NATIONAL real estate consultancy Naismiths has revealed a new state-of-the-art analytics platform that will revolutionise the due-diligence process for property developments.
The newly-formed Naismiths Analytics division marks the first time that the consultancy has developed a digital analytics platform, using its own data gained from the monitoring of thousands of property development projects.
The significant data-led investment means that the team can now more accurately predict and monitor cost, risk and programme duration. Further capabilities include the ability to stress-test assumptions on all the key project variables and consider the risk profile of an entire property portfolio.
Richard Winson, director of Naismiths Analytics, said: “By fully understanding the key metrics and risk factors, we can use our data and insights to assist a wide range of stakeholders. We are confident that our new platform will revolutionise the due-diligence process and bolster confidence when it comes to stakeholders making key decisions about property developments.”
Ben Harwood, managing director of Naismiths, said: “This is a significant step for us as we embrace a digital approach in the evolution of how we appraise and monitor projects more effectively. I expect great things from the new division and we are very proud to launch this platform as a business first for Naismiths.”