Data and Business Intelligence Glossary Terms
Web Data
Web Data refers to any information that is available on the internet and can be collected and turned into useful insights. It’s like an endless digital ocean, full of facts, statistics, opinions, and trends that businesses can dip into. This information can come from various sources, such as websites, social media platforms, online forums, and more.
In business intelligence and data analytics, web data is a treasure trove. It’s used to uncover patterns in customer behavior, track market trends, evaluate the competition, and even predict future industry movements. For example, by looking at web data, a company can see how often people mention their brand on social media or review sites and what they’re saying.
Collecting and analyzing web data gives businesses the power to make decisions based on real-world information. Instead of guessing what might attract customers, they can use data analytics to see what’s already catching their attention and then craft their strategies accordingly. Web data turns the vastness of the internet into a powerful tool for staying ahead in the marketplace.
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