RE:Exploration with Virtual Realty Technology
laurencelefou wrote:
I could foresee an industry such as insurance driving this technology significantly forward. The owner of a property which has a 3D tour of the property could get a break in insurance costs. That type of use would probably drive that type of database probably even faster than the real estate market.
So I wonder at what point companies (insurance or others) come into the 3D tours space and say this is so disruptive and it will save a lot of money for our shareholders.
Who owns the data? The photographer? The 3D software company? The real estate broker? Or the owner of the house?
https://www.kelleycoursanderson.com/media
Good point about insurance companies benefitting from this type of technology. I think home appraisers for insurance companies could truly benefit from this. One company that comes to mind would be Realmatters. This is taken from stockhouse.
Real Matters Inc is a Canadian network management services provider for the mortgage lending and insurance industries. The company's platform combines proprietary technology and network management capabilities with tens of thousands of independent qualified field agents. Its operating segment includes U.S. Appraisal; U.S. Title and Canada. The company generates maximum revenue from the U.S. Appraisal segment.
I just hope this company does not get acquired too early but it looks as if it is inevitable at some point. There are too many companies that could benefit from Urbanimmersive's offerings and I will continue to be a shareholder.