Big data are transforming real estate

real estate

real estateBy Marguerite Ward | CNBC.com

Assessing a storm’s damage to a house; responding to a prospective buyer’s concerns about a property; designing offices that suit the needs of its tenants — all are key tasks of the real estate business that are rapidly being made faster and less expensive as the industry adopts lessons from technology, lessons that have already dramatically changed industries such as finance and health care.

In other words, big data are transforming real estate.

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