What you need to do before online data colllection?

Discussion in 'Growing and Managing a Business' started by Cosoft, Dec 3, 2009.

  1. Cosoft

    Cosoft
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    Data collection is collecting useful intelligence for making decisions such as product price determination. Nowadays, available on websites, directories, B2B/B2C platforms, e-books, e-newspaper, yellow page, official data, accessible databases, vast and updated information online encourages more people to collect data from the Internet. Before data mining, you still need to be well prepared, as the ancient Chinese saying “Preparedness ensures success, unpreparedness spells failure.”

    #1. Why do you want to collect intelligence or what's your objective? What will you do with this intelligence after collection? Making a description of your project can help the data mining team have a better understanding of your aim. Taking an example, an objective can be I want to collect enough intelligence to determine a competitive price for my product.

    #2. What type of information you need to collect to support your final analysis / decision? Such as, if you want to collect the prices of similar product, product specification are necessary to collect for comparison of the same one. The external factors like coupon, gifts or tax also need to be considered for accuracy.

    #3. Where? General searching using keywords or gathering data from specific resources or database depends on project nature. The information from e-commerce websites would be a great avenue for price gathering and product specification.

    #4. Who? Will you collect the data by using the resources of your own or outside resources? Outsourcing of online research work to lower wages countries with the accessibility of internet capabilities and vast English educated personnel like China would be an option for cutting cost. The people who are going to do the work need training and necessary resources on that.

    #5. How? Always remember your purpose of collecting data to improve the collection process. The methodology and process need to be defined to ensure accurate and reliable data. Decisions making on wrong data would result in serious problems.

    I've summarized 5 tips from myself and my clients' experiences, hopefully to provide some insights for you. If you have any opinion or experience in online data gathering or outsourcing, please share with us me via [email protected] or visit http://www.co-soft.net/BPO_Service/...search_Internet_Research_Service_in_China.asp for more info.
     
  2. colin1

    colin1
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    Hello

    Great information. Thank you for sharing the informative information with all. Please keep sharing more and more in the future.

    Have a nice day
     
  3. seanstevens

    seanstevens
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    One thing to remember if you are collecting data is that if you are collecting any data that makes it possible to identify people or companies then you have to make sure you are in compliance with the relevant data protection acts. I.e. from the UK you may not send such data outside of the EU without approval from each person/company concerned. Other countries have their own rules and failure to comply could lead to big fines or worse.
     
  4. ally34

    ally34
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    Hello ....

    Nice Thread. You really doing a great job. I appreciate your post.
    Keep sharing more and more information.

    Thanks
    Have a nice time ahead.
     

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