CoreLogic Australia has announced its partnership with Snowflake, the Data Cloud company, to launch its Market Trends solution on Snowflake Marketplace. This move will enable joint customers to seamlessly access CoreLogic’s housing market metrics and data-driven insights, which will help in facilitating faster decisions, building property-related marketing content quickly, and increasing operational efficiencies.
Snowflake Marketplace is a platform powered by Snowflake’s cross-cloud technology, Snowgrid, which enables businesses to find, test and purchase the data and applications they require to innovate for their business. It simplifies discovery, access, and the commercialisation of data and applications, allowing businesses to unlock entirely new revenue streams and extended insights across the Data Cloud.
CoreLogic’s Market Trends solution features 40 years of granular property market metrics and indicators by suburb, postcode, local government area, capital city, and state in Australia, plus aggregated statistics that demonstrate how the market is moving on a broader scale. This partnership will help joint customers make informed business decisions and drive innovations by providing monthly snapshots that will broaden market knowledge.
The availability of Market Trends on Snowflake Marketplace is expected to enhance speed, efficiency, and accuracy in decision-making. According to James Vaughan, Data Products Senior Leader, CoreLogic, “CoreLogic now connects joint Snowflake customers to the latest market data in real-time, enhancing speed, efficiency, and accuracy in decision-making; three capabilities we know have never been more crucial for our banking and finance, real estate, government, and insurance clients.”
Snowflake’s unique architecture is designed to simplify the data pipeline and eliminate complexity, enabling every organization to be data-driven and have CoreLogic’s property data and insights at their fingertips. This means that whether it’s a bank or lender using the data to determine the opportunity or risk associated with a specific location or a real estate agent extracting insights to demonstrate local knowledge to win more listings, Market Trends is trusted and relied upon by business decision-makers across diverse industries.
Clive Astbury, Director of Sales Engineering, Snowflake Australia and New Zealand, said, “As Snowflake continues to empower organizations to mobilize their data, partners like CoreLogic give our customers a space where they can seamlessly access data and unlock new insights with Snowflake Marketplace, enabling them to make faster decisions and improve operational efficiencies.”
With Market Trends on Snowflake Marketplace, joint customers can now outsource file retrieval, leverage powerful property insights faster with lower implementation costs on platforms many organizations already use, and make faster and more cost-effective data-driven decisions with automated monthly Market Trends data deliveries. Additionally, customers can purchase the latest month only or buy historical back series and subscribe to future updates. They can also benefit from simplified data management and ingestion, including built-in security and data governance with the Snowflake Data Cloud.
This collaboration between CoreLogic and Snowflake is an exciting development that will enable businesses to make faster and more informed decisions by leveraging the power of data-driven insights. It is expected that this partnership will drive innovations across different industries, including banking and finance, real estate, government, and insurance, among others, and unlock new revenue streams and extended insights across the Data Cloud.