Exploring the nuances of the property market begins with good data
Accessible data analysis is the gold standard for companies seeking to become leaders within the property and real estate industry. The Discovery Platform is a key tool to increase the speed at which market analysis is gathered and responses to these trends are implemented.
The Data Scientist Challenge
With its binary nature of 1s and 0s, data may seem simplistic. However, when individual bytes are compiled into strings of information, there is a near-infinite number of ways in which one can extract insights.
It can be overwhelming.
With 18 years of experience developing, implementing and validating econometric and machine learning models at CoreLogic, Matt Cannon, Principal, Science & Analytics, has first-hand knowledge of how organizing data to produce meaningful insights can be a complex and time-consuming undertaking. That is why, as the lead data scientist on CoreLogic’s Discovery Platform, he has perfected the process of directly transferring the decades of data housed in CoreLogic’s databases into pre-loaded, pre-configured tools — in many cases these tools are accompanied by lines of sample code — to allow users to begin using the Discovery Platform to work on use cases almost immediately.
Although Cannon has worked diligently to simplify the data extraction process for data scientists across the PropTech, real estate and mortgage industries, he is aware that not all companies have access to a dedicated team of data scientists.
Collaboration Beyond the Discovery Platform Data
Not only can clients collaborate on projects with their own team members, but they can also work directly with CoreLogic’s team of experts which supports over 210 analytic solutions data products within the company’s ecosystem. The expertise on this team of patent-holding data scientists spans 25 disciplines and is available to partners who are looking to dive deeper into their approach to data modeling and analytics or who are simply uncertain about where to begin the journey.
“The platform provides support to clients no matter their level of technical expertise. For those clients who do not have a data science team, we can do proof-of-concept work for them,” said Cannon. “Our job as data scientists and analysts is to help clients get comfortable using the platform and then assist as needed to get questions quickly resolved and turn use case questions into results.”
CoreLogic’s team of experts has helped build models and analyze data across industries from leading mortgage lenders to PropTech startups to global manufacturers. No matter the industry, the central goal is to understand the detail behind to data in order for the Discovery Platform and CoreLogic’s team to properly support, model and analyze the market trends that clients track.
Whether it is recognizing mean distortion due to outlying home sales data or it is an examination of home equity data in specific regions to help refine their business strategy, CoreLogic’s team of data scientists is available to guide Discovery Platform users with a holistic overview of the industry and an expert understanding of CoreLogic’s best-in-class data.
Innovate Ahead of the Curve
CoreLogic’s team of data scientists directly interacts with a wide range of clients on the Discovery Platform, from large government organizations to small startups.
“One of the surprising things we’ve discovered working closely with our clients is that we are able to notice similarities in client requests regarding questions and use cases. Aside from helping our clients, there is the additional benefit of being able to see evolving trends across the market, which can guide the development of proof-of-concept models and potentially new analytic products, serving the needs of the market at large,” Cannon explained.
Having a continual pulse on the market as well as understanding what clients are looking for allows the Discovery Platform team to anticipate trends and model them in a manner that projects different scenarios that align with client needs.
To learn more about the Discovery Platform and how this platform can supercharge the timeline for gleaning insights, try it out for free.