Story by Tom Myers
As with past crises, COVID-19 is likely causing you to consider how you can reduce your data costs. Now is a great time to act on ways you can reduce costs while not disrupting your operations.
Several factors contribute to data costs:
• Managing relationships with multiple data providers
• Handling numerous data subscriptions
• Fees for data
• Data compliance
• Data engineering and IT
Below, I discuss these challenges and offer a few thoughts on what you can do to alleviate costs.
In addition, James Marshall, Product Manager for Clear Capital, weighs in with some of his own valuable insights and strategies. Clear Capital is a leader in real estate property valuation management and data solutions.