Speaking on Inman Connect Panel on Real Estate and Big Data

August 1, 2012 at 9:37 pm Leave a comment

By Terence Craig

I apologize for falling behind on blogging, but between several new hires,  major partnerships, and the industry finally starting to understand the need for product-driven (instead of project-driven) big data, things have been very hectic. Good, but hectic.

I did want to pull my head off my keyboard for a minute to tell you about participating in the big data & real estate panel this Thursday at Connect San Francisco.  Our panel will be moderated by industry luminary Brad Inman @bradInman.

Real estate has always been a data-driven business and is relying more and more on the insights and operational nimbleness provided by big data.  For those of you who are scratching your heads and going, “Huh, Real Estate and big data?” – think about it for a minute.  The real estate industry is “using” big data to do all kinds of things and drive all kinds of business models, such as:

  • Commercial landlords using smart thermostats and smart windows adjusted in real-time to save energy.
  • Capturing real-time parking meter data to make real-time decisions about how long to leave a retail location open.
  • Using real-time video analysis to stop vandalism before it happens.
  • Offering sophisticated analytics – see consumer facing sites like Truila and Zillow.
  • Risk Modeling – check out RMS. Like most of the PatternBuilders team, they were “doing” Big Data before the term was invented.

If you are attending the show, stop by and say hi. If you are interested in Big Data & Real Estate, look for our post-Connect blog next week. In it, we will talk about some great insights about the New York real estate market derived from a ton of data we grabbed from the NYC public data market which was then spun up in the PatternBuilders framework on our brand spanking new Microsoft Azure cloud beta release.

Entry filed under: General Analytics, Technology. Tags: , , , , , , .

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