What is data extraction and why is it useful?

[Dataqix]

If you're wondering what is data extraction, it is essentially the process of retrieving specific information from a source and preparing it for use. Sources can include websites, spreadsheets, PDFs, applications, databases, or scanned documents. Instead of manually copying information, businesses can use automated tools or professional services to collect required data more efficiently. The extracted information can support market research, reporting, lead generation, price monitoring, and other business activities. A well-planned process also helps organize large datasets, reduce repetitive tasks, and allow employees to spend more time on higher-value work.