What the heck is Natural Language Processing anyway?
Published by Scott LeForce under General.
Image by HomeBiss via Flickr
A good friend and business associate recently turned me onto a new source of powerful information I thought was very interesting and fun to use. It is a computational knowledge engine that is in its early but exciting stages of development. This application is based upon natural language processing, which simply means you can compute massive mathematical computations by using simple language. The site is http://www.wolframalpha.com/ . However, I recommend watching the short presentation before using the application.
What can it do for us in real estate? Well, it will calculate debt payments; give you the estimated value distribution of properties in an area; display histories of prices and medians with interactive graphs and just about anything you can verbalize into a mathematical sequence including internal rates, etc. Why would you not want cool stuff like that, especially if it’s that easy to use?
I thought it was interesting and certainly a different perspective to learn that I’ve been alive 18,244 hours. Put your birthday in; your LDL level; find nutrient levels, etc…
I’ll wrap up by asking to watch this presentation. Even if you don’t use the site you should know about it.
And I always thought natural language processing was something humans did since the dawn of time…
This wesite is cool I did not know I was born on a Tuesday.
Hi: I think this is really a cool tool! Especially if it can give you calculations for math real life situations. computing for me with accuracy and eficiency is all good. Putting Real Estate statistical information at our fingertips while networking, prospecting, or a sit down appointment sounds convenient and useful and will save a lot of time. Might be impressive too! I will enjoy exploring this more. Thank you.
Sincerely, Saundra Allman, Realtor DRE 01188528 Eureka, California-Humboldt County
Awesome Website! I used it to check the average sale price in Santa Clara County and even narrow it down to each City and Wah Lah! You have instant answer.
If you click on the “Downloads” tab at the top of this Website you can actually download the Desktop gadget tool bar for Windows 7 desktop, or you can add it as a tool bar to your Internet Browser such as Explorer, Firefox so that you can easily access it whenever you need it.
Thanks for posting this Scott! Another great tool to use for our Business!
Cheers!
Wow! I haven’t even gotten to the real estate uses yet. I’ve just been havin plain ‘ol fun with it! Thanks for sharing Scott!