MANHASSET HILLS, NEW YORK, Jan. 27, 2016 /PRNewswire-iReach/ — Cognub Decision Solutions (aka Kreara Solutions), the first cognitive decision science company in Real Estate, today announced a new “insights as a service” platform for the real estate ecosystem in USA. This new generation platform is embedded in PropMix, a new proprietary real time data aggregation, validation and retrieval engine. Cognub will use the data APIs provided by the Propmix platform to build dynamic prediction models and deliver compelling and targeted insights that will help brokers/agents, appraisers/lenders/investors and the digital consumer make decisions about real estate properties, localities and service providers.
Real estate decisions are often very subjective, uncertain and difficult to predict accurately. Some of these decisions include timing of the sale, price, interest rates, agents/property/locality that is best-fit etc. Cognub decisions are based on real-time data and insights. They also take into account past history and a variety of leading, lagging and coincidental indicators that powers a platoon of dynamic models. The Cognub platform uses price premium determinants such as seller profile, seller strategy, bidder strategy, and other big data components from MLS, Appraiser, Assessor and Foreclosure databases to build models that optimizes the cognitive efforts of sellers, buyers and appraisers.
Software vendors can consume these insights using RESTful APIs. In addition, the users can use our smart app builder module to easily build web and mobile applications and enable field users to take market decisions. Cognub also provides a powerful data exploration and visualization module and serious gaming frameworks to help the users engage with the data. The platform uses powerful open big data engines, realtime data analytics and machine learning algorithms to achieve this task.
“Cognub insights will directly cater to the needs of apartment buyers and investors interested in the projected long term return on an investment they make. It also allows the agents and appraisers to get a value proposition on a certain property for sale. This will greatly help us to provide mathematical evidence to our customers who would like to work out finer details” said Prasad Siva, CEO, Condor Builders, UAE.
As part of this launch, Cognub is also introducing a “Cog Fellow” internship program for undergraduate students. This program will identify students from USA, UAE and India who has an aptitude towards applied mathematics and AI and provide paid internship opportunities to work on large scale machine learning, natural language processing and artificial intelligence initiatives in real estate, healthcare, automotive and financial services.
“Cognub has been delivering cutting edge descriptive, prescriptive and predictive data analytics solutions to our customers for the last decade. The recent acquisition of Cognub by Innovation Incubator Inc enables us to take the PropMix framework and integrate our cognitive insights to create a first of a kind scalable platform. This new platform will enable our customers to opt for cloud based cost effective usable analytics as you go” said Anoop P. Ambika CEO of Cognub (aka Kreara Solutions). “With deep expertise in AI, statistics and applied mathematics, our team of data/cognitive computing scientists look forward to redefining the real estate self service delivery paradigm”.
About Cognub Decision Solutions
With 12 years of experience and 50+ data scientists, Cognub (aka Kreara Solutions) is the first cognitive computing company serving multiple verticals helping dozens of global firms, with a reputation for rigor in data collection, analytics and providing strategic insights. As enterprises demand more intelligence beyond the legacy data, we offer the cognitive insights as a service platform which leverages a category of technologies that uses natural language processing and machine learning to enable people and machines to extend and magnify human expertise and cognition. An Innovation Incubator portfolio company, we have our US office headquartered in New York Massachusetts with offices in Virginia, New Jersey, Boston and Thiruvananthapuram, India
Media Contact: Bindu Krishnan, Cognub Decision Solutions, 9543338318, firstname.lastname@example.org
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