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Using PropMix.io platform to propel RESO maturity model
Umesh Harigopal, Antony Satyadas, Matt Kumar
Speakers
Umesh Harigopal, PhD
Managing Partner & Chief Innovation Officer
Innovation Incubator, Inc.
in
Antony Satyadas
CEO, Managing Partner, & Co-Founder
Innovation Incubator, Inc.
in
Matt Kumar
Chairman, Managing Partner, & Co-Founder
Innovation Incubator, Inc.
in
RESO Data Dictionary, Web API standardization, .. Then?
Big
Dat
a
Analytics and Insights
Real Estate Big Data & Analytics/Insights Landscape
1. Real Estate Big Data Maturity
Disparate Big Data ETL –
property, locality, services
Big Data
SpatialEnrichment
Digital Consumer Big
Data
News/Social Enrichment
Longitudinal Property Record
Temporal Enrichment
Dynamic Longitudinal
Property Records
Streaming data
integration -IOT
Longitudinal Property Record TM
Property RecordDeed
MortgageAssessment
Jun1998
Mar2001
Aug2006
Second Mortgage
Jun2008
New Permit Data
DeedMortgage
Nov2011
Mortgage
Assessment
Owner initiated events
1999 2000 2001 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
New Home
Second Mortgage
Sold Finished Basement
Refinance
Feb2014
New Permit Data
InstalledSolar Panel
Cognitive Computing - Continuous Learning from temporal, spatial, and dimensional information yields deeper insights
NewHome
SecondMortgage
Sold FinishedBasement
Refinance SolarPanel
1999 2000 2001 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Property Timeline
1999 2000 2001 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Married Pay offStud. Loan
New JobIn Seattle
New JobIn Seattle
FirstChild
ZoningModification
New Apt.Project
5% increasein families w/ kids
1999 2000 2001 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Local Census, Demographics, and Development
IBM Opensnew office
Unemploymentis reducing in
DC area
School districtchanges
FHFA increasesJumbo mortgage
limit
Mortgage ratesat 10-year low
1999 2000 2001 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
News & Information – Local, County, State, Nationwide, Global
Life Events – Personal, Professional, Investments, Automotive, Health, …
2. Real Estate Analytics and Insights Maturity
OperationalReporting
Ad-hoc Query & Analysis
AnalyticsOLAP
Dashboards
Big Data Analytics
Data Mining
Static Models
Cognitive Computing
- Learning- Natural
Language Processing
- Expertise- Reasoning
Dynamic Models
3. Big Data/Insight Retrieval/Delivery Maturity
Structured Queries & EDI
B2B IntegrationWeb Services
Use Case driven APIs
Ontology-based APIs
Contextual & Intentional NLP
Dialog
Queries tied to the data structures
Rigid data exchange protocols
Discoverable Web Services
Well suited for service to service integration
Heavy-weight SOAP/XML with flexibility – strongly typed w/ document attachments
RESTful APIs with JSON or XML payload
APIs purpose-built for various use cases –search, lookup, detail, etc.
RESTful or SOAP APIs based on a shared ontology
Generic API with generalized querying
Leverages the ontology to understand and respond to a request
Natural language request and response
Use context to understand user’s intent and respond with relevant and actionable information
Putting it all together: The Maturity Model
Maturity Level
Big Data Analytics & Insights Big Data/InsightRetrieval
1 Data Sets Reporting Structured Queries
2Integrated Data w/ Governance
Ad-Hoc Query & Analysis
B2B Integration & Web Services
3Longitudinal Property Records
Analytics and OLAPDashboards
Use Case driven APIs
4 Exogenous ContextsBig-Data AnalyticsData Mining
Ontology based generic APIs
5Temporal and Spatial Integrated Data
Cognitive Deep Learning Models
Contextual & Intentional NLP dialogs
RESO Maturity Model Healthcheck Toolkit
PropMix Demo
Healthcheck Toolkit
Thank You
Contact:
Umesh Harigopal – [email protected] Satyadas – [email protected] Kumar – [email protected]
