Top 11 Power BI Companies Transforming Real Estate Analytics
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! How Does Power BI Help Real Estate Businesses? 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. 11 Top Power BI Companies in Real Estate DataToBiz 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 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
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