What is Web-Bot?

What is Web Bot? Web Robot. A generic term applied to any program which retrieves information from websites. Some common examples of Web-Bots include : Search engines use Web-Bots (sometimes it also called simply bots or search-bots) to gather information from websites, which the search engine will then use to respond to search queries. An other common example is An email-harvester will use a Web-Bot to gather email addresses from Web-pages or from newsgroup postings. These are used by spammers who then spam the harvested email addresses.
Web Bot is created in 1997, originally is to predict stock market trends. The creator of the Web Bot Project, Clif High, along with his associate George Ure, who call themselves "The Time Monks", keep the technology and algorithms largely secret and sell the predictions via the website.


Credits to:
http://www.cryer.co.uk/glossary/w/web-bot.htm