Develop AI that estimates a price of real estate properties in Tokyo. ITANDI.inc

SAN FRANCISCO - July 16, 2015 - PRLog -- Japanese internet real estate company, ITANDI.inc (Tokyo, CEO : Yoshimori Ito), developed  AI which estimates a price of real estate in Tokyo.It achieved 94% accuracy by using Deep learning method. Also, the company started a service named “VALUE”  targeting on real estate investors as the first project using  AI.

Achieved an accuracy rate of 94 percent by using Deep learning.

”Deep Learning” is a technology which uses a model how human brain cells work, and it is paid an attention in the field of artificial intelligencel that learn and predict answers by itself. ITANDI.inc launced the first AI predicting real estate properties in Japan using deep learning. The coefficient of determination of conventional way of a valuetion of properties using the hedonic approach is about 0.9.However, that of AI ITANDI.inc developed is about 0.94.Using past 25 years information of properties in Tokyo and economic indicators like interest rate and Nikkei Stock Average, 35% of prediction of  ”Value” is only different by 5% and 64% is by 10%.

Start a service named “VALUE” which is targeting on real estate investors as the first project using the AI .

Itnadi plans to launch servics using AI such as predicting the price of properties and analyzing vacanct rates.“Value” is the first project of them.It picks up value properties to analyzie all information in the market.it can support investors who plant to purchase Japanese properties all over the world.Service fee is 50$ per month.

Value β, test version of “Value” , used by about 100 people. According to questionnaires for them, 90% answered that the information from this was useful to invest and 80% answerd that they found candidate properties to purchase. The amount of money that foreign investors used to purchase Japanese real estates is about one trillion.Through distributing information about properties in Japan such as past information of them or fair value that are hard to get for foreign investors, “Value” support them.