In the evolving world of web data, understanding different business models can greatly benefit you. Since 2010’s, the growth of web scraping has transformed from a niche interest into a widely used practice. As the demand for public data increases, you may find new opportunities in various approaches to data collection and distribution.
In the post we’ll take a look of 4 business model in the data extraction business:
- Conventional data providers
- SaaS providers
- Data / market intelligence tools
- Data marketplace (multiple buyers & multiple sellers)
Have you ever thought you could make money by knowing how many restaurants there are in a square mile? There is no free lunch, however, if you know how to use Google Maps, you can extract and collect restaurants’ GPS’s and store them in your own database. With that information in hand and some math calculations, you are off to creating a big data online service.
Recently I decided to outsource a web scraping project to another company. I typed “web scraping service” in Google, chose six services from the first two search result pages and sent the