The GIS in the Real Estate Industry (Essay Sample)

THE GIS IN THE REAL ESTATE INDUSTRY
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Geographic Information system (GIS) is a computerized data management system that is used for the capture, storage, retrieval, analysis as well as the display of locally defined data that is referenced by spatial or geographic coordinates. This technology has proven to be of great importance in retrieving, comprehending, alongside analyzing information found in databases. This essay looks at the application of the GIS in the real estate industry.
The software has changed how real estate industry collects and manipulates its data. The software enables the user to display the locally defined data that is most often found in databases in easy to comprehend visual displays presented as colorful maps on the screen of the computer. This technology also adds value to the real estate industry as this technology enables data assembly as well as the analysis by allowing one to integrate otherwise disparate database.
The geographic information system is very resourceful when it comes to the decision-making. This technology helps in coming up with the ideal decisions concerning the location. Typical examples include the real estate sites selection, route selection, evacuation planning, natural resource extraction and conservation as well. Coming up with proper decisions concerning location is critically significant to the success of the real estate business. Good decision-making is an indispensable requirement not only in the real estate business but also in any other business.
In summary, the real estate industry is heavily dependent on the geographic information system due to its numerous advantages. The GIS helps in proper decision-making in terms of the appropriate location for the real estate. This absolutely imperative since the location of buildings is dependent on various factors especially the weather factors and as a result, the selected site must be safe to ensure the safety of the occupants of the real estate to be constructed . Another significant importation of the GSI system into the real estate business is the fact that it helps in the storage and retrieval of information. This is important since proper storage of information is imperative for the purpose of record keeping. In view of the reasons above, the GSI is an indispensable requirement in the real estate industry.
References
Anselin, L. (1998). GIS Research Infrastructure For Spatial Analysis Of Real Estate Markets. Jou...