Knowing the source of your multifamily data is essential to ensuring the success of your investments and assets. This is why having a transparent, clear, and credible information source is so important. Unfortunately, third-party data providers frequently use outdated information that hasn’t been updated for weeks or even months. This information may have started as credible, but as it journeys through multiple internet listing sites, it loses its reliability and may become meaningless by the time it reaches you.
The creation of Radix aspired to rectify this issue and cause a significant shift in the multifamily industry. The name “Radix,” Latin for “root,” speaks to the company’s commitment to providing data straight from the source of the property itself. This process may sound familiar as it has translated into the tedious process of calling around for market survey information by necessity. Radix provides a solution for this process without manual hassle. The need for a better method to collect accurate data in the multifamily industry led to the creation of Radix, which has since established itself as an essential toolset for professionals in the industry.
Having an extensive background in the multifamily industry, Blerim Zeqiri, the CEO and Co-Founder of Radix, recognized the need for a product that could harness market data to promote informed decision-making and improve the performance of multifamily properties. Together with a team of technology and industry experts, Radix developed products for capturing and sharing real-time market data through the industry’s first shared data ecosystem. Radix’s commitment to emphasizing data from the source, as reflected in its name and products, aligns with the ideas of data enthusiast Thomas C. Redman and his Harvard Business Review article, “To Improve Data Quality, Start at the Source.”
In the article, Redman stresses the importance of recognizing one’s role in data quality as either a data customer or data creator and argues that organizations should focus on creating high-quality data from the start rather than relying on error cleanup. Fortunately, Radix caters to both roles by providing users with access to high-quality comp data and offering tools to input their data correctly and effortlessly. These tools effectively remove the manual market survey process while still obtaining this data from the “original” source.
Lastly, knowing that your data comes from the direct source of the property, without playing a literal game of telephone, is a critical enhancement that the multifamily industry needs. Radix is committed to delivering the highest data quality to the industry. By focusing on the origin and process of data entry, the company ensures that the data in its shared ecosystem is accurate and valuable to industry professionals. Radix is a leader in cultivating a data-driven mindset among professionals by providing dependable data solutions that support the industry’s evolving demands.
To learn more about Radix and our products, request a demo today!
