• Altus Group Ltd. (AIF) has released a report examining the state of data science in commercial real estate (CRE) investing globally
  • The report is based on a global survey of over 400 CRE executives directly involved in their firm’s analytics and data science strategies, spread through 14 countries across North America, Europe, and the Asia-Pacific region
  • Data science adoption in CRE is growing, but nearly half of investors still aren’t employing data science to support decision-making, portfolio performance, and operational efficiencies
  • Altus Group Ltd. (AIF) was up 0.44 per cent, trading at C$59.49 as of 10:40 am ET

Altus Group Ltd. (AIF) has released a report examining the state of data science in commercial real estate (CRE) investing globally.

The 2023 The State of Data Science in Commercial Real Estate Investing Report was conducted in the second half of 2022 and is based on a global survey of over 400 CRE executives directly involved in their firm’s analytics and data science strategies, spread through 14 countries across North America, Europe, and the Asia-Pacific region.

Highlights:

  • Data science adoption in CRE is growing, but nearly half of investors still aren’t employing data science to support decision-making, portfolio performance, and operational efficiencies
  • Leveraging data science is cited as a high priority, motivated by competitive differentiation for performance and risk management, asset and portfolio optimization, and business strategy enhancements
  • CRE firms have limited visibility into what their peers are doing in data science and how they fall on the adoption curve in comparison
  • These firms increasingly rely on external providers for their data science needs as in-house development continues to face challenges in obtaining high-quality, relevant data inputs

In a media release on this report, The company’s Vice President of Data Science, Michael Clawar, stated that competitive forces are reshaping many aspects of the real estate industry at a pace never seen before.

“Tapping into data science helps CRE firms identify opportunities others miss, such as which high-potential sectors or profitable properties to invest in. As we help our clients assess their requirements and implement data science capabilities, we’re seeing powerful proof points on how data science can help manage risk and drive performance.”

Altus Group provides asset and fund intelligence for commercial real estate. Trusted by the largest CRE leaders, Altus helps commercial real estate investors, developers, proprietors, lenders, and advisors manage risks and improve performance returns throughout the asset and fund lifecycle. Altus Group is a global company headquartered in Toronto.

The company’s stock is on the rise, having grown 10.14 per cent year-to-date, 27.5 per cent since this time last year.

Altus Group Ltd. (AIF) was up 0.44 per cent, trading at C$59.49 as of 10:40 am ET.


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