Too Much Information!
Kate Davies CBE FRICS
Consultancy to help the property, technology, investor and maintenance sector understand social housing better.
Housing associations have so much information they cannot use it to make the improvements they seek.
What we actually “know” about our each of our homes is immense, and if pushed (and with hours of time) we can usually find the answer. For decades we have collected information on the design and building process, the rectification of defects, the repairs history (3 to 4 pa),? cyclical and one off improvement works - it soon adds up to a bulging file, with pictures, floor plans, details of contracts, appointments made and cancelled, calls made and received, visits by surveyors and housing officers.
?Having the information is great, but of course having too much information can leave us paralyzed, unable to see the patterns that matter – we cannot “see the wood for the trees."
?I know artificial intelligence (AI) is all the rage, and it can seem to be just one more thing to trouble us, but for me AI could change all this. We have access to vast data sets, but we cannot identify subtle links. Which factors matter most? - the builder, the design, the unit type, year of construction, the components that it is built from, estate and property location, the investment profile, the age and number of residents, or even the weather – to the needs of the property? The complexity of the data stops us understanding the needs of the homes and the most economic and efficient way to invest in each one to prolong its useful life, to increase its value and to make it suitable and comfortable for the residents who live there.?
AI has amazing capabilities. Algorithms can analyse millions of date points and find relationships between variables that appear to be unrelated. Machine learning models, for instance, can combine structured and unstructured data—such as number of repairs with customer feedback —to provide a more holistic view of what works should be prioritised. AI can be used to summarise the most important property information on each home so that colleagues (and tenants) can get a good understanding of its history, its future and what it needs to meet the customers’ requirements. At the moment staff taking calls from residents struggle with correctly diagnosing a problem as described by the house holder, and with specifying what is needed from the DLO or contractor. Even the most experienced will rely on their hunches and guess work. The less experienced are likely to get it wrong time after time. AI could do the job a lot better, leaving staff to help people who need a personal service.
AI will also help with strategic decision making. Looking at the asset base of an association in terms of its value and liabilities should be a priority for main boards given this is “the greatest asset” any social landlord has. AI analysis on property needs could quickly flag up which require major investment, when; which home types are especially popular and why; which homes have the potential for extension; which homes are uneconomic to repair; which have had loads of repairs but are still causing dissatisfaction – suggesting there is a bigger problem to solve etc. Strategic asset management is the professional discipline that all associations should be striving for as it has the potential to improve customer satisfaction, remove health and safety hazards rapidly, dispose of unattractive and hard to let homes, create plans to achieve net zero and save a great deal of money wasted on responsive repairs.?
AI doesn’t just analyse data—it tidies it up and organises it to answer the questions boards and senior teams need to ask. By pulling out key trends and relationships, AI could allow associations to make informed decisions quickly. It eliminates the guesswork and noise, ensuring that the forest—and not just the trees—becomes startlingly clear.
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Senior Consultant at Civiteq
2 个月There's data and then there's quality data....not sure if I agree with what I am about to say but the above about using AI is reliant on the immense amount of data being good so is the first step still looking at the data and how it is collected?
CEO at 3C Leading Social Housing Data and Technology Consultants
2 个月It is going to be extremely interesting to see where AI takes us Kate. I’ve been watching this area very closely for a number of years now, forecasting that massive changes to the way AI allows us to manage data are just around the corner. It hasn’t happened yet and indeed, I’m now beginning to think it’s a bit further off, but it’s coming and we need to embrace it.
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2 个月Julia Mixter (Chartered FCIPD) indeed natural language search leader like ThoughtSpot helps in making answers accessible to more people in the business than the typical few analysts. Three things will improve accuracy, joined up modelled data, rich metadata (we can now use Ai for Ai and let the human in the loop review) and training of GenAi model on housing i.e. verticalised industry training. I also think, firstly the next wave of analytics will be invisible, chatgpt (conversational) style interface where facts, insight and recommendations become immersive into one. Additionally, as cost of compute lowers and technology improves. The data will be automatically monitored 24/7 to flag issues that require assessment. Good article Kate Davies CBE FRICS
Voluntary & Community Sector manager and mentor, focusing on people's strengths and expertise. Asset-based community development (ABCD) is led by the skills, networks and knowledge present in every group and place.
2 个月Ah, that's brilliant. There's me thinking the surveys and visits that are never followed with action were down to poor comms and staff turnover. And ignoring tenants' profound knowledge of what needs fixing was down to entrenched refusals to listen to or learn from us. But hey, it was just because housing staff need AI not people to tell them what is needed. Great. In a decade or two when landlords have learned to understand and use data and a generation of surveyors, skilled builders and tradespeople have been trained, the gutters and drains will be cleaned regularly and homes will be maintained again. Can't wait.
Talks about #AI #Business Transformation #Digital Transformation #Change #HR #culture #strategy implementation. Director of Transformation who aligns people, process, tech and data to deliver outcomes.
2 个月Absolutely agree Kate Davies CBE FRICS and I think the other requirement from AI is making access to that information easier. Many people leave their understanding of tables, line charts and bar graphs behind at the age of 16 after gcse maths. But they are expected to come in to work and suddenly do fairly complex data analysis. We either need to train people well in data literacy or give easier access to data through natural language tools such as www.thoughtspot.com