Photogrammetric Reality Mesh for Real-Time Property Analysis
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Solution Overview
Problem
Determining attributes of a particular living or commercial unit is labor intensive and unreliable, and real-time fair pricing is difficult due to frequently changing data.
Innovation Solution
A system and method for multidimensional visualization using augmented reality and 3D image texture mapping to create a photogrammetric reality mesh, integrating data from various sources and enabling interactive, real-time data analysis and visualization of real estate properties.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If traditional manual data collection methods are used to determine real estate attributes, then users can obtain detailed information about properties, but the process becomes labor intensive and time consuming
Solution Approach 1:
The system automatically collects and processes real estate data from multiple sources without requiring manual intervention. The automated data collection system retrieves property information, market data, and comparable sales records, then processes this data through algorithms to generate valuations and analysis reports, eliminating the need for users to manually gather and analyze extensive real estate information
Solution Approach 2:
Manual data collection and analysis processes are replaced with automated computer-based systems. The system uses software algorithms to process real estate data, perform comparative analysis, and generate valuations, substituting the mechanical manual work of researching and analyzing property attributes with automated digital processing
2Measurement precision
If comprehensive real estate data is collected from multiple sources, then more accurate pricing can be achieved, but the data changes frequently making real-time pricing difficult
Solution Approach 1:
The system continuously monitors and updates real estate data from multiple sources in real-time. The automated data collection system maintains constant connections to property listings, market data feeds, and comparable sales records, ensuring the pricing algorithms always work with the most current information available, thereby maintaining both accuracy and timeliness of pricing
Solution Approach 2:
The system incorporates real-time feedback loops where newly collected data immediately feeds back into the pricing algorithms. When new property listings, sales records, or market condition data become available, the system automatically processes this feedback to update valuations and pricing recommendations, ensuring pricing remains accurate and current despite frequent data changes
3Ease of operation
If detailed real estate analysis is performed manually, then users can evaluate multiple parameters, but the process becomes arduous and unreliable
Solution Approach 1:
The system performs self-service analysis by automatically evaluating property attributes, comparing them against market data and comparable sales, and generating comprehensive valuations without requiring user intervention. The automated algorithms consistently apply the same evaluation criteria, eliminating the variability and unreliability associated with manual analysis while making the process simple for users
Solution Approach 2:
The system provides universal analysis capabilities that can evaluate any property attribute across multiple parameters simultaneously. The same automated platform handles diverse data types including property characteristics, location factors, market conditions, and comparable sales, providing consistent and reliable analysis across all evaluation dimensions without requiring separate manual processes
Applied Scientific Principles
This section explains which scientific principles are used to turn an abstract innovation direction into a practical engineering solution.
Function Achieved in This Case
Facilitates efficient, accurate, and real-time data analysis and visualization of real estate properties, providing insights and enabling informed decision-making through interactive and customizable augmented reality interfaces.
Implementation Method 1
This invention uses photogrammetric processing of many aerial images of a geography area usable to generate a virtual representation in 3D
Data Source
AI summary
Systems and methods are disclosed for multidimensional visualization of data and using the visualization in any of a number of applications to result in visualization configurations usable for a variety of purposes. The system includes one or more processors, one or more databases, at least one graphical user interface (GUI), and control technology for a user to control a display, where the display typically is visualizable through the GUI.