The real estate industry has been revolutionised by the use of alternative data. Alternative data refers to any non-traditional data that is used to make investment decisions. This can range from social media data to satellite imagery. Here are a few providers of alternative data that could be useful for the real estate industry.
Why is Alternative data important to the industry?
Alternative data is becoming increasingly important to the real estate industry as it can provide insights that traditional data sources cannot. For example, traditional data sources like government statistics or financial reports may not give a full picture of what is happening in the market. Meanwhile, alternative data sources like mobile phone traffic data or social media sentiment can provide a more nuanced view of the market.
Furthermore, alternative data can help investors stay ahead of the curve. By analyzing non-traditional data sources, investors can identify emerging trends or risks before they become apparent to others. This can give them a significant advantage in the market.
How Alternative Data is Helping the Real Estate Industry
The real estate industry is one of the largest and most complex industries in the world. It is also one of the most data-driven industries, with a wealth of information available to help investors make informed decisions. In recent years, alternative data has emerged as a powerful tool for real estate investors, providing insights that traditional data sources cannot.
Let’s take a closer look at how two providers of alternative data, Advan and Dataminr, are helping the real estate industry.
Advan
Advan is a provider of mobile phone traffic data and weather data dating back to 1998. They cover 1,600 tickers across several sectors and are focused on the US and EU markets. The data that they provide can be incredibly useful for the real estate industry.
Dataminr
Dataminr is a provider of social sentiment and news analysis based on Twitter data. They use machine learning algorithms to analyze tweets and determine what people are talking about. This can be incredibly useful for the real estate industry as it can help investors stay on top of any news or trends that could impact the market.
Why is alternative data important to the industry?
Alternative data is becoming increasingly important to the real estate industry as it can provide insights that traditional data sources cannot. For example, traditional data sources like government statistics or financial reports may not give a full picture of what is happening in the market. Meanwhile, alternative data sources like mobile phone traffic data or social media sentiment can provide a more nuanced view of the market.
Furthermore, alternative data can help investors stay ahead of the curve. By analyzing non-traditional data sources, investors can identify emerging trends or risks before they become apparent to others. This can give them a significant advantage in the market.
Conclusion
Alternative data is becoming increasingly important to the real estate industry. Providers like Advan and Dataminr can provide valuable insights that traditional data sources cannot.