Saudi Arabia’s real estate market is undergoing transformation through Quant, led by Ahmed Bukhamseen, which is utilizing comprehensive data solutions and cloud services from Huawei to deliver transparent property information to a diverse audience. Their mobile application enhances access and decision-making for investors and individuals alike, while future developments aim to integrate more sophisticated data analytics.
Saudi Arabia’s real estate sector, despite being lucrative, has historically lacked adequate data. Ahmed Bukhamseen, CEO of Quant, has aimed to revolutionize this by providing comprehensive pricing and property information for investors and buyers. With a robust data infrastructure at its core, Quant encompasses details such as advertised prices, geo-spatial data, and ongoing construction information, thus facilitating a transparent investment environment.
During Mobile World Congress in Barcelona, Ahmed discussed the company’s journey and challenges related to data protection laws, which mirror the EU’s GDPR and are enforced by the Saudi Data and AI Authority. This necessitated a shift from Azure services in Europe to local data hosting in Saudi Arabia, ensuring compliance with regulatory requirements.
Initially relying on municipal data registries, Quant has enhanced its offerings with local insights and high-resolution satellite imagery, generating updated visuals for construction sites. However, data management required more robust storage solutions due to escalating costs associated with frequent image retrieval. Transitioning to Huawei’s cloud services, Quant sought to address latency issues crucial for delivering a seamless user experience on their mobile application.
The Quant app democratizes real estate access for a diverse audience, from first-time buyers to seasoned investors, by aggregating property prices, maps, and authorized planning documents. Looking ahead, Quant plans to enrich its data further, focusing on advanced features like detecting specific building projects through satellite technology, illustrating the synergy between space data and urban development.
In collaboration with Huawei, Quant aims to leverage cloud computing for rapid model deployment, significantly enhancing operational efficiency. Future projects include advising retailers on optimal store locations by analyzing demographic data, alongside initiatives targeting the rental market. As Saudi Arabia’s development progresses, Quant and Huawei emphasize the necessity for swift data adaptation. Investors can expect to engage in the real estate market easily, equipped with comprehensive data to make informed decisions.
Quant, under the leadership of Ahmed Bukhamseen, is pioneering advancements in the real estate market of Saudi Arabia utilizing data-centric solutions. By collaborating with Huawei, the company ensures compliance with local regulations while enhancing accessibility and efficiency. The Quant app serves as an essential tool for various stakeholders in the property market, promising to reshape investment experiences through innovative data applications.
Original Source: www.artificialintelligence-news.com
