Introduction: An overview of Temy’s foundation and the beginning of its partnership with Reali
Harnessing AI for Market Innovation, where we spotlight the dynamic partnership between Temy and Reali. This collaboration brought advanced AI technology into the real estate world, transforming how transactions are handled by offering predictive insights that empower users and set new industry standards. Get a closer look at how this project started, the challenges faced, and the significant impacts it made in redefining the real estate market.
The Genesis of a Groundbreaking Project
In November 2017, Temy teamed up with Reali to create a Price Predictor tool for Reali’s platform. This tool uses machine learning and a vast amount of historical data to predict house prices with great accuracy. The main goal was to provide Reali’s users with AI-powered insights, helping them make smarter decisions when buying or selling properties, which in turn boosts their confidence and satisfaction.
Building the Tech: Challenges and Breakthroughs
The initial stages of development were not without their challenges, especially concerning data quality. Early on, Temy’s team recognized that inaccuracies in the dataset could potentially compromise the predictive model’s effectiveness. In response, a bespoke script was developed to meticulously filter out these errors, which significantly improved the accuracy of the price predictions.
Temy’s dedicated team, comprising two front-end engineers, two QA engineers, a back-end & big data engineer, a data scientist, a Python engineer, and a DevOps specialist, collaborated intensively. They integrated advanced neural networks and linear regression techniques into Reali’s platform. This effort not only enhanced the model’s precision but also ensured seamless adaptation to the dynamic real estate market through ongoing improvements and agile development practices.
