By: Baggins

Baggins — Fri, 19 Feb 2016 03:20:50 +0000

If there is any relation to what is coming in real estate related big data, to the problems already observed in big wall street data, we’ll have a serious problem on our hands. What is programmed in a computer, is easily manipulated by a person with biased interests. There will never be an avm or data reporting standardization approach which will successfully mimic, predict, or be able to actually understand, what a human is doing. One good illustration of this is road frontage, and the UAD notations for road adversity or average or by park, etc, etc. Although UCDP may track and recognize individual points of entry from other appraisers reports, the UCDP does not consider over all road frontage, and cannot make critical logical decisions on where that consideration regarding location begins, or ends. All the UCDP does is match data points, but it is not sophisticated enough to draw logical conclusions based on complex factors, like how an appraiser may review the landscape, and recognize where obsolescence begins and ends. And if the jr greenthumb appraiser who came before you noted that as no traffic, oh boy now there is a data emergency that requires additional explanation and report revision. Of course it must be the second appraiser who did wrong, because it was his data which did not match the existing data which came first. By the time UCDP ever maps all the properties which come through the pipeline in a 20 to 30 year period, and could successfully make sense of some of it, the programming and software will be long obsolete anyways. Big data will never replace a human. The arrogance of the people promoting big data is entertaining. They’re the only ones who have faith in their technogods. We have faith in something higher.

Comments on: Computer Generated Value vs Human Brain

By: Baggins