You should consider how flexible the solution is when it comes to changing the data points or schema as and when required. This is to make sure that the solution you choose is future-proof in case your requirements vary depending on the focus of your business. If you go with a rigid solution, you might feel stuck when it doesn’t serve your purpose anymore. Choosing a data extraction solution that’s flexible enough should be given priority in this fast-changing market.
If you are on a tight budget, you might want to evaluate what option really does the trick for you at a reasonable cost. While some costlier solutions are definitely better in terms of service and flexibility, they might not be suitable for you from a cost perspective. While going with an in-house setup or a DIY tool might look less costly from a distance, these can incur unexpected costs associated with maintenance. Cost can be associated with IT overheads, infrastructure, paid software and subscription to the data provider. If you are going with an in-house solution, there can be additional costs associated with hiring and retaining a dedicated team.
Data delivery speed
Depending on the solution you choose, the speed of data delivery might vary hugely. If your business or industry demands faster access to data for the survival, you must choose a managed service that can meet your speed expectations. Price intelligence, for example is a use case where speed of delivery is of utmost importance.
Are you depending on a service provider whose sole focus is data extraction? There are companies that venture into anything and everything to try their luck. For example, if your data provider is also into web designing, you are better off staying away from them.
When going with a data extraction solution to serve your business intelligence needs, it’s critical to evaluate the reliability of the solution you are going with. Since low quality data and lack of consistency can take a toll on your data project, it’s important to make sure you choose a reliable data extraction solution. It’s also good to evaluate if it can serve your long-term data requirements.
If your data requirements are likely to increase over time, you should find a solution that’s made to handle large scale requirements. A DaaS provider is the best option when you want a solution that’s salable depending on your increasing data needs.
When evaluating options for data extraction, it’s best keep these points in mind and choose one that will cover your requirements end-to-end. Since web data is crucial to the success and growth of businesses in this era, compromising on the quality can be fatal to your organisation which again stresses on the importance of choosing carefully.