Large commercial development firm, Company X, struggled to dedupe proprietary data and to map various data sets to each other. Layering data and integrating new information to their database seemed like a nearly impossible task due to the disorganized state of their datasets.
Company X was spending a ton of time, energy and resources looking for ways to improve their team’s ability to layer multiple data sets on top of each other to enhance property analysis. Their inability to properly analyze data negatively affected their strategic planning, as well as the efficiency by which their commercial real estate team was able to understand specific markets, identify target properties and connect with property owners.
“Our partnership with Reonomy has created significant efficiencies in our data systems, with Entity Resolution and the Reonomy ID operating as the core part of the sophisticated resource we are building.”
Company X partnered with Reonomy to leverage Reonomy’s enterprise products, including access to the web application and direct integration with the Entity Resolution and Data APIs.
By integrating with Reonomy’s Entity Resolution API, Company X managed to cleanse their data by resolving duplicate entries to a single entry with a 95% match rate across all data schemas. This is a tremendous improvement for their database management, as they are not only operating with cleaner data due to Entity Resolution but with the ability to scale their systems.
Company X is now able to stitch together different datasets, either from the Reonomy Database or exclusive sources, by joining them along a single reference ID — the Reonomy ID. Each property has a unique identifier that allows data points from any data set to be mapped to their database in real time.
Within the first 90 days, Company X saw improved resolution of new duplicate entries into a single entry by ~10% and increased prospect lists by several multiples, with the highest degree of improvement seen in secondary markets.