PropList Blog
Big Data, smart cities, intelligent buildings

A though povoking piece from RICS on how big will be affecting the property profession.  One thing we found it did not cover is whether data  will be freely shared or will there be some form of regualtion required to enforce this.  The insurance profession now freely share information, but we are a considerable way from this ideal.  Even The Land Registry, who now allow the use of some incredible datasets, only capture information on Lease Events over 7 years and will that need to changed to all events be fore data becomes free?

The research can be downloaded from RICS or by following the the link here but a quick summary is below:

Big data is a term used to refer to large, complex data sets that cannot be analysed using traditional data analysis techniques. The use of big data is becoming a key basis of competition and growth for professional firms, and it is already affecting every area of business activity including real estate, construction and the built environment.

This insight paper covers:

• Characterising big data
• The knowledge hierarchy
• Speed of big data adoption
• Intelligent buildings
• Open urban data
• Smart cities