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New CRERC Mini Project

last modified Mar 12, 2019 01:21 PM
CRERC's Thies Lindenthal leads on a CDBB mini-project to improve the foundations for applying tried-and-tested machine learning (ML) approaches to the built environment.

This project improved the foundations for applying tried-and-tested machine learning (ML) approaches to the built environment. If anything, the cost of developing ML systems has dramatically fallen in the last years – and is expected to further decrease in the future. Still, collecting data for training and evaluation of machine learning system remains complex and costly. Deploying a trained model for inference at a large scale, soliciting feedback on model predictions and managing the flow of expert feedback into new iterations of a model is a also challenge.

This mini project reduced the cost of creating and deploying ML systems by creating versatile and extendable API’s, data management infrastructure and mobile apps. A future version of the API’s might be commercialised in areas like mortgage origination, insurance claim processing or property tax (non-UK, though) estimation.

How can we cost-efficiently scale ML research in the built environment from a one-city scope to the national level, manage training and evaluation data, deploy production systems for inferences and collect feedback from human experts efficiently? We believe that new software tools are pivotal in addressing three core challenges for researchers utilising ML in the built environment.

1. Collect expert input and feedback efficiently

2. Integrate with other software/apps

3. Store and display data, models and estimates

The output of this project already facilitated new academic research in urban economics and real estate. For instance, the automatic classification of the UK housing stock into vintages is underway and its coverage can be followed in real time at this interactive map: https://thies.carto.com/builder/359c34d0-9d3b-481a-b3b9-abb75bced8e6/embed

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Thies Lindenthal and Carolin Schmidt are planning their next series of virtual seminars on: 18th June, 2nd July, 16th July and 30th July (4.00-5.00 pm London time): Further information can be found on: https://www.seminar.re/

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Applications for 2021-23 will open in September 2020. If you would like details about the 2021-23 course please email lemaster@hermes.cam.ac.uk

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Interview with MSt graduate Elizabeth Smart

For a snapshot of life in CRERC under lockdown see our latest newsletter

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Mst Graduates 2017 19

Well done to our 2017-19 cohort of the MSt in Real Estate who graduated at the Senate House on Saturday 30th November 2019