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How Big Data Will Impact Real Estate Buying, Selling and Developing

Big data, the vast amount of information generated daily in our connected world, is upending business models in industries from finance to tourism. It is also permeating real estate, a multi-pronged, multi-billion-dollar sector known for its reliance on tradition and intuition.

“Real estate has traditionally been a late adopter in tools and technologies,” said John D’Angelo, who leads New York-based Deloitte’s real estate sector in the U.S. “The adaptation of data and analytics is no exception. But I think what we’re seeing broadly in the industry, really in the last 18 months, is raising awareness of the value of large data sets and putting data and analytics to work alongside people.”

Source: mansionglobal.com
Author: Dima Williams

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