is the process of extraction of relevant data from raw data by using certain interface which is designed for derivation of data particularly for that purpose and this technique can be proved very significant for derivation of essential data for variety of purposes such as parsing of resumes by human resource department, by marketing department, extraction of data related to rate and stock of diamond.
The data, which is received under process of parsing as a result of use of automated system for data extraction, is usually made available to user in comprehensible form and it can be used frequently to generate good results for variety of pursuits and some of pursuits for which the components of are useful are as follows:
* Cost Cutting * Time Saving * Increasing Speed of Processing * Increasing Horizon of Business * Helps in Acquiring Significant Data
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