Predictive analytics leverage techniques from artificial intelligence (AI), machine learning, and big data to analyze data from past and current events to predict future events.
Revaluate's machine learning algorithms have learned what makes someone likely to move. We look at data points across a number of sources to then predict the likelihood that someone will move in the next 3-6 months.
We look at spending data and how people's purchases can indicate they may be moving.
Data from the government can provide insights into a person's life and what may be motivating them to move.
Demographic data alone doesn't provide a lot of value but when you combine it with other datasets it can be extremely valuable.
What are they doing on social media? It can provide insight into what's going on in someone's life.
Definitely not. Many predictive analytics solutions on the real estate and mortgage market focus on finding people in a ZIP code that are due to move based on averages. Revaluate focuses on the behaviors and profiles of your existing network and helps you get in front of potential movers before they pull the trigger and find another agent or lender.
Remember the condo you helped Chris buy 3 years ago? Well he and his fiance are expecting. You should probably see if he wants to grab coffee. That's Revaluate.