Tag Archive: Hamin Balaporia

  1. We Tell All On How AI Will Change Homebuilding at DCX 2018

    Our team went down to cool and sunny Austin this year for the Digital Transformation Summit by BDX to learn what new digital trends are on the market and how the homebuilding industry is contending with new digital challenges in an ever-evolving space.

    Tim Costello of BDX

    How will AI Change Homebuilding?

    Knowing that we’d be challenged by Tim Costello, CEO at BDX, to be disruptive and to disrupt ourselves, we wanted to address the massive force that is artificial intelligence and machine learning. All companies today, including homebuilders, sit on vast amounts of data. With the massive rise of cognitive intelligence tools such as Google Cloud and IBM Watson, our industry must begin to experiment with how to make use of AI to leverage that data.

    Shagane Barsegian Launey, VP of Product Design, Ludmilla Schappert, EVP of Product, and Hamin Balaporia, EVP of Technology, hosted a workshop at the DCX Zonda lounge to help identify entry points for starting the AI journey.

    The Meyers Research team at DCX 2018

    If you have taken a Lyft or Uber, chances are you’ve encountered a chatbot. Intelligent chatbots are conversational user interfaces that send timely notifications or help us accomplish simple tasks. Or perhaps you have used a support bot to find a restaurant, which makes recommendations based on questions you ask. In this case, instead of having to browse through search results for “Chinese Restaurants nearby” and compare all the details between restaurants to make a decision, you might instead prefer the ease and the productivity of getting a personalized recommendation. Chatbots are able to make these types of recommendations by pulling data from a database of knowledge the software contains and making relationships with that data. There are countless other examples of how we can use AI; it’s been used to trace retail shopper trends by counting cars in parking lots, and to optimize job descriptions to have greater submission rates.

    During our workshop, we mapped ideation paths for teams to explore pain points: work and people. If you conduct this exercise with your team, the insights you discover will help you track AI developments through a more focused lens and be ahead of the homebuilding industry to adopt advancements that ease and alleviate your pain points.

    WORK

    • What are you and your company slow at? How can we make it faster?
    • What is repetitive? How can it be more intelligent?
    • What tools do you use? How can they be enhanced?

    PEOPLE

    • Where is your training effort? How can we shorten the cycle?
    • What takes a lot of time? How can we expedite it?
    • What is your largest labor force? How can we assist it?
    Zonda: Your Tool For Democratizing Data

    Although data has always been an integral part of the homebuilding industry, access was traditionally limited to those within a company’s research team, and not fully accessible to the greater organization. Extracting information from the data was slow and time-consuming, sometimes taking days to get answers. As we interacted with a diverse sales and marketing crowd at the Zonda Lounge over the course of the event, it was clear that the tide is changing for liberating intelligence.

    Freeing up access to the data means that we are now seeing more teams framing their strategy on the foundation of data, no matter where they fall on the org chart. From executives who used to depend on someone to compile a report for them, or an analyst who was isolated from access to the data.

    But not everybody is on board at first, and typically there are questions that organizations need answered in order to understand how data quality holds up and will integrate with the unique systems and processes established in their organizations. Thus, we will often first dive into discovery to understand your goals, your mix of tools, and to help your team with specific recommendations on where you can be running more efficiently, such as tracking pricing daily or opening instant access to the latest land listings. As we look ahead our goal is to help more builders have instant information at their fingertips.

     

    Schedule Data Discovery

     

    Top Tweets Showcasing Culture, Vision, and Innovation

    From Lennar, BDX, Zappos, and Southwest Airlines, here are the top tweets we’ve gathered highlighting the biggest takeaways from each session:

    Follow the hashtag #BDXSummit to read more trending tweets on what happened at DCX.

  2. Meyers Research Appoints Leadership Team For Zonda

    Meyers Research, the housing industry’s leading provider of rich data for residential real estate development and new home construction, announced the promotion of 6 key leaders.

    “We are thrilled to announce promotions in our incredibly diverse and interdisciplinary team with people from all backgrounds from design to technology to economic research. We are answering the demand of the strong housing market, and are hiring rapidly to support our client base.”

    – Jeff MeyersPresident

    Zonda, a Meyers Research iPad app containing data and analytics for the housing industry, hit record new sales and recently celebrated over 30+ releases. Zonda currently stands as the homebuilding industry’s only mobile data platform with real-time updates combined with rigorous analytical research.

    Due to its success, Meyers Research has announced exciting promotions for key members. These promotions are a result of their continued commitment to deliver valuable data that has driven organizational success for thousands of clients.

    1. Ludmilla Schappert, Executive Vice President, Product Development
    2. Melissa Billiter, Chief Financial Officer
    3. Amy Dudley, Executive Vice President, National Sales
    4. Hamin Balaporia, Executive Vice President, Technology
    5. Shagane LauneyVice President, Design
    6. Ali Wolf, Director, Economic Research

     

    Ludmilla Schappert, Vice President, Research Technology

    Melissa Billiter, Vice President, Accounting

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    About Meyers Research

    Meyers Research, a Kennedy Wilson Company, is the housing industry’s leading provider of rich data for residential real estate development and new home construction. Headquartered in Costa Mesa, CA, the company has developed an innovative Zonda iPad application geared for homebuilders, multi-family developers, lenders, and financial institutions to analyze the latest housing market trends, and inform the strategic thinking behind its premier consulting practice.

  3. Customer Success Story, Meyers Technology Services Group Streamlines Financial Reporting

    Meyers Research’s Technology Services group recently worked with a few companies in real estate to streamline their reporting process with customized technology solutions. Our team helped transform a fragmented data architecture buried in multiple spreadsheets into an elegant system for business reporting. Here is a quick case study providing insights to how our team worked in tandem with our clients to create a new process:

    The Problem
    Our clients, like many builders, store incredible amounts of data in spreadsheets. This important data, which is central to their operations, is generally scattered and maintained in multiple files with various versions. The disjointed system creates inherent issues throughout the organization, including:

    • Aggregating data that involves copying, pasting, and running macros that can be error prone
    • Disconnect in data that is manually pulled together from accounting systems into a spreadsheet to generate cash flows
    • Time-consuming process to create up-to-date cash-flow, equity position, exposure, etc.

    The Approach
    Our team implemented a new system that stored data into a central repository. This allows from improved functionality as well as some additional benefits:

    • Instantaneous roll-up and reporting at the click of a button
    • Integration to accounting systems like J.D Edwards or QuickBooks
    • Running various reports instantaneously (e.g. cash-flows and equity positions)
    • Dashboard capabilities in order to visual financial exposure more effectively

    What Makes Us Distinctive
    Our Technology Services group has the unique capability to combine real estate knowledge with technological expertise. This distinguished approach allows us create robust data tools to help our clients make informed decisions.

    meyers_research_technology_services
    Hamin Balaporia, Vice President, Technology
    EMAIL HAMIN | HAMIN’S PROFILE

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