advanced Rules Tab do the following settings

Crawling Level 1 Settings

Follow Links if link text equals:
*contact*; *feedback*; *support*; *about*

for 'Follow Links if link text equals' text box enter following values:
contact; feedback; support; about

for 'Do not Follow links if URL contains' text box enter following values:

google.; yahoo.; bing; msn.; altavista.; myspace.com; youtube.com; googleusercontent.com; =http; .jpg; .gif; .png; .bmp; .exe; .zip; .pdf;

Set 'Maximum Crawling Deapth' to 2

set 'Crawling Order' to Deapth First Crawling

Tick mark below below check boxes:

->Follow all internal links

  Crawling Level 2  Settings

set 'Follow links if link text equals' to below value

*contact*; *feedback*; *support*; *about*

set 'Follow links if url contains' text box to below value

contact; feedback; support; about

set 'DO NOT follow links if url contains' text box to below value

=http

Step 3 After doing above settings now click on Next  -> in Extraction Pattern window -> Click on Define ->  in Web Page Address (URL) give any URL where email is given.  and click on  + sign right of Date Fields to define scraping pattern.

Now inside HTML Structure selects HTML check box or Body check box which means for each page it will take whole page content to parse data.

Now last settings to extract emails from page using regular expression based email extraction function.  Open Predefined Script window and select ‘Extract_Email_Addresses‘ and click on OK. and if you have used page that contains email then in Script Result’ you will be able to see the harvested email.

Hope this will help you to use your Web Content Extractor as a Email Scraper.. Share your view in comment.

Source: http://webdata-scraping.com/use-web-content-extractor-as-email-scraper/

Web Scraping – A trending technique in data science!!!

Web Scraping – A trending technique in data science!!!

Web scraping as a market segment is trending to be an emerging technique in data science to become an integral part of many businesses – sometimes whole companies are formed based on web scraping. Web scraping and extraction of relevant data gives businesses an insight into market trends, competition, potential customers, business performance etc.  Now question is that “what is actually web scraping and where is it used???” Let us explore web scraping, web data extraction, web mining/data mining or screen scraping in details.

What is Web Scraping?

Web Data Scraping is a great technique of extracting unstructured data from the websites and transforming that data into structured data that can be stored and analyzed in a database. Web Scraping is also known as web data extraction, web data scraping, web harvesting or screen scraping.

What you can see on the web that can be extracted. Extracting targeted information from websites assists you to take effective decisions in your business.

Web scraping is a form of data mining. The overall goal of the web scraping process is to extract information from a websites and transform it into an understandable structure like spreadsheets, database or csv. Data like item pricing, stock pricing, different reports, market pricing, product details, business leads can be gathered via web scraping efforts.

There are countless uses and potential scenarios, either business oriented or non-profit. Public institutions, companies and organizations, entrepreneurs, professionals etc. generate an enormous amount of information/data every day.

Uses of Web Scraping:

The following are some of the uses of web scraping:

•     Collect data from real estate listing
•     Collecting retailer sites data on daily basis
•     Extracting offers and discounts from a website.
•     Scraping job posting.
•     Price monitoring with competitors.
•     Gathering leads from online business directories – directory scraping
•     Keywords research
•     Gathering targeted emails for email marketing – email scraping
•     And many more.

There are various techniques used for data gathering as listed below:

•     Human copy-and-paste – takes lot of time to finish when data is huge
•     Programming the Custom Web Scraper as per the needs.
•     Using Web Scraping Softwares available in market.

Are you in search of web data scraping expert or specialist. Then you are at right place. We are the team of web scraping experts who could easily extract data from website and further structure the unstructured useful data to uncover patterns, and help businesses for decision making that helps in increasing sales, cover a wide customer base and ultimately it leads to business towards growth and success.

We have got expertise in all the web scraping techniques, scraping data from ajax enabled complex websites, bypassing CAPTCHAs, forming anonymous http request etc in providing web scraping services.

Source: http://webdata-scraping.com/web-scraping-trending-technique-in-data-science/

Benefits of Ruby over Python & R for Web Scraping

Benefits of Ruby over Python & R for Web Scraping

In this data driven world, you need to be constantly vigilant, as information and key data for an organization keeps changing all the while. If you get the right data at the right time in an efficient manner, you can stay ahead of competition. Hence, web scraping is an essential way of getting the right data. This data is crucial for many organizations, and scraping technique will help them keep an eye on the data and get the information that will benefit them further.

Web scraping involves both crawling the web for data and extracting the data from the page. There are several languages which programmers prefer for web scraping, the top ones are Ruby, Python & R. Each language has its own pros and cons over the other, but if you want the best results and a smooth flow, Ruby is what you should be looking for.

Ruby is very good at production deployments and using Ruby, Redis & Chef have proven to be a great combination. String manipulation in Ruby is very easy because it is based on Perl syntax. Also, Ruby is great for analyzing web pages using  one of the very powerful gems called Nokogiri. Nokogiri is much easier to use as compared to other packages and libraries used by R and Python respectively. Nokogiri can deal with broken HTML / HTML fragments easily. Ruby also has many extensions, such as Sanitize and Loofah, that can help clean up broken HTML.

Python programmers widely use a library called Beautiful Soup for pulling data out of HTML & XML files. It works with your favorite parser to provide idiomatic ways of navigating, searching, and modifying the parse tree. It commonly saves programmers hours or days of work. R programmers have a new package called rvest that makes it easy to scrape data from html web pages, by libraries like beautiful soup. It is designed to work with magrittr so that you can express complex operations as elegant pipelines composed of simple, easily understood pieces.

To help you understand it more effectively, below is a comprehensive infographic for the same.

Ruby is far ahead of Python & R for cloud development and deployments.  The Ruby Bundler system is just great for managing and deploying packages from Github. Using Chef, you can start up and tear down nodes on EC2, at will, and monitor for failures,  scale up or down, reset your IP addresses, etc. Ruby also has great testing frameworks like Fakeweb and Capybara, making it almost trivial to build a great suite of unit tests and to include advanced features, like crawling  and scraping using webkit / selenium. 

The only disadvantage to Ruby is lack of machine learning and NLP toolkits, making it much harder to emulate the capacity of a tool like Pattern.  It can still be done, however, since most of the heavy lifting can be done asynchronously using Unix tools like liblinear or vowpal wabbit.

Conclusion

Each language has its plus point and you can pick the one which you are most comfortable with. But if you are looking for smooth web scraping experience, then Ruby is the best option. That has been our choice too for years at PromptCloud for the best web scraping results. If you have any further questions about this, then feel free to get in touch with us.

Source: https://www.promptcloud.com/blog/benefits-of-ruby-for-web-scraping

How Web Scraping can Help you Detect Weak spots in your Business

How Web Scraping can Help you Detect Weak spots in your Business

Business intelligence is not a new term. Businesses have always been employing experts for analysing the progress, market and industry trends to keep their growth graph going up. Now that we have big data and the tool to gather this data – Web scraping, business intelligence has become even more fruitful. In fact, business intelligence has become a necessary thing to survive now that the competition is fierce in every industry. This is the reason why most enterprises depend on web scraping solutions to gather the data relevant to their businesses. This data is highly insightful and dependable enough to make critical business decisions. Business intelligence from web scraping is definitely a game changer for companies as it can supply relevant and actionable data with minimal effort.

Most businesses have weak spots that are being overlooked or hidden from the plain sight. These weak spots, if left unnoticed can gradually result in the downfall of your company. Here is how you can use data acquired through web scraping to detect weak spots in your business and strengthen them.

Competitor analysis

Many a times, you can find out the flaws in your business by keeping a close watch on your competitors. Competitor analysis is something that we owe to web scraping as the level of competitive intelligence that you can derive from web scraping has never been achievable in the past. With crawling forums and social media sites where your target audience is, you can easily find out if your competitor is leveraging something you have overlooked. Competitor analysis is all about staying updated to each and every action by your competitors, so that you can always be prepared for their next strategic move. If your competitors are doing better than you, this data can be used to make a comparison between your business and theirs which would give you insights on where you lack.

Brand monitoring on Social media

With social media platforms acting like platforms where businesses and customers can interact with each other, the data available on these sites are increasingly becoming relevant to businesses. Any issues in your business operations will also reflect on your customer sentiments. Social media is a goldmine of sentiment data that can help you detect issues within your company. By analysing the posts that mention your brand or product on social media sites, you can identify what department of your company is functioning well and what isn’t.

For example, if you are an Ecommerce portal and many users are complaining about delivery issues from your company on social media, you might want to switch to a better logistics partner who does a better job. The ability to identify such issues at the earliest is extremely important and that’s where web scraping becomes a life saver. With social media scraping, monitoring your brand on social media is easy like never before and the chances of minor issues escalating to bigger ones is almost non-existent. Brand monitoring is extremely crucial if you are a business operating in the online space. Social media scraping solutions are provided by many leading web scraping companies, which totally eliminates the technical complications associated with the process for you.

Finding untapped opportunities

There are always new and untapped markets and opportunities that are relevant to your business. Finding them is not going to be an easy task with manual and outdated methods of research. Web scraping can fill this gap and help you find opportunities that your company can make use of to leverage your reach and progress. Sometimes, targeting the right audience makes all the difference that you’ve been trying to make. By using web crawling to find mentions of your relevant keywords on the web, you can easily stay updated on your niche and fill in to any new untapped markets. Web crawling for keywords is better explained in our previous blog.

Bottom line

It is not a cakewalk to stay ahead in the competition considering how competitive every industry has become in this digital age. It is crucial to find the weak spots and untapped opportunities of your business before someone else does. Of course, you can always use some help from the technology when you need it. Web scraping is clearly the best way to find and gather data that would help you figure these out. With web crawling solutions that can completely take care of this niche process, nothing is stopping you from using the data and insights that the web has in stock for your business.

Source: https://www.promptcloud.com/blog/web-scraping-detect-weak-spots-business

How Web Data Extraction Services Will Save Your Time and Money by Automatic Data Collection

How Web Data Extraction Services Will Save Your Time and Money by Automatic Data Collection

Data scrape is the process of extracting data from web by using software program from proven website only. Extracted data any one can use for any purposes as per the desires in various industries as the web having every important data of the world. We provide best of the web data extracting software. We have the expertise and one of kind knowledge in web data extraction, image scrapping, screen scrapping, email extract services, data mining, web grabbing.

Who can use Data Scraping Services?

Data scraping and extraction services can be used by any organization, company, or any firm who would like to have a data from particular industry, data of targeted customer, particular company, or anything which is available on net like data of email id, website name, search term or anything which is available on web. Most of time a marketing company like to use data scraping and data extraction services to do marketing for a particular product in certain industry and to reach the targeted customer for example if X company like to contact a restaurant of California city, so our software can extract the data of restaurant of California city and a marketing company can use this data to market their restaurant kind of product. MLM and Network marketing company also use data extraction and data scrapping services to to find a new customer by extracting data of certain prospective customer and can contact customer by telephone, sending a postcard, email marketing, and this way they build their huge network and build large group for their own product and company.

We helped many companies to find particular data as per their need for example.

Web Data Extraction

Web pages are built using text-based mark-up languages (HTML and XHTML), and frequently contain a wealth of useful data in text form. However, most web pages are designed for human end-users and not for ease of automated use. Because of this, tool kits that scrape web content were created. A web scraper is an API to extract data from a web site. We help you to create a kind of API which helps you to scrape data as per your need. We provide quality and affordable web Data Extraction application

Data Collection

Normally, data transfer between programs is accomplished using info structures suited for automated processing by computers, not people. Such interchange formats and protocols are typically rigidly structured, well-documented, easily parsed, and keep ambiguity to a minimum. Very often, these transmissions are not human-readable at all. That's why the key element that distinguishes data scraping from regular parsing is that the output being scraped was intended for display to an end-user.

Email Extractor

A tool which helps you to extract the email ids from any reliable sources automatically that is called a email extractor. It basically services the function of collecting business contacts from various web pages, HTML files, text files or any other format without duplicates email ids.

Screen scrapping

Screen scraping referred to the practice of reading text information from a computer display terminal's screen and collecting visual data from a source, instead of parsing data as in web scraping.

Data Mining Services

Data Mining Services is the process of extracting patterns from information. Datamining is becoming an increasingly important tool to transform the data into information. Any format including MS excels, CSV, HTML and many such formats according to your requirements.

Web spider

A Web spider is a computer program that browses the World Wide Web in a methodical, automated manner or in an orderly fashion. Many sites, in particular search engines, use spidering as a means of providing up-to-date data.

Web Grabber

Web grabber is just a other name of the data scraping or data extraction.

Web Bot

Web Bot is software program that is claimed to be able to predict future events by tracking keywords entered on the Internet. Web bot software is the best program to pull out articles, blog, relevant website content and many such website related data We have worked with many clients for data extracting, data scrapping and data mining they are really happy with our services we provide very quality services and make your work data work very easy and automatic.

Source: http://ezinearticles.com/?How-Web-Data-Extraction-Services-Will-Save-Your-Time-and-Money-by-Automatic-Data-Collection&id=5159023

Getting Data from the Web

Getting Data from the Web

You’ve tried everything else, and you haven’t managed to get your hands on the data you want. You’ve found the data on the web, but, alas — no download options are available and copy-paste has failed you. Fear not, there may still be a way to get the data out. For example you can:

Get data from web-based APIs, such as interfaces provided by online databases and many modern web applications (including Twitter, Facebook and many others). This is a fantastic way to access government or commercial data, as well as data from social media sites.

Extract data from PDFs. This is very difficult, as PDF is a language for printers and does not retain much information on the structure of the data that is displayed within a document. Extracting information from PDFs is beyond the scope of this book, but there are some tools and tutorials that may help you do it.

Screen scrape web sites. During screen scraping, you’re extracting structured content from a normal web page with the help of a scraping utility or by writing a small piece of code. While this method is very powerful and can be used in many places, it requires a bit of understanding about how the web works.

With all those great technical options, don’t forget the simple options: often it is worth to spend some time searching for a file with machine-readable data or to call the institution which is holding the data you want.

In this chapter we walk through a very basic example of scraping data from an HTML web page.
What is machine-readable data?

The goal for most of these methods is to get access to machine-readable data. Machine readable data is created for processing by a computer, instead of the presentation to a human user. The structure of such data relates to contained information, and not the way it is displayed eventually. Examples of easily machine-readable formats include CSV, XML, JSON and Excel files, while formats like Word documents, HTML pages and PDF files are more concerned with the visual layout of the information. PDF for example is a language which talks directly to your printer, it’s concerned with position of lines and dots on a page, rather than distinguishable characters.
Scraping web sites: what for?

Everyone has done this: you go to a web site, see an interesting table and try to copy it over to Excel so you can add some numbers up or store it for later. Yet this often does not really work, or the information you want is spread across a large number of web sites. Copying by hand can quickly become very tedious, so it makes sense to use a bit of code to do it.

The advantage of scraping is that you can do it with virtually any web site — from weather forecasts to government spending, even if that site does not have an API for raw data access.
What you can and cannot scrape

There are, of course, limits to what can be scraped. Some factors that make it harder to scrape a site include:

Badly formatted HTML code with little or no structural information e.g. older government websites.

Authentication systems that are supposed to prevent automatic access e.g. CAPTCHA codes and paywalls.

Session-based systems that use browser cookies to keep track of what the user has been doing.

A lack of complete item listings and possibilities for wildcard search.

Blocking of bulk access by the server administrators.

Another set of limitations are legal barriers: some countries recognize database rights, which may limit your right to re-use information that has been published online. Sometimes, you can choose to ignore the license and do it anyway — depending on your jurisdiction, you may have special rights as a journalist. Scraping freely available Government data should be fine, but you may wish to double check before you publish. Commercial organizations — and certain NGOs — react with less tolerance and may try to claim that you’re “sabotaging” their systems. Other information may infringe the privacy of individuals and thereby violate data privacy laws or professional ethics.
Tools that help you scrape

There are many programs that can be used to extract bulk information from a web site, including browser extensions and some web services. Depending on your browser, tools like Readability (which helps extract text from a page) or DownThemAll (which allows you to download many files at once) will help you automate some tedious tasks, while Chrome’s Scraper extension was explicitly built to extract tables from web sites. Developer extensions like FireBug (for Firefox, the same thing is already included in Chrome, Safari and IE) let you track exactly how a web site is structured and what communications happen between your browser and the server.

ScraperWiki is a web site that allows you to code scrapers in a number of different programming languages, including Python, Ruby and PHP. If you want to get started with scraping without the hassle of setting up a programming environment on your computer, this is the way to go. Other web services, such as Google Spreadsheets and Yahoo! Pipes also allow you to perform some extraction from other web sites.
How does a web scraper work?

Web scrapers are usually small pieces of code written in a programming language such as Python, Ruby or PHP. Choosing the right language is largely a question of which community you have access to: if there is someone in your newsroom or city already working with one of these languages, then it makes sense to adopt the same language.

While some of the click-and-point scraping tools mentioned before may be helpful to get started, the real complexity involved in scraping a web site is in addressing the right pages and the right elements within these pages to extract the desired information. These tasks aren’t about programming, but understanding the structure of the web site and database.

When displaying a web site, your browser will almost always make use of two technologies: HTTP is a way for it to communicate with the server and to request specific resource, such as documents, images or videos. HTML is the language in which web sites are composed.
The anatomy of a web page

Any HTML page is structured as a hierarchy of boxes (which are defined by HTML “tags”). A large box will contain many smaller ones — for example a table that has many smaller divisions: rows and cells. There are many types of tags that perform different functions — some produce boxes, others tables, images or links. Tags can also have additional properties (e.g. they can be unique identifiers) and can belong to groups called ‘classes’, which makes it possible to target and capture individual elements within a document. Selecting the appropriate elements this way and extracting their content is the key to writing a scraper.

Viewing the elements in a web page: everything can be broken up into boxes within boxes.

To scrape web pages, you’ll need to learn a bit about the different types of elements that can be in an HTML document. For example, the <table> element wraps a whole table, which has <tr> (table row) elements for its rows, which in turn contain <td> (table data) for each cell. The most common element type you will encounter is <div>, which can basically mean any block of content. The easiest way to get a feel for these elements is by using the developer toolbar in your browser: they will allow you to hover over any part of a web page and see what the underlying code is.

Tags work like book ends, marking the start and the end of a unit. For example <em> signifies the start of an italicized or emphasized piece of text and </em> signifies the end of that section. Easy.

An example: scraping nuclear incidents with Python

NEWS is the International Atomic Energy Agency’s (IAEA) portal on world-wide radiation incidents (and a strong contender for membership in the Weird Title Club!). The web page lists incidents in a simple, blog-like site that can be easily scraped.

To start, create a new Python scraper on ScraperWiki and you will be presented with a text area that is mostly empty, except for some scaffolding code. In another browser window, open the IAEA site and open the developer toolbar in your browser. In the “Elements” view, try to find the HTML element for one of the news item titles. Your browser’s developer toolbar helps you connect elements on the web page with the underlying HTML code.

Investigating this page will reveal that the titles are <h4> elements within a <table>. Each event is a <tr> row, which also contains a description and a date. If we want to extract the titles of all events, we should find a way to select each row in the table sequentially, while fetching all the text within the title elements.

In order to turn this process into code, we need to make ourselves aware of all the steps involved. To get a feeling for the kind of steps required, let’s play a simple game: In your ScraperWiki window, try to write up individual instructions for yourself, for each thing you are going to do while writing this scraper, like steps in a recipe (prefix each line with a hash sign to tell Python that this not real computer code). For example:

  # Look for all rows in the table
  # Unicorn must not overflow on left side.

Try to be as precise as you can and don’t assume that the program knows anything about the page you’re attempting to scrape.

Once you’ve written down some pseudo-code, let’s compare this to the essential code for our first scraper:

  import scraperwiki
  from lxml import html

In this first section, we’re importing existing functionality from libraries — snippets of pre-written code. scraperwiki will give us the ability to download web sites, while lxml is a tool for the structured analysis of HTML documents. Good news: if you are writing a Python scraper with ScraperWiki, these two lines will always be the same.

  url = "http://www-news.iaea.org/EventList.aspx"
  doc_text = scraperwiki.scrape(url)
  doc = html.fromstring(doc_text)

Next, the code makes a name (variable): url, and assigns the URL of the IAEA page as its value. This tells the scraper that this thing exists and we want to pay attention to it. Note that the URL itself is in quotes as it is not part of the program code but a string, a sequence of characters.

We then use the url variable as input to a function, scraperwiki.scrape. A function will provide some defined job — in this case it’ll download a web page. When it’s finished, it’ll assign its output to another variable, doc_text. doc_text will now hold the actual text of the website — not the visual form you see in your browser, but the source code, including all the tags. Since this form is not very easy to parse, we’ll use another function, html.fromstring, to generate a special representation where we can easily address elements, the so-called document object model (DOM).

  for row in doc.cssselect("#tblEvents tr"):
  link_in_header = row.cssselect("h4 a").pop()
  event_title = link_in_header.text
  print event_title

In this final step, we use the DOM to find each row in our table and extract the event’s title from its header. Two new concepts are used: the for loop and element selection (.cssselect). The for loop essentially does what its name implies; it will traverse a list of items, assigning each a temporary alias (row in this case) and then run any indented instructions for each item.

The other new concept, element selection, is making use of a special language to find elements in the document. CSS selectors are normally used to add layout information to HTML elements and can be used to precisely pick an element out of a page. In this case (Line. 6) we’re selecting #tblEvents tr which will match each <tr> within the table element with the ID tblEvents (the hash simply signifies ID). Note that this will return a list of <tr> elements.

As can be seen on the next line (Line. 7), where we’re applying another selector to find any <a> (which is a hyperlink) within a <h4> (a title). Here we only want to look at a single element (there’s just one title per row), so we have to pop it off the top of the list returned by our selector with the .pop() function.

Note that some elements in the DOM contain actual text, i.e. text that is not part of any markup language, which we can access using the [element].text syntax seen on line 8. Finally, in line 9, we’re printing that text to the ScraperWiki console. If you hit run in your scraper, the smaller window should now start listing the event’s names from the IAEA web site.

  figs/incoming/04-DD.png
  Figure 58. A scraper in action (ScraperWiki)

You can now see a basic scraper operating: it downloads the web page, transforms it into the DOM form and then allows you to pick and extract certain content. Given this skeleton, you can try and solve some of the remaining problems using the ScraperWiki and Python documentation:

Can you find the address for the link in each event’s title?

Can you select the small box that contains the date and place by using its CSS class name and extract the element’s text?

ScraperWiki offers a small database to each scraper so you can store the results; copy the relevant example from their docs and adapt it so it will save the event titles, links and dates.

The event list has many pages; can you scrape multiple pages to get historic events as well?

As you’re trying to solve these challenges, have a look around ScraperWiki: there are many useful examples in the existing scrapers — and quite often, the data is pretty exciting, too. This way, you don’t need to start off your scraper from scratch: just choose one that is similar, fork it and adapt to your problem.

Source: http://datajournalismhandbook.org/1.0/en/getting_data_3.html

Are You Screen Scraping or Data Mining?

Are You Screen Scraping or Data Mining?

Many of us seem to use these terms interchangeably but let’s make sure we are clear about the differences that make each of these approaches different from the other.

Basically, screen scraping is a process where you use a computer program or software to extract information from a website.  This is different than crawling, searching or mining a site because you are not indexing everything on the page – a screen scraper simply extracts precise information selected by the user.  Screen scraping is a useful application when you want to do real-time, price and product comparisons, archive web pages, or acquire data sets that you want to evaluate or filter.

When you perform screen scraping, you are able to scrape data more directly and, you can automate the process if you are using the right solution. Different types of screen scraping services and solutions offer different ways of obtaining information. Some look directly at the html code of the webpage to grab the data while others use more advanced, visual abstraction techniques that can often avoid “breakage” errors when the web source experiences a programming or code change.

On the other hand, data mining is basically the process of automatically searching large amounts of information and data for patterns. This means that you already have the information and what you really need to do is analyze the contents to find the useful things you need. This is very different from screen scraping as screen scraping requires you to look for the data, collect it and then you can analyze it.

Data mining also involves a lot of complicated algorithms often based on various statistical methods. This process has nothing to do with how you obtain the data. All it cares about is analyzing what is available for evaluation.

Screen scraping is often mistaken for data mining when, in fact, these are two different things. Today, there are online services that offer screen scraping. Depending on what you need, you can have it custom tailored to meet your specific needs and perform precisely the tasks you want. But screen scraping does not guarantee any kind of analysis of the data.

Source: http://www.connotate.com/are-you-screen-scraping-or-data-mining/

Tips for scraping business directories

Tips for scraping business directories

Are you looking to scrape business directories to generate leads?

Here are a few tips for scraping business directories.

Web scraping is not rocket science. But there are good and bad and worst ways of doing it.

Generating sales qualified leads is always a headache. The old school ways are to buy a list from sites like Data.com. But they are quite expensive.

Scraping business directories can help generate sales qualified leads. The following tips can help you scrape data from business directories efficiently.

1) Choose a good framework to write the web scrapers. This can help save a lot of time and trouble. Python Scrapy is our favourite, but there are other non-pythonic frameworks too.

2) The business directories might be having anti-scraping mechanisms. You have to use IP rotating services to do the scrape. Using IP rotating services, crawl with multiple changing IP addresses which can cover your tracks.

3) Some sites really don’t want you to scrape and they will block the bot. In these cases, you may need to disguise your web scraper as a human being. Browser automation tools like selenium can help you do this.

4) Web sites will update their data quite often. The scraper bot should be able to update the data according to the changes. This is a hard task and you need professional services to do that.

One of the easiest ways to generate leads is to scrape from business directories and use enrich them. We made Leadintel for lead research and enrichment.

Source: http://blog.datahut.co/tips-for-scraping-business-directories/

Data Scraping – Will Definitely Benefit a Business Startup

With increasingly data shared using internet, the data collected as well as the usage cases are increasing with an unbelievable pace. We’ve entered into the “Big Data” age and data scraping is among the resources to supply big data engines, the latest data for analytical analytics, contest monitoring, or just to steal the data.

From the technology viewpoint, competent data scraping is fairly complicated. It has many open-source projects that allow anybody to run a web data scraper through him. Nevertheless it’s the entire different story while it needs to be an interior of the business as well as that you require not only maintaining your scrapers but also scaling them as well as extract the data smartly as you need.

That is the reason why different services are selling the “data scraping” as service. Their work is taking care about all the technical characteristics so that you can have the data required without any industrial knowledge. Fundamentally all these startups pay attention for collecting the data and then extract its value for selling it to the customers.

Let’s take some examples:

• Sales Intelligence – The scrapers monitor competitors, marketplaces, online directories, and data from the public markets to discover leads. For instance, some tool’s track websites that drop or add JavaScript tags from the competitors therefore you can call them as eligible leads.
• Price Intelligence – A very ordinary use is the price monitoring. If this is in with e-commerce, travel, or property industry monitoring competitors’ prices as well as adjusting yours consequently is generally the key. All these services monitor the prices and using the analytical algorithms they may provide you advice about where the puck can be.
• Marketing – Data scraping may also be used for monitoring how the competitors are doing. From the reviews they have on the marketplaces to get coverage as well as financially published data one can find out a lot. Concerned about marketing, there is a development hacking class which teaches how to use scraping for the marketing objectives.

Finance intelligence, economic intelligence, etc have more and more financial, political, and economical data accessible online with the newer type of services that collect and add up of that, are increasing.

Let’s go through some points concerned with the market:

• It’s tough to evaluate how huge the data scraping market is as this is with the intersection of many big industries like sales, IT security, finance and marketing intelligence. This method is certainly a small part of all these industries however is expected to increase in the coming years.
• It’s a secured bet to indicate that increasingly SaaS will get pioneering applications for the web data scraping as well as progressively startups will use data scraping services from the safety viewpoint.
• As all the startups are generally entering huge markets using niche products / approaches (web data scraping isn’t a solution of everything, it’s more like a feature) they are expected to be obtained by superior players (within the safety, sales, or marketing tools industries). The technological barriers are also there.

Source URL : http://www.3idatascraping.com/data-scraping-will-definitely-benefit-a-business-startup.php

ECJ clarifies Database Directive scope in screen scraping case

EC on the legal protection of databases (Database Directive) in a case concerning the extraction of data from a third party’s website by means of automated systems or software for commercial purposes (so called 'screen scraping').

Flight data extracted

The case, Ryanair Ltd vs. PR Aviation BV, C-30/14, is of interest to a range of companies such as price comparison websites. It stemmed from  Dutch company PR Aviation operation of a website where consumers can search through flight data of low-cost airlines  (including Ryanair), compare prices and, on payment of a commission, book a flight. The relevant flight data is extracted from third-parties’ websites by means of ‘screen scraping’ practices.

Ryanair claimed that PR Aviation’s activity:

• amounted to infringement of copyright (relating to the structure and architecture of the database) and of the so-called sui generis database right (i.e. the right granted to the ‘maker’ of the database where certain investments have been made to obtain, verify, or present the contents of a database) under the Netherlands law implementing the Database Directive;

• constituted breach of contract. In this respect, Ryanair claimed that a contract existed with PR Aviation for the use of its website. Access to the latter requires acceptance, by clicking a box, of the airline’s general terms and conditions which, amongst others, prohibit unauthorized ‘screen scraping’ practices for commercial purposes.

Ryanair asked Dutch courts to prohibit the infringement and order damages. In recent years the company has been engaged in several legal cases against web scrapers across Europe.

The Local Court, Utrecht, and the Court of Appeals of Amsterdam dismissed Ryanair’s claims on different grounds. The Court of Appeals, in particular, cited PR Aviation’s screen scraping of Ryanair’s website as amounting to a “normal use” of said website within the meaning of the lawful user exceptions under Sections 6 and 8 of the Database Directive, which cannot be derogated by contract (Section 15).

Ryanair appealed

Ryanair appealed the decision before the Netherlands Supreme Court (Hoge Raad der Nederlanden), which decided to refer the following question to the ECJ for a preliminary ruling: “Does the application of [Directive 96/9] also extend to online databases which are not protected by copyright on the basis of Chapter II of said directive or by a sui generis right on the basis of Chapter III, in the sense that the freedom to use such databases through the (whether or not analogous) application of Article[s] 6(1) and 8, in conjunction with Article 15 [of Directive 96/9] may not be limited contractually?.”

The ECJ’s ruling

The ECJ (without the need of the opinion of the advocate general) ruled that the Database Directive is not applicable to databases which are not protected either by copyright or by the sui generis database right. Therefore, exceptions to restricted acts set forth by Sections 6 and 8 of the Directive do not prevent the database owner from establishing contractual limitations on its use by third parties. In other words, restrictions to the freedom to contract set forth by the Database Directive do not apply in cases of unprotected databases. Whether Ryanair’s website may be entitled to copyright or sui generis database right protection needs to be determined by the competent national court.

The ECJ’s decision is not particularly striking from a legal standpoint. Yet, it could have a significant impact on the business model of price comparison websites, aggregators, and similar businesses. Owners of databases that could not rely on intellectual property protection may contractually prevent extraction and use (“scraping”) of content from their online databases. Thus, unprotected databases could receive greater protection than the one granted by IP law.

Antitrust implications

However, the lawfulness of contractual restrictions prohibiting access and reuse of data through screen scraping practices should be assessed under an antitrust perspective. In this respect, in 2013 the Court of Milan ruled that Ryanair’s refusal to grant access to its database to the online travel agency Viaggiare S.r.l. amounted to an abuse of dominant position in the downstream market of information and intermediation on flights (decision of June 4, 2013 Viaggiare S.r.l. vs Ryanair Ltd). Indeed, a balance should be struck between the need to compensate the efforts and investments made by the creator of the database with the interest of third parties to be granted with access to information (especially in those cases where the latter are not entitled to copyright protection).

Additionally, web scraping triggers other issues which have not been considered by the ECJ’s ruling. These include, but are not limited to trademark law (i.e., whether the use of a company’s names/logos by the web scraper without consent may amount to trademark infringement), data protection (e.g., in case the scraping involves personal data), or unfair competition.


Source URL :http://yellowpagesdatascraping.blogspot.in/2015/07/ecj-clarifies-database-directive-scope.html

An Easy Way For Data Extraction

There are so many data scraping tools are available in internet. With these tools you can you download large amount of data without any stress. From the past decade, the internet revolution has made the entire world as an information center. You can obtain any type of information from the internet. However, if you want any particular information on one task, you need search more websites. If you are interested in download all the information from the websites, you need to copy the information and pate in your documents. It seems a little bit hectic work for everyone. With these scraping tools, you can save your time, money and it reduces manual work.

The Web data extraction tool will extract the data from the HTML pages of the different websites and compares the data. Every day, there are so many websites are hosting in internet. It is not possible to see all the websites in a single day. With these data mining tool, you are able to view all the web pages in internet. If you are using a wide range of applications, these scraping tools are very much useful to you.

The data extraction software tool is used to compare the structured data in internet. There are so many search engines in internet will help you to find a website on a particular issue. The data in different sites is appears in different styles. This scraping expert will help you to compare the date in different site and structures the data for records.

And the web crawler software tool is used to index the web pages in the internet; it will move the data from internet to your hard disk. With this work, you can browse the internet much faster when connected. And the important use of this tool is if you are trying to download the data from internet in off peak hours. It will take a lot of time to download. However, with this tool you can download any data from internet at fast rate.There is another tool for business person is called email extractor. With this toll, you can easily target the customers email addresses. You can send advertisement for your product to the targeted customers at any time. This the best tool to find the database of the customers.

 Source  URL : http://ezinearticles.com/?An-Easy-Way-For-Data-Extraction&id=3517104