The loosely defined term “big data” is on the lips in real estate offices around the world these days, describing sets of facts and figures that are too large and complex to work with using nonspecialized computers. The industry’s so-called “big data gurus” are designing algorithms parsing the data that do everything from calculate a home’s market value to match commercial spaces with ideal tenants. Stan Humphries, chief economist and chief analytics officer for […]
source https://therealdeal.com/la/issues_articles/stan-humphries-zillow/#new_tab
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