Web Scraping is a basically a technique to extract large amounts of data like auction details, market pricing, or any other list of collected data from websites. Web scraping in essence covers all the process of trying to collect data on the internet regarding your business industry.
Competitor price monitoring can help you react quickly to shifts in pricing and prevent losses. It can help you drive more sales to your online store since you are able to avoid overpricing products. But a few online store owners are taking advantage of price monitoring.