Native Integrations of CoreLogic Data into Snowflake’s Apps Will Lead to a Flurry of Unique Property Insights
Data drives decisions. However, it can be a complex challenge to access the right data when and where you need it.
Solving this conundrum has resulted in collaborative data architecture environments like Snowflake becoming the key to ensuring that crucial functions can continue and that innovation can thrive. To truly harness the power of such an environment, companies must have ready access to deep archives of property data through apps that are developed for native integration into that environment.
By CLIPing property portfolios to apps developed for Snowflake, individuals can quickly run enterprise-wide analyses. This opens the door to solving more complex scenarios and gaining deep insight into the future health of investments. Whether it’s mitigating financial exposure by modeling the investment potential of a single-family rental portfolio or gleaning climate risk insights to adhere to upcoming SEC guidelines, having the possibility to analyze the right data at the right time — and all within one environment — will define the future of business.
Property Data That Provides Future Insights
Damages to real property and infrastructure can drive financial losses if not adequately insured. For large events like Hurricane Ian or West Coast wildfires, those losses can include economic capital reserves for financial institutions. But if you’re in the business of trying to assess how future weather events could affect the level of economic capital at a bank, that’s a tricky proposition.
To prepare to support the bottom line of business in the face of climate change, enterprises need a complete dataset for the present. Components such as location, building size, number of structures, materials used, reconstruction cost value and first-floor height are all necessary to render a comprehensive picture of the current state of a property portfolio. However, developing unique identifiers for properties that are correctly linked to data sources requires an unrivaled breadth and depth of residential and commercial property data.
Even if companies have access to property data aggregation, reconciling inconsistencies has long posed a challenge. That challenge, however, no longer inhibits innovation. By plugging into property characteristics for 99.9% of U.S. parcels, you can account for property merges, subdivisions and inactivity, as well as align information on property geospatial characteristics and environmental hazards.
To unlock the insights associated with each individual U.S. property and enable the rational decision making that will influence the future, data should be available within a click.
Harness CoreLogic Property Data Within Snowflake’s Tech Stack
Amassing the data required to prepare for the future should not add to the complexity. Instead, data should be at your fingertips to rapidly provide the answers to the tough questions about climate risk and its impacts on property portfolios.
Securing future success in today’s volatile real estate business environment will depend on how companies approach property data. By connecting to data within a single environment like Snowflake and enriching it with the analyses available through CoreLogic’s native apps, you’ll put yourself on the fast track to the future of data science.
Shape your future and that of the largest asset class in the world by CLIPing into the data that can help you rapidly identify and deploy new insights. And with Snowflake, you can do it all from one place.
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