Final answer:
Web/screen scraped data refers to data collected through automated scripts from websites, not from a transaction processing system which handles business transactions. This statement is false.
Step-by-step explanation:
The statement that web/screen scraped data is used by an organization for analysis because it can be obtained from your transaction processing system is false. Web scraping is a method used to extract data from websites through automated scripts, which is different from a transaction processing system (TPS).
A TPS is designed to handle the collection, processing, and updating of data that results from business transactions. On the other hand, web scraping typically involves the collection of data available on the internet across various websites for purposes that can include competitive intelligence, market research, or price comparison.
The statement in the question is false. Web/screen scraped data is actually obtained from websites or APIs, not from your transaction processing system.
Web scraping involves extracting data from websites by using automated software scripts to simulate human browsing behavior and retrieve the desired information. This data can then be used for various analysis purposes by organizations.
For example, a company may scrape data from competitor websites to analyze pricing trends, customer reviews, or product information.