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The Honeycomb Effect:
A Cloud Native
Approach to Connecting
and Enriching Addresses
Speakers today
2
Presenter
Walter Baum
Sr. Account Executive
Presenter
Tim McKenzie
Subject Matter Expert,
Location Intelligence for
Cloud & Big Data
The global leader in data integrity
Trust your data. Build your possibilities.
Our data integrity software and data enrichment products
deliver accuracy and consistency to power confident
business decisions.
Brands you trust, trust us
Data leaders partner with us
of the Fortune 100
90
Customers in more than
100
2,000
employees
customers
12,000
countries
Common themes in Real
Estate/ Prop Tech
• Joining large amounts of address-based
data (internal & 3rd party)
• Moving applications to the cloud to take
advantage of powerful computing- AI/ML
• Industry-wide need for unique and persistent
property ID
• Data enrichment for 360 view of a property
4
Messy Location Data => Time + Risk + Inefficiency
• Location is Complex: Addresses, Lat/Long, Shapes,
Lines, Formats
• Data Scientists are not typically used to these data types
• Difficult to join different formats and data types with accuracy
• Lack of reliable, robust 3rd party data
• The availability and quality of data varies greatly country-to-country
• Time to evaluate data is onerous
• Rapid changes in properties, businesses and geo-characteristics
• Keeping a consistent, updated record is crucial for business decisions
• Computationally intense to join and enrich spatial data at scale
• Enriching and adding variables from spatial data is critical, but highly
time consuming
“For every
minute spent
in organizing,
an hour is
earned.”
-Benjamin Franklin
Inventor, Statesman, Insurer
5
A location-centric approach to Master
Data Management (MDM)
03.
Analyze
Apply data science at scale
to gain a competitive
advantage
02.
Enrich
Leverage trusted ID to join
massive amounts of your own
and 3rd party data sources
01.
Organize
Assign a trusted ID that is
unique and persistent to each
address
6
Master Location Data with PreciselyID
WHAT IS IT: Best-in-class geocoding USA dataset that is built, owned, and maintained by Precisely
WHY IS IT SO ACCURATE: HIGH MATCH RATE + BEST IN CLASS POSITIONAL ACCURACY
Build Data
Merge
De-dup
Standardize
Link to our data
Build linkable data
Pre-score the country
Discover additional
addresses
Manage data
synchronization
Data Transfer
204m Addresses
52.7m Secondary
Addresses
Support for
POI’s in Address
Matching
Assign
PreciselyID
81% Within Building
(or better)
16% Parcel Centroids
97% of all locations are at a parcel
centroid level of accuracy or better
7
We’ve assigned a PreciselyID for every address
so you can stop relying on complex multi-field
addresses
Typical Output from Geocoding
8
Mesilla Valley Mall 88011
Input Address Output
700 S Telshor Blvd
Las Cruces, NM 88011-4669 9S6012 CRZ WI53118
Input Address Output
W399S6012 COUNTY ROAD
Z Dousman, WI 53118-9543
1053 Thornton Lake 97321
Input Address Output
1053 NW West Thornton Lake Dr NW
Albany, OR 97321-1352 1 100 #1 10025
Input Address Output
1 W 100th Street, Frnt 1
New York, NY 10025-4857
P0000G4I6A4F P0000PB9B3L2
P0000GL1BBGU
P0000IVQH0XI
8
Schools &
Neighborhood
Hazard
&
Risk Data
Population
Demographics
Property
Attributes
Amenities and
Competition
Parcels
&
Buildings
Build deep analytic datasets with speed and accuracy
PreciselyID
Other 3rd
Party Data
Historical
Loan
Performance
Loan to
Value
9
Loan Portfolio
MLS
Appraisals
Precisely Big Data SDKs
Fast and flexible Spark APIs to support cloud-based architectures
Component Features
Geocoding
• Address Validation & Geocoding
• Reverse geocoding
• Unique and Persistent Address Identifier
Spatial Processing
• Geohash ID Assignment
• Point and polygon
• Spatial join
• Distance to point, shape, line
• 32 Spatial-specific functions
Street Routing
• Isochrone/Isodistance
• Walk-time/drivetime
• Point-to-Point calculations
10
Questions?
Thank you

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The Honeycomb Effect: A Cloud Native Approach to Connecting and Enriching Addresses

  • 1. The Honeycomb Effect: A Cloud Native Approach to Connecting and Enriching Addresses
  • 2. Speakers today 2 Presenter Walter Baum Sr. Account Executive Presenter Tim McKenzie Subject Matter Expert, Location Intelligence for Cloud & Big Data
  • 3. The global leader in data integrity Trust your data. Build your possibilities. Our data integrity software and data enrichment products deliver accuracy and consistency to power confident business decisions. Brands you trust, trust us Data leaders partner with us of the Fortune 100 90 Customers in more than 100 2,000 employees customers 12,000 countries
  • 4. Common themes in Real Estate/ Prop Tech • Joining large amounts of address-based data (internal & 3rd party) • Moving applications to the cloud to take advantage of powerful computing- AI/ML • Industry-wide need for unique and persistent property ID • Data enrichment for 360 view of a property 4
  • 5. Messy Location Data => Time + Risk + Inefficiency • Location is Complex: Addresses, Lat/Long, Shapes, Lines, Formats • Data Scientists are not typically used to these data types • Difficult to join different formats and data types with accuracy • Lack of reliable, robust 3rd party data • The availability and quality of data varies greatly country-to-country • Time to evaluate data is onerous • Rapid changes in properties, businesses and geo-characteristics • Keeping a consistent, updated record is crucial for business decisions • Computationally intense to join and enrich spatial data at scale • Enriching and adding variables from spatial data is critical, but highly time consuming “For every minute spent in organizing, an hour is earned.” -Benjamin Franklin Inventor, Statesman, Insurer 5
  • 6. A location-centric approach to Master Data Management (MDM) 03. Analyze Apply data science at scale to gain a competitive advantage 02. Enrich Leverage trusted ID to join massive amounts of your own and 3rd party data sources 01. Organize Assign a trusted ID that is unique and persistent to each address 6
  • 7. Master Location Data with PreciselyID WHAT IS IT: Best-in-class geocoding USA dataset that is built, owned, and maintained by Precisely WHY IS IT SO ACCURATE: HIGH MATCH RATE + BEST IN CLASS POSITIONAL ACCURACY Build Data Merge De-dup Standardize Link to our data Build linkable data Pre-score the country Discover additional addresses Manage data synchronization Data Transfer 204m Addresses 52.7m Secondary Addresses Support for POI’s in Address Matching Assign PreciselyID 81% Within Building (or better) 16% Parcel Centroids 97% of all locations are at a parcel centroid level of accuracy or better 7
  • 8. We’ve assigned a PreciselyID for every address so you can stop relying on complex multi-field addresses Typical Output from Geocoding 8 Mesilla Valley Mall 88011 Input Address Output 700 S Telshor Blvd Las Cruces, NM 88011-4669 9S6012 CRZ WI53118 Input Address Output W399S6012 COUNTY ROAD Z Dousman, WI 53118-9543 1053 Thornton Lake 97321 Input Address Output 1053 NW West Thornton Lake Dr NW Albany, OR 97321-1352 1 100 #1 10025 Input Address Output 1 W 100th Street, Frnt 1 New York, NY 10025-4857 P0000G4I6A4F P0000PB9B3L2 P0000GL1BBGU P0000IVQH0XI 8
  • 9. Schools & Neighborhood Hazard & Risk Data Population Demographics Property Attributes Amenities and Competition Parcels & Buildings Build deep analytic datasets with speed and accuracy PreciselyID Other 3rd Party Data Historical Loan Performance Loan to Value 9 Loan Portfolio MLS Appraisals
  • 10. Precisely Big Data SDKs Fast and flexible Spark APIs to support cloud-based architectures Component Features Geocoding • Address Validation & Geocoding • Reverse geocoding • Unique and Persistent Address Identifier Spatial Processing • Geohash ID Assignment • Point and polygon • Spatial join • Distance to point, shape, line • 32 Spatial-specific functions Street Routing • Isochrone/Isodistance • Walk-time/drivetime • Point-to-Point calculations 10

Editor's Notes

  1. Product: Master Location Data
  2. Now that we have an ID, the real fun can begin. Let’s start to operationalize your addresses.
  3. We have off the shelf data (footprints, POIs, boundaries, etc.) available to quickly enrich your addresses. This is enabled by the pbKey feature within MLD and the fact that we have pbKeys on our enrichment data. Enriched address provide more context and serve as a better starting point for business operations/challenges/analytics/etc. that appear on the right side of this slide. Device IDs Signal strength Predicted coverage Data consumption by device Average monthly bill Competitive fiber