[BEST PRACTICES]: 2 Reasons Why Business Intelligence is Redefining the Real Estate Industry!

Business Intelligence solutions are evolving quickly: What works today needs to be improved tomorrow. When teams put a plan in place for the future, they evaluate trends and technologies that will have an impact on the BI sector and create new opportunities. Here are the top two trends to watch for:

The advent of transparent AI
Companies rely on models of artificial intelligence and machine learning. But how to make sure of their reliability? Leaders expect their data science teams that they demonstrate greater transparency about the AI models they use. For the AI to have a maximum impact on the company, we need to be able to give it our trust.

That’s why the produced results must be intelligible, and easy to understand, to better help real estate professionals understand the data. This need favors the development of a very capable AI to present machine learning models of transparent way.

Natural language makes data more human
Advances in natural language processing systems allow everyone to naturally query the data. BI solution providers integrate Natural Language Processing into their platforms to provide more human-friendly visualizations but also interfaces. That’ll help users to interact with their data in the same way as with a human interlocutor, thus, to deepen their analysis.

Technology is evolving to support analytic conversations between a human and his data analysis system. It’s based on the contextual elements of this
conversation to understand clearly all of the intentions underlying queries and deepen the dialogue, from there, create a more improved conversation experience.

The goal: overcome obstacles that hinder the adoption of analytics and transform the work environment into a data-driven space/self-service.

Thanks again to everyone who’s joined Frontdoor and supported us so far. We can’t wait for what’s next 🚀.