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PriceSpy Technology in European Price Comparison

As part of the cooperation, we deliver intelligent text and data mining as well as information capture solutions to the Dutch  Compare Group to enrich their price comparison product database.

At the end of 2010, GreyMatter was invited to cooperate in a pilot project with the Dutch  Compare Group price and product comparison company. Compare Group's price comparison portals are market leaders in the Netherlands and Belgium, and are also key players in another two European countries (Finland and France). The aim of the pilot project is to select one of the ten companies to work with in the long-run on finding solutions for text and datamining tasks. GreyMatter was selected in the two-round bid procedure. In the implementation phase, the client was particularly pleased with our professional standards, the quality of our work and the support we provided.

As part of the cooperation we apply and customise GreyMatter's PriceSpy technology (also supported by the  GOP R+D bid procedure). The installed system is capable of extracting products and product descriptions from any given webshop. This way the webshops' products may get shown in the price comparison system without having to make their data available in a preconfigured format. The second part of the assignment was to track changes; as a result, the product database extracted from the webshops is updated automatically to show the latest product and price info. The calculation-intensive task is performed using an  Apache™ Hadoop™ open source platform.