CARTO
Case Studies
Leveraging Location Intelligence for Profitable Commercial Real Estate Investments
Overview
Leveraging Location Intelligence for Profitable Commercial Real Estate InvestmentsCARTO |
Analytics & Modeling - Big Data Analytics Functional Applications - Enterprise Asset Management Systems (EAM) | |
Buildings Retail | |
Procurement Product Research & Development | |
Asset Health Management (AHM) Time Sensitive Networking | |
Data Science Services Testing & Certification | |
Operational Impact
The use of data science and open data has revolutionized Hodges Ward Elliott's approach to real estate investment. The company has been able to gain a deeper understanding of people's preferences and how these preferences change over time, enabling them to make more informed investment decisions. The use of predictive modeling has also allowed the company to predict the probability of a building selling in any given year in New York City, which can be very useful for canvassing operations. Furthermore, the use of mapping as an exploratory tool has enabled the company to quickly visualize data and identify trends and patterns. This has not only improved the company's decision-making process but has also given them a competitive edge in the real estate market. | |
Quantitative Benefit
Access to thousands of high-quality datasets through open data portals. | |
Ability to quickly create maps and visualize data using the R programming language. | |
Improved predictive accuracy using spatial lag in their predictive models. | |