Data Tech company Big Value (Co-CEOs Gureum and Lee Byung-wook) announced that it signed a business agreement (MOU) with Konkuk University’s Graduate School of Real Estate to advance AI (artificial intelligence) and data-based real estate research and education. The signing ceremony was held in the Dean’s Office of Konkuk University’s Graduate School of Real Estate, and was attended by key officials from both sides, including Dean Shin Seung-woo of Konkuk University’s Graduate School of Real Estate, Professor Yoo Seon-jong, and Big Value’s Gureum CEO.
The purpose of this agreement is to establish a practical industry-academic cooperation system in the real estate field based on AI and data technology, and to promote the spread of AI-based real estate research through this. Big Value will provide its high-precision real estate data to Konkuk University’s Real Estate Graduate School, and based on this, empirical and practical research will be promoted.
The data provided by Big Value covers over 1,000 types of information, including buildings, housing prices, rents, land, factories, and assets, and is high-quality data that has been refined and processed to suit research purposes. Researchers can directly analyze data at a high level of precision through the 'Big Value Platform'.
In particular, as empirical analysis becomes possible on various real estate issues, including the recent social issue of lease fraud, commercial property prices, and non-residential facilities, the related data is also expected to lead to the development of AI models that can contribute to policymaking and solving social problems.
The two sides are also discussing various follow-up cooperation plans, such as expanding data access to Konkuk University Library and joint research projects with data scientists affiliated with BigValue.
Big Value has a large-scale machine-readable data infrastructure including population, space, and corporate data, and the data is recognized for its reliability and accuracy to the extent that it is used as a standard for real estate collateral loans in the domestic financial sector. In addition, it is being used in various industries such as major domestic and foreign financial institutions, franchise headquarters, central government, and local governments.
The CEO of Cloud Big Value said, “Real estate is an important research subject that goes beyond simple assets and has a wide-ranging impact on the lives of citizens and social structures,” adding, “We hope that this industry-academia cooperation will lead to more practical and tangible real estate innovations.”
- See more related articles
You must be logged in to post a comment.