First Light will automatically harvest all of the data that you need from any website on the Internet, including searchable databases. We will then put the harvested data in a form that you can use (usually an Excel Spreadsheet, Access or SQL Database). First Light can save your company thousands of hours of work that you would have spent manually collecting this data.
Over time, this data collection process will generate a large number of data files. In addition, there can be multiple versions of the web scraping results arising from repeated visits to the targeted sites. As a result, you will be under increasing pressure to organize, track, access and distribute this information. To be most useful and marketable, this data should be consolidated in a centralized and easily accessible venue which must be up-to-date, and easily administered. The result is a true repository of information: searchable, secure, non-degradable, easily replicated and transmittable.
Take your business to the next level by adding data mining capabilities from First Light. Data Mining is a level of analysis that many professional organizations never manage to conceive of or implement. In today's highly competitive environments, however, the importance of data mining should not be minimized as it can provide a competitive advantage and enable your organization to maximize both its efficiency and effectiveness.
Data Mining is the process of analyzing data through proven mathematical algorithms to uncover patterns, correlations, and profiles that can only be seen by looking at the data set in total. These findings can be used to help you understand your business and customers better now and to improve future performance through predictive analytics. To help you fully utilize data mining for organizational advantage, First Light will work with your business to integrate data mining into your operation.
With data mining from First Light you will be able to predict outcomes using historic data. For example, if the best indicator of whether a customer will pay on time turns out to be a combination of their market segment and whether or not they have paid previous bills on time, then this is information you can benefit from in making current financing decisions.
Use the data mining results to provide recommendations within operational situations. For example, on a loan processing screen you could add: "Based on this customer's account profile there is an 85% chance this customer will pay late. It is therefore recommended you require a 50% prepayment on this order".
First Light can help you apply data mining to any workflow defined in your business