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The push for big data
JUNE 8, 2020

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The push for big data

by Denise DeChaine

The question of big data is a topic on the forefront of investors’ minds, as the real estate investment industry has been a data driven business for the past few decades.

“Being able to manage and leverage your data is a competitive necessity,” says Jim Valente, global head of data services at RealFoundations. “It is no longer a competitive advantage if you can’t do that in an efficient way.”

Valente states that for data to be a big value and drive investment decisions, data has to be on time, in format and correct. Today, that is challenging for a lot of investment managers and investors because they have what Valente calls a “many to many to many to many problem with it.”

“They have many different partners that they need data from, whether they be JV partners or property managers, that can be in many different systems from a Yardi to an MRI to a JD Edwards or some other system,” says Valente. “Many different data types, from financial dat

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