Business Intelligence in the Real Estate Industry and Effect of BIM Adoption

ORCiD

Leili Javadpour: 0000-0003-4004-1950

Document Type

Conference Presentation

Conference Title

Industrial and Systems Engineering Research Conference (ISERC)

Location

Nashville, TN

Conference Dates

May 30 - June 2, 2015

Date of Presentation

5-1-2015

First Page

2212

Last Page

2220

Abstract

Rapid changes in technology are impacting the real estate brokerages and made it possible for emerging new systems and strategies. Valuable real estate industry data has been transferred from the exclusive domain of professionals to the general public. In this paper the changing role of the stakeholders in real estate industry is forecasted and the effect of electronic marketplace in changing traditional brokerage models is studied. For this purpose 26 real estate agents are surveyed to examine how they transform ordinary data into value-added expert knowledge. The goal of this paper is to explore the future need and demands of marketplace and bind data analytics to this industry. Data analytics can serve for developing an essential marketing and analysis tool and be used as a valuable strategy to change the culture of real estate industry.

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