Quant, led by Ahmed Bukhamseen, is revolutionizing Saudi Arabia’s real estate market by providing comprehensive data solutions to buyers and investors. With a focus on compliance with local data laws and partnerships with Huawei, the company offers an app that streamlines real estate transactions and enhances user experience through advanced data processing. Future plans include expanding services to retailers and incorporating rental market data.
Saudi Arabia’s real estate market, despite its wealth, historically suffered from a lack of data. Ahmed Bukhamseen, through his company Quant, aims to transform the property investment landscape by providing comprehensive pricing information to various stakeholders, including buyers and investors. At the Mobile World Congress in Barcelona, he discussed how data serves as the foundation for Quant’s operations, focusing on compliance with local data protection laws similar to GDPR, enforced by the Saudi Data and AI Authority.
Quant’s journey toward modernizing real estate data began with its shift from using Microsoft Azure in Europe back to local servers in Saudi Arabia. This transition was essential for ensuring data protection compliance. Initially, Quant relied on municipal data, but evolved by integrating additional local information and high-resolution satellite imagery to create a richer dataset for users.
The company’s data processing approach changed as their operational needs grew; real-time satellite imagery was crucial for project updates. They initially collected images bi-weekly but are moving towards a daily collection to enhance service delivery. To optimize user experience on their mobile app, they tested Huawei for low latency, essential for handling high-volume data streaming effectively.
Quant’s app democratizes the property market, making it accessible to a wide audience from first-time buyers to seasoned investors. It synthesizes diverse data sources, including pricing, satellite imagery, and approved planning documents, enabling users to navigate the property market seamlessly. Future plans for Quant include enhancing data offerings through object detection to provide detailed insights into building plans through satellite observations.
While Quant possesses the technical knowledge to create models in-house, they partner with Huawei to expedite model deployment, reducing the time from six months to just four hours. This collaboration enhances service efficiency and speeds up data analysis productivity.
Quant is also developing services to aid retailers in site selection based on demographic data and augmenting their offerings to include rental market insights. As Saudi Arabia’s real estate sector continues to evolve rapidly, the firm, alongside Huawei, emphasizes the need to maintain pace to maximize investment returns swiftly. Their vision enables foreign investors to easily access real estate opportunities in the region with a simple app interface, requiring a solid understanding of market growth areas and costs before investment decisions.
For more information, users can download the Quant app and explore Huawei’s service options in Saudi Arabia and beyond.
Quant is transforming Saudi Arabia’s real estate market by leveraging advanced data solutions, ensuring compliance with local regulations, and collaborating with Huawei for enhanced service delivery. The integration of diverse data sources allows for informed property investment decisions, catering to a broad range of users. As they continue to innovate, Quant aims to make real estate investment seamless and accessible, indicating a shift toward a more data-driven property market in Saudi Arabia.
Original Source: www.artificialintelligence-news.com
