Microsoft Power BI is an efficient tool to collect and analyze data and convert it into meaningful insights. Here, we’ll discuss the top eleven Power BI companies in real estate and the role of business intelligence in implementing the data-driven decision-making model.
The real estate industry is volatile and constantly changing. Several factors like demographics, politics, income, inflation, etc., influence the industry. While real estate agents have been using personal experience and instinct to predict market trends and recommend properties, many firms are now investing in advanced technology like AI, ML, business intelligence, and data analytics to analyze historical and current data and make data-driven decisions. For example, statistics show that AI in the real estate market is expected to reach $1083.45 billion by 2030 at a CAGR (compound annual growth rate) of 35%.
Since data analytics and business intelligence are important to revolutionize the real estate industry, several firms have adopted tools like Microsoft Power BI, Tableau, etc., to convert raw data into actionable insights and generate reports in real time. Power BI is a popular business intelligence platform that can be connected to multiple data sources and can generate graphical and interactive data visualization reports through the interface. A real estate agency can vastly benefit from using Power BI to streamline its data and derive real-time analytics to make effective decisions. A cost-effective way to adopt Power BI is to hire a service provider.
So, what are the top Power BI companies specializing in real estate?
Let’s find out in this blog!
The use of Power BI for real estate analytics makes it easier for brokers to get quick insights about market conditions, assess the value of a property, or help customers find the right property that meets their budget requirements and aligns with their other preferences. Power BI can help a real estate firm in many ways. The dashboards can be customized for each KPI (key performance indicator) and metric to give agents more control over the process and assist them in closing leads quickly.
So, how do Power BI solutions improve property investment decisions?
Here’s how:
With Power BI, brokers can analyze the various conditions, compare current data with historical data, predict future trends, analyze competitors, and determine which locations are the best for attracting more buyers. Rental rates, the cost of fixing and selling, average property value, etc., can be determined and predicted based on various factors.
Managing properties is also a part of the real estate activities. Tracking occupancy rates, monitoring the costs of maintenance, managing lease and rental agreements, etc., can be streamlined using business intelligence tools like Power BI. Firms can reduce the risk of complications by leasing the properties to reliable customers after analyzing their data.
Every real estate business has targets to achieve to stay in the business. While there are traditional methods to track sales and marketing efforts, relying on technology will give faster and more accurate results. The agents can also understand why they couldn’t achieve the target or where things went wrong and find ways to rectify the problem.
Power BI companies in real estate also help firms track their financial performance by measuring the expenses and revenue, determining the ROI, and so on. It can also help with budgeting, forecasting expenses and revenue, providing detailed investment analysis for customers, and helping them make financially sound decisions.
Understanding customers and maintaining good relationships with them is a must for a business to be successful in real estate. Getting feedback from customers, using their inputs to suggest the right properties, and monitoring their interactions with agents will go a long way in establishing the firm as a reliable and customer-friendly real estate agency.
Managing a real estate firm is not an easy task. It is a highly competitive sector where agents constantly compete to close a lead before others while ensuring customer satisfaction. With Power BI to derive insights, agents can identify the bottlenecks in their processes, measure the success of a marketing campaign, allocate resources based on returns generated, and so on.
Another important use of real estate analytics solutions is to measure the performance of an agent. Is the broker efficient in identifying properties? Is the agent reaching the monthly/ quarterly targets? What do customers say about the agent? Answers to such questions can be accurately determined by analyzing the agent’s data using Power BI.
Another important part of the industry is legal compliance. Every region has different laws and requirements a customer has to comply with when buying, selling, or renting a property. Agents can ensure regulatory compliance and reduce risks by using the insights derived through Power BI. If the analytics highlight a customer or property as high risk, the agents can find ways to minimize complications.
DataToBiz is one of the leading Power BI companies in real estate and an end-to-end digital transformation service provider. The award-winning company has a presence in many continents and helps local businesses revamp their processes and adopt advanced technologies to achieve their goals. The company is a certified Gold partner of Microsoft and a certified partner of AWS and Google. Its cloud migration and transformation services are tailored for each client.
The company works with small, medium, and large real estate firms to empower their data-driven decision-making models by unlocking the true potential of business data. DataToBiz has a team of experienced Power BI experts who create personalized dashboards, set up third-party integrations, and provide long-term support services. Businesses can use Power BI on-premises, via cloud, or on smartphones to derive real-time insights on the go for cost-effective pricing. The company’s real estate data visualization reports are user-friendly, interactive, and accurate.
Global Data 365 is a leading business intelligence company offering innovative Power BI solutions for businesses to transform their data into insights. With clients from over twenty-five countries, the company specializes in offering tailored solutions to implement Microsoft Dynamic ERPs, CRMs, and Power BI dashboards in different industries. Its real estate dashboard with Power BI provides a comprehensive view of the agent’s performance, property value, commission trends, market opportunities, the supply vs. demand ratio, and so on.
The graphical data visualization interface is dynamic and interactive, allowing real estate agents to track the updates in real time. Global Data 365 creates multiple dashboards based on the client’s requirements. For example, a business can have individual dashboards for property management, sales data, agents and their commissions, rental insights, targets, and much more. The company is a certified partner of Microsoft and Insight software.
Shreeji Data Analytics is a data analytics and Power BI consulting firm that helps clients harness the full potential of their business data. The company provides end-to-end Power BI implementation, customization, data modeling, data migration, data analytics, and data visualization services to organizations from diverse industries. Its solutions for real estate companies are customized to align with business requirements.
The experts design, build, and integrate a series of real estate dashboards like portfolio overview, sales insights, property page, lease management, asset performance, and more. Shreeji Data Analytics also provides training and support services for clients to train their employees in effectively using the dashboards for daily activities. The company’s services are scalable, flexible, and client-centric. Additionally, businesses can derive predictive analytics and use the insights to make proactive data-driven decisions.
Addend Analytics is a data analytics and BI company offering tailored real estate analytics solutions to clients from around the globe. It has a presence in several industries and helps organizations use their data to unlock actionable insights for real-time decision-making. The company empowers real estate agents and asset managers to make use of property and market data to gain a competitive edge. Its dashboards have been designed under the guidance of industry experts to ensure the capabilities align with what the clients want.
Be it an overview of asset performance or the inclusion of factors like geography, demography, asset type, income, etc., to create graphical reports, the company takes care to provide all the required facilities to clients. Addend Analytics creates real estate Power BI dashboards for property management, rental management, YoY trend analytics, cashflow management, etc. The experts are certified Microsoft professionals with the necessary domain experience.
REdirect Consulting is a global service provider offering business intelligence in real estate. Though the company focuses only on one industry, it provides end-to-end solutions to businesses of all sizes from the real estate sector. Additionally, the company offers on-demand assistance as well as training to run a fully outsourced help desk for large-scale realtors. It works with family-owned businesses and commercial agencies, property owners and managers, banks, investors, lenders, freelance brokers, etc.
The company’s primary focus is to help its clients understand and choose the right software to streamline their processes. Be it RPA for automating workflows or Power BI dashboards for data management, the company knows how to handle the unique demands of each real estate firm. REdirect Consulting follows a systematic approach to set up seamless Microsoft and AI integrations, Power BI data visualization dashboards, and interactive reports in real time.
RentViewer is a real estate and property management analytics company offering Power BI consulting services to clients from the industry. It provides the required support in the form of domain expertise, software, process and data management, and maintenance to help real estate firm unlock their true potential and gain a competitive edge. The company knows how hard it is for agents to track several key metrics like lead conversion, sales, economic occupancy, etc.
It creates individual personalized dashboards using Microsoft Power BI to assist real estate brokers in effectively handling their various responsibilities. RentViewer’s solutions have been crafted and approved by experts to align with the industry’s best practices. The company helps clients overcome various challenges and minimizes risk to increase growth opportunities. The visualizations are attractive and user-friendly. Convert raw data into powerful insights through the company’s Power BI real estate services.
Novalytica is a data analytics service provider helping businesses derive data-driven insights to make strategic decisions. It uses Power BI for real estate dashboards to create real-time visualizations. The company’s holistic reporting and portfolio management services are designed to assist agents use clean and quality data to derive meaningful insights. From data collection to preparation, storage, analytics, and reporting, the professionals streamline the processes to save time, reduce human errors, and optimize the use of resources.
The company links the Power BI dashboards to various data sources to real estate firms to access the latest databases about available properties for sale and rent. Novalytica automates reporting while ensuring data sovereignty. It saves historical data in central repositories that can be accessed in real-time. The company also offers other relevant services in the industry, such as situation analysis, data infrastructure management, employee training, maintenance, and support.
Vidi Corp is a team of data professionals and Power BI consultants from the UK, Europe, and other parts of the world. The company has clients in regions like the US, Japan, Australia, etc. As a carbon-neutral company, it gives high priority to quality and efficiency. Being one of the Power BI companies offering remote services, it creates custom dashboards for clients to track and monitor portfolio performance, property management, rental management, and more.
The company’s senior Power Platform consultants have diverse experience and knowledge to assist real estate agents in overcoming the roadblocks in using the latest technology to streamline their processes. Vidi Corp energizes business data by enhancing its quality and sharpening the business processes to optimize resources. The Power BI dashboards built by the company are diverse and cater to small, medium, and large-scale real estate firms.
Al Rafay Consulting is one of the top Power BI companies and a leading Microsoft consulting provider in the US market. It offers innovative IT solutions and technologies for SMBs and enterprises to streamline business data and make data-driven decisions. The company empowers clients to enhance productivity and scalability. It seamlessly transforms businesses using cloud solutions and innovative frameworks. Its BI dashboards for real estate firms collect and analyze data from multiple sources to share real-time insights about market trends, opportunities, customer behavior, tenant preferences, portfolio performance, etc.
Al Rafay Consulting creates interactive dashboards that go beyond generic static templates. Each dashboard is carefully designed to align with the business’s needs and objectives. Tenant listing, delinquency, building listing, expiring leases, capital expenditure, and portfolio management are some of the most requested dashboards developed by the company in the real estate industry.
Select Distinct is a business intelligence and data analytics consultancy that creates custom real estate dashboards with Power BI to help clients transform raw data into actionable insights. The company is particular about offering personalized services to businesses from several industries. It doesn’t believe in recommending software without understanding the client’s business position and long-term goals. The company’s Power BI consulting services in the real estate industry are focused on properties and facilities management for individual, residential, and commercial clients.
Experienced professionals help enterprises effectively manage their large-scale facilities to transform their operations, optimize processes, and increase revenue. Select Distinct uses Power BI for business intelligence and data visualization by setting up third-party integrations to convert data into graphical reports and useful insights by following a five-step process. The company’s end-to-end Power BI implementation also includes training and support services.
CRES Technology is one of the Power BI companies in real estate, offering state-of-the-art technologies and solutions to help firms overcome operational and productivity challenges, enhance customer experience, and increase ROI. The company has years of experience in the industry and provides a plethora of services for businesses to manage all their internal processes, data, systems, and more. By using generative AI and cutting-edge robotic process automation, the company makes business processes more effective and error-free.
Its solutions are designed to simplify complexities and develop user-friendly Power BI dashboards for portfolio management, etc. CRES Technology builds and runs the IT infrastructure on cloud platforms to reduce the need for excessive hardware and physical interfaces. From data consolidation to integration with AI tools, maintenance, and training, the company’s services are aimed at empowering real estate agencies to achieve their goals.
When investing in real estate analytics solutions, ensure the dashboards will have the following:
Consider the following factors when hiring Power BI companies in real estate:
With a robust strategic plan and tailored implementation, real estate businesses can use real-time business intelligence insights and graphical reports to make data-driven decisions. While Power BI is compatible with many third-party systems, hiring an experienced service provider will ensure a seamless implementation of real estate analytics dashboards in the business. Compare the services offered by the Power BI companies in real estate listed in this blog and contact them to choose the best company that aligns with your vision and provides long-term support services.
Microsoft Power BI is a reliable and easy platform that can be used on multiple devices. By partnering with a Power BI service provider, businesses from various industries can streamline their analytical insights and make data-driven decisions in real time. This enhances customer experience and increases revenue.
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Fact checked by –
Akansha Rani ~ Content Creator & Copy Writer
