
Why Do Real Estate Companies Need Data Analytics?

Data impact the real estate business model, allowing firms to transform strategies, approaches, and services. Firms that apply BDAs see an average 8% increase in profits and a 10% reduction in costs. Data can inform future decisions and detect problems at the outset.
About 83% of business executives implement big data projects to gain a competitive advantage. BDA-based software products, such as CRM, collect data on homebuyers and help predict their behavior.
Unlimited access to information about nearby infrastructure, home parameters and occupancy, neighborhood/city environmental and crime rates, and other data also helps customers make buying decisions.
Netflix saves $1 billion a year in customer retention costs thanks to BDAs. Think how much your company’s costs would drop in 2023 if you applied the approach.
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |