Data Mining and Financial Data Analysis

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.


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Data Discovery vs. Data Extraction

Looking at screen-scraping at a simplified level, there are two primary stages involved: data discovery and data extraction. Data discovery deals with navigating a web site to arrive at the pages containing the data you want, and data extraction deals with actually pulling that data off of those pages. Generally when people think of screen-scraping they focus on the data extraction portion of the process, but my experience has been that data discovery is often the more difficult of the two.

The data discovery step in screen-scraping might be as simple as requesting a single URL. For example, you might just need to go to the home page of a site and extract out the latest news headlines. On the other side of the spectrum, data discovery may involve logging in to a web site, traversing a series of pages in order to get needed cookies, submitting a POST request on a search form, traversing through search results pages, and finally following all of the "details" links within the search results pages to get to the data you're actually after. In cases of the former a simple Perl script would often work just fine. For anything much more complex than that, though, a commercial screen-scraping tool can be an incredible time-saver. Especially for sites that require logging in, writing code to handle screen-scraping can be a nightmare when it comes to dealing with cookies and such.

In the data extraction phase you've already arrived at the page containing the data you're interested in, and you now need to pull it out of the HTML. Traditionally this has typically involved creating a series of regular expressions that match the pieces of the page you want (e.g., URL's and link titles). Regular expressions can be a bit complex to deal with, so most screen-scraping applications will hide these details from you, even though they may use regular expressions behind the scenes.

As an addendum, I should probably mention a third phase that is often ignored, and that is, what do you do with the data once you've extracted it? Common examples include writing the data to a CSV or XML file, or saving it to a database. In the case of a live web site you might even scrape the information and display it in the user's web browser in real-time. When shopping around for a screen-scraping tool you should make sure that it gives you the flexibility you need to work with the data once it's been extracted.


Source: http://ezinearticles.com/?Data-Discovery-vs.-Data-Extraction&id=165396

Basics of Online Web Research, Web Mining & Data Extraction Services

The evolution of the World Wide Web and Search engines has brought the abundant and ever growing pile of data and information on our finger tips. It has now become a popular and important resource for doing information research and analysis.

Today, Web research services are becoming more and more complicated. It involves various factors such as business intelligence and web interaction to deliver desired results.

Web Researchers can retrieve web data using search engines (keyword queries) or browsing specific web resources. However, these methods are not effective. Keyword search gives a large chunk of irrelevant data. Since each webpage contains several outbound links it is difficult to extract data by browsing too.

Web mining is classified into web content mining, web usage mining and web structure mining. Content mining focuses on the search and retrieval of information from web. Usage mining extract and analyzes user behavior. Structure mining deals with the structure of hyperlinks.

Web mining services can be divided into three subtasks:

Information Retrieval (IR): The purpose of this subtask is to automatically find all relevant information and filter out irrelevant ones. It uses various Search engines such as Google, Yahoo, MSN, etc and other resources to find the required information.

Generalization: The goal of this subtask is to explore users' interest using data extraction methods such as clustering and association rules. Since web data are dynamic and inaccurate, it is difficult to apply traditional data mining techniques directly on the raw data.

Data Validation (DV): It tries to uncover knowledge from the data provided by former tasks. Researcher can test various models, simulate them and finally validate given web information for consistency.


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Data Entry Services Make Organizational Functions A Smooth Process

Every organization aims at carrying out its daily processes with clockwork precision. The employees hired in various departments are all specialists in their jobs and the company hopes that the functions will be a smooth flowing process under the supervision and care of these professionals. However there are certain tasks that are mundane in nature but nonetheless are crucial to the existence and profit making capacity of the organization. Data entry of regular processes within the company is one such important aspect of every business. Any organization cannot function smoothly without the requisite data entered and processed accurately and efficiently. Employees are therefore hired to carry out the data entry services which enable the smooth functioning of the business.

Data entry services can be a time consuming task which requires diligent effort of the data entry staff. Each and every transaction needs to be recorded, processed and analyzed to enable the decision makers to have a clear picture of the actual standing of the company. A huge group of people are interested in the data of the company starting from the shareholders to the employees, creditors, consumers and the market in general. Data entry services therefore play a crucial role in determining the present and future of the business and hence this aspect is taken very seriously by every business. Data entry services are now being outsourced from reputed vendors to further simplify the requirements of every business.

Data entry services that are outsourced from vendors help the firm in saving crucial resources which are both human and financial. The data entry services vendor employs qualified professionals to carry out the data entry work for the client. This enables the client to reduce the manpower in the form of salaried staff that was earlier engaged in data entry operations for the firm. This not only leaves the manpower free to be employed in other crucial divisions but also saves on the salary that would otherwise have to be paid to the staff doing data entry services. The vendor generally charges less than what the firm would normally pay to a salaried staff for data entry services and hence it is a win-win situation for all involved.

The data that is collected, recorded, processed helps the company determine the current status of their financial records and the progress made so far. Some firms may not be requiring constant data entry services and for them it makes sense to hire vendors to do the job on a need basis. Meanwhile the firms with permanent data entry requirement can also benefit from a vendor providing regular and up to date data entry services. It would ensure that all information regarding the company data is available at the click of a mouse. Data entry services can be a boon for numerous companies which are dependent on the crucial records of every transaction that takes place within the organization. Now whether the company wants to hire in-house staff or a vendor to take care of data entry services is a matter of convenience and preference but the need for such services will always remain intact and keep growing with the time.


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Know What the Truth Behind Data Mining Outsourcing Service

We came to that, what we call the information age where industries are like useful data needed for decision-making, the creation of products - among other essential uses for business. Information mining and converting them to useful information is a part of this trend that allows companies to reach their optimum potential. However, many companies that do not meet even one deal with data mining question because they are simply overwhelmed with other important tasks. This is where data mining outsourcing comes in.

There have been many definitions to introduced, but it can be simply explained as a process that involves sorting through large amounts of raw data to extract valuable information needed by industries and enterprises in various fields. In most cases this is done by professionals, professional organizations and financial analysts. He has seen considerable growth in the number of sectors or groups that enter my self.
There are a number of reasons why there is a rapid growth in data mining outsourcing service subscriptions. Some of them are presented below:

A wide range of services

Many companies are turning to information mining outsourcing, because they cover a wide range of services. These services include, but are not limited to data from web applications congregation database, collect contact information from different sites, extract data from websites using the software, the sort of stories from sources news, information and accumulate commercial competitors.

Many companies fall

Many industries benefit because it is fast and realistic. The information extracted by data mining service providers of outsourcing used in crucial decisions in the field of direct marketing, e-commerce, customer relationship management, health, scientific tests and other experimental work, telecommunications, financial services, and a whole lot more.

A lot of advantages

Subscribe data mining outsourcing services it's offers many benefits, as providers assures customers to render services to world standards. They strive to work with improved technologies, scalability, sophisticated infrastructure, resources, timeliness, cost, the system safer for the security of information and increased market coverage.

Outsourcing allows companies to focus their core business and can improve overall productivity. Not surprisingly, information mining outsourcing has been a first choice of many companies - to propel the business to higher profits.



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Data Entry Services Are Meant To Ease Your Workload

Data entry services provided by the firms are growing very rapidly with a huge demand. It may sound that data entry is a simple task to do but it is not so simple and plays an important role in running a successful business. We all know that data and information related to any company is very crucial for them. Data are priceless for any firm, no-matter they are small or big. The companies provide you highly customized business solutions depending on your requirement.

The companies also provide various range of services for all kinds of textual data capturing from printed matter, manuscripts, and even web research. Very advanced technologies are used to convert large quantities of paper work and image based task to electronic data that is usable in database and in the management system. Any kind of data is very essential for an organization whether it is manual or electronic.

There are many companies that provide highly accurate data entry services with complete confidentiality and high level of accuracy. These services are undertaken by banks, retail organizations, medical research facilities, universities, insurance companies, newspapers, large corporate enterprises, direct marketing and database marketing firms, school and trade associations to make their organization a successful and profitable enterprise.

Outsourcing is a business strategy which is highly being used by businesses to take care of the data entry services. In fact, the process of outsourcing has made things simpler for business owners and the businesses are running successfully. The companies that are involved in outsourcing work do provide these services efficiently to those firms who are burdened with heavy workload. If you are running a business of your own and want to manage it properly and run smoothly, then all you need to do is to hire data entry services.

Availing the benefits of outsourcing works in the form of data entry services can prove tremendous for your company. If you outsource your extra burden of work to a company then in such case, you can make growth plans and strategies for your organization. The companies will console you about the high quality of services and the accuracy they provide for the business that needs data to be extracted from any source.

Data entry services is an information technology enabled services that provides you wide range of services. The professionals working for you are trained and extremely talented who are ready to provide you high end services with full dedication. Since, you are spending money for this, so you must take the best services and choose those companies who can cater to your needs according to you.

Data entry services is not a complex application but it's extremely time taking and this the main reason for a company that hires this service so that they can save their time and money. Every business has many more things to consider for their growth prospects and for this reason they don't want to waste their time and money in such stuffs. The professionals are especially trained according to the requirement of the work depending on how critical the work is. Hiring for this service is definitely a wise decision for your business prospects. These types of services will surely help you to make big profits in the business. The strategy and techniques applied to any business is the key to success.



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Business Intelligence Data Mining

Data mining can be technically defined as the automated extraction of hidden information from large databases for predictive analysis. In other words, it is the retrieval of useful information from large masses of data, which is also presented in an analyzed form for specific decision-making.

Data mining requires the use of mathematical algorithms and statistical techniques integrated with software tools. The final product is an easy-to-use software package that can be used even by non-mathematicians to effectively analyze the data they have. Data Mining is used in several applications like market research, consumer behavior, direct marketing, bioinformatics, genetics, text analysis, fraud detection, web site personalization, e-commerce, healthcare, customer relationship management, financial services and telecommunications.

Business intelligence data mining is used in market research, industry research, and for competitor analysis. It has applications in major industries like direct marketing, e-commerce, customer relationship management, healthcare, the oil and gas industry, scientific tests, genetics, telecommunications, financial services and utilities. BI uses various technologies like data mining, scorecarding, data warehouses, text mining, decision support systems, executive information systems, management information systems and geographic information systems for analyzing useful information for business decision making.

Business intelligence is a broader arena of decision-making that uses data mining as one of the tools. In fact, the use of data mining in BI makes the data more relevant in application. There are several kinds of data mining: text mining, web mining, social networks data mining, relational databases, pictorial data mining, audio data mining and video data mining, that are all used in business intelligence applications.

Some data mining tools used in BI are: decision trees, information gain, probability, probability density functions, Gaussians, maximum likelihood estimation, Gaussian Baves classification, cross-validation, neural networks, instance-based learning /case-based/ memory-based/non-parametric, regression algorithms, Bayesian networks, Gaussian mixture models, K-means and hierarchical clustering, Markov models and so on.


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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.


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Hey! Now What Is a Dynamic Website?

The content in a dynamic website offers a live user experience as content changes as per the action of users on the web page. Content like text, images, forms etc can change themselves as per users actions or preferences mentioned, in a live, real time way. The content is fetched from the database as per user's action and is displayed as per user preferences. This means that any web owner, with a little knowledge can update his website with the help of an easy to use, password protected administrator interface. Such web systems are useful for product catalog websites, e-commerce web, content managed websites, news website, and article websites and so on... The list is endless.

Do I need a dynamic website?
If you prefer to change the content in your website on a regular basis, you should get a dynamic website. If you manage an online e-commerce store, or a product catalog, then you can add, modify and remove products on your wish, without contacting your web development team. Also, if you are an article publisher or you need to update news in your website, you should have a dynamic website.

If you need a user log in system for the users of your website, a dynamic system is a must. Your users can then log in and use protected features of your website. The examples of such websites can vary from job sites, matrimonial web sites, dating web sites, trading websites and so on...

If you wish to present users with a real time information, on the basis of their input, as in the case of a quiz or an exam, or even a game. The users scores would get calculated automatically lead him to relevant section of the web. Most classifieds and advertising sites also work on the dynamic systems in their sites. If you need the users to place ads in your site, you would use a dynamic web site.

Dynamic web sites are great tools to leverage business profits by providing users the content they desire and need. A properly developed dynamic data driven web site can enhance your business and let you harvest rich profits from the internet. They also help you understand how the users reacts to multiple sets of content and what you need to improve and change in your web site.

Where can I get my dynamic web site developed?
While most web development companies claim to develop great dynamic web sites, you should prefer to work with the most experienced ones. You should prefer to go for custom web development instead of re-using of ready made dynamic systems because they offer exactly what you need in your web site.



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Data Recovery Services - Be Wary of Cheap Prices

Data recovery is a specialized, complicated process. Proper hard drive recovery can require manipulation of data at the sector level, transplantation of internal components and various other procedures. These techniques are very involved and require not only talented, knowledgeable technicians, but also an extensive inventory of disk drives to use for parts when necessary and clean facilities to conduct the work.

Unfortunately these factors mean that, in most cases, recovery services are quite expensive. Technician training, hard drive inventories and special equipment all come with a cost.

If you search for disk recovery services, you will likely find several smaller companies that offer hard disk data recovery for a fraction of the prices usually quoted by larger, more experienced organizations. These companies often operate from small offices or, in some cases, private homes. They do not possess clean room facilities, large disk drive inventories or many other pieces of equipment necessary to successfully complete most hard drive recovery cases.

When you take into account all of the training, parts and facilities necessary, you can see how it is impossible for a company to charge $200 for a hard drive recovery and not operate at a loss.

What these companies usually do is run a software program on the hard disk drive. Sometimes, if there is no physical damage to the disk drive, this program is able to recover some of the data. However, hard disk data recovery is much more than just running software. No software can recover data from a hard drive that has failed heads, damaged platters or electrical damage. In fact, attempting to run a hard drive that is physically damaged can make the problem worse. Trying to use software to recover data from a hard drive with failed read/write heads, for example, can lead to the heads scraping the platters of the drive and leaving the data unrecoverable.

Another way these smaller companies conduct business is by forwarding data recovery cases they cannot recover to larger organizations. Of course, the smaller companies charge their clients a premium for this service. In these cases it would have actually been cheaper to use the larger company in the first place.

You will also likely find that many smaller recovery companies charge evaluation or diagnostic fees upfront. They charge these fees regardless of whether or not any data is recovered. In many cases clients desperate to recover their data pay these fees and get nothing in return but a failed recovery. Smaller data recovery services simply do not have the skills, training, facilities and parts to successfully recover most disk drives. It is more cost efficient for them to make one attempt at running a software program and then call the case unsuccessful.

Sometimes you may get lucky working with a smaller data recovery company, but in most cases you will end up paying for a failed recovery. In the worst case scenario you could end up with a damaged hard drive that is now unrecoverable by any data recovery service.

You will waste time and money working with these services. You could even lose your valuable data for good.

If your data is important enough to consider data recovery, it is important enough to seek a reputable, skilled data recovery company. All major data recovery services offer free evaluations and most do not charge clients for unsuccessful recoveries. Sometimes you only have one shot to recover data on a disk drive before the platters are seriously damaged and the data is lost for good. Taking chances with inexperienced companies is not worth the risk.


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Basics of Online Web Research, Web Mining & Data Extraction Services

The evolution of the World Wide Web and Search engines has brought the abundant and ever growing pile of data and information on our finger tips. It has now become a popular and important resource for doing information research and analysis.

Today, Web research services are becoming more and more complicated. It involves various factors such as business intelligence and web interaction to deliver desired results.

Web Researchers can retrieve web data using search engines (keyword queries) or browsing specific web resources. However, these methods are not effective. Keyword search gives a large chunk of irrelevant data. Since each webpage contains several outbound links it is difficult to extract data by browsing too.

Web mining is classified into web content mining, web usage mining and web structure mining. Content mining focuses on the search and retrieval of information from web. Usage mining extract and analyzes user behavior. Structure mining deals with the structure of hyperlinks.

Web mining services can be divided into three subtasks:

Information Retrieval (IR): The purpose of this subtask is to automatically find all relevant information and filter out irrelevant ones. It uses various Search engines such as Google, Yahoo, MSN, etc and other resources to find the required information.

Generalization: The goal of this subtask is to explore users' interest using data extraction methods such as clustering and association rules. Since web data are dynamic and inaccurate, it is difficult to apply traditional data mining techniques directly on the raw data.

Data Validation (DV): It tries to uncover knowledge from the data provided by former tasks. Researcher can test various models, simulate them and finally validate given web information for consistency.

Should you have any queries regarding Web research or Data mining applications, please feel free to contact us. We would be pleased to answer each of your queries in detail. Find more information at http://www.outsourcingwebresearch.com


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Web Scraping Evolved: APIs for Turning Webpage Content into Valuable Data

This guest post comes from Marc Mezzacca, founder of NextGen Shopping, a company dedicated to creating innovative shopping mashups.    Marc’s latest venture is a social-media based coupon code website called CouponFollow that utilizes the Twitter API.

While the rates in adoption of semantic standards are increasing, the majority of the web is still home to mostly unstructured data.  Search engines, like Google, remain focused on looking at the HTML markup for clues to create richer results for their users.  The creation of schema.org and similar movements has aided in the progression of the ability draw valuable content from webpages.

But even with semantic standards in place, structured data requires a parser to extract information and convert it into a data-interchange format, namely JSON or XML.  Many libraries exist for this, and in several popular coding languages.  But be warned, most of these parser libraries are far from polished.  Most are community-produced, and thus may not be complete or up to date, as standards are ever changing.  On the flip side, website owners whom don’t fully follow semantic rules, can break the parser.  And of course there are sites which contain no structured data formatting at all.   This inconsistency causes problems for intelligent data harvesting, and can be a roadblock for new business ideas and startups.

Several companies are offering an API service to make sense of this unstructured data, helping to remove these roadblocks.  For example, AlchemyAPI offers a suite of data extraction APIs including a Structured Content Scraping API, which enables structured data to be extracted based on both visual and structural traits.  Another company, DiffBot, is also taking care of the “dirty work” in the cloud, allowing entrepreneurs and developers to focus on their business instead of the semantics involved in parsing.  DiffBot stands out because of their unique approach.  Instead of looking at the data as a computer, they are looking visually, like a human would.  They first classify what type of webpage (eg. article, blog post, product, etc.) and then proceed to extract what visually appears to be relevant data for that page type (article title, most relevant image, etc).

Currently their website lists APIs for Page Classification (check out their infographic), as well as parsing Article type webpages.  Much of the web, including discussion boards, events, e-commerce data, etc. remains as potential future API offerings and it will be interesting to see which they go after next.

You can test drive the Artcle API on their website and see the extraction results instantly, as shown below of this article:


Source: http://blog.programmableweb.com/2012/09/13/web-scraping-evolved-apis-for-turning-webpage-content-into-valuable-data/

Outsource Data Mining Services to Offshore Data Entry Company

Companies in India offer complete solution services for all type of data mining services.

Data Mining Services and Web research services offered, help businesses get critical information for their analysis and marketing campaigns. As this process requires professionals with good knowledge in internet research or online research, customers can take advantage of outsourcing their Data Mining, Data extraction and Data Collection services to utilize resources at a very competitive price.

In the time of recession every company is very careful about cost. So companies are now trying to find ways to cut down cost and outsourcing is good option for reducing cost. It is essential for each size of business from small size to large size organization. Data entry is most famous work among all outsourcing work. To meet high quality and precise data entry demands most corporate firms prefer to outsource data entry services to offshore countries like India.

In India there are number of companies which offer high quality data entry work at cheapest rate. Outsourcing data mining work is the crucial requirement of all rapidly growing Companies who want to focus on their core areas and want to control their cost.

Why outsource your data entry requirements?

Easy and fast communication: Flexibility in communication method is provided where they will be ready to talk with you at your convenient time, as per demand of work dedicated resource or whole team will be assigned to drive the project.

Quality with high level of Accuracy: Experienced companies handling a variety of data-entry projects develop whole new type of quality process for maintaining best quality at work.

Turn Around Time: Capability to deliver fast turnaround time as per project requirements to meet up your project deadline, dedicated staff(s) can work 24/7 with high level of accuracy.

Affordable Rate: Services provided at affordable rates in the industry. For minimizing cost, customization of each and every aspect of the system is undertaken for efficiently handling work.

Outsourcing Service Providers are outsourcing companies providing business process outsourcing services specializing in data mining services and data entry services. Team of highly skilled and efficient people, with a singular focus on data processing, data mining and data entry outsourcing services catering to data entry projects of a varied nature and type.

Why outsource data mining services?

360 degree Data Processing Operations
Free Pilots Before You Hire
Years of Data Entry and Processing Experience
Domain Expertise in Multiple Industries
Best Outsourcing Prices in Industry
Highly Scalable Business Infrastructure
24X7 Round The Clock Services

The expertise management and teams have delivered millions of processed data and records to customers from USA, Canada, UK and other European Countries and Australia.


Source: http://ezinearticles.com/?Outsource-Data-Mining-Services-to-Offshore-Data-Entry-Company&id=4027029