Using parsing and data analysis to monitor competitors' prices and find new market opportunities.
Parsing: Extracting profit from data
Parsing is the automatic collection of information from open sources. For business, it is a way to always know competitors' prices, product availability, and market trends without human involvement.
Where is it useful?
- Dynamic pricing in online stores.
- Collecting leads from social networks and classified ad boards.
- Monitoring brand mentions in the media.