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data exists everywhere and in many different formats from web pages to printed materials and as we established before theres a lot of value that can be found in the right set of data heres where data extraction plays a part in unlocking this value we are parsup and today well discuss what is data extraction what its used for and how to do it first what is data extraction data extraction refers to the process of retrieving data from one format into a more useful format for further processing this is an important distinction to keep in mind as data extraction does not refer to the processing or analysis that might take place after the data itself is extracted in some scenarios you might extract similar data sets from two different sources you would then have to review and process the extractions to make sure they are both formatted equally now well get into the different types of data sources there are almost endless ways in which data can be formatted to keep things simple well l