Potential Impact of Data Mining on Real Estate Industry

Running head: POTENTIAL IMPACT OF DATA MINING ON REAL ESTATE INDUSTRY
POTENTIAL IMPACT OF DATA MINING ON REAL ESTATE INDUSTRY
Name of the Student
Name of the University
Author Note

2POTENTIAL IMPACT OF DATA MINING ON REAL ESTATE INDUSTRY
Table of Contents
Introduction......................................................................................................................................3
Brainstorming..................................................................................................................................3
Regulation and ethics.......................................................................................................................4
Disruption........................................................................................................................................5
Conclusion.......................................................................................................................................8
Bibliography..................................................................................................................................10

3POTENTIAL IMPACT OF DATA MINING ON REAL ESTATE INDUSTRY
Introduction
It can be stated here that the sector which is related to the real estate can be considered to
be an attractive option for the investment sector which is safe directly for the common people.
one of the most important factor which can be related to the concept of the real estate investment
is that it does not directly change value. On the other had not can be stated that the according to
recent prices of the real estate the price cannot keep rising all the time. One of the sector which
can be stated in the sector of implementation of data mining in is directly related to the concept
of the data which would be stored in the concept. It can be stated that the implementation of the
data mining process into the concept of the real estate would be very much beneficial in the
sector of the securing of all the necessary data which are conceived into the system.
The main focus point of the report is to take into consideration different aspect which are
related to the aspect of involvement of data mining into the prospective of the real estate.
Brainstorming
The potential impact which the concept of the data mining would be having on the sector
of the real estate are stated below:
 Real estate auction: The aspect of the real estate auction can be easily done within the
concept of the working of the technology. These majorly means the excursion of the
different processes which is relate to auction when relating to the concept of real estate.
 New builders: The aspect of the real builder can be stated to be very much a crucial role
in the sector of the interaction of new bidders as well as builder who would be directly
putting forward their interest in the involvement of the concept.