Lexur News & Announcements

Defining Terminology: What are Geographical Information Systems and Who Uses Them?
Tuesday, March 15, 2016

While the field of computer-assisted mass appraisal is exciting—it’s on the cutting edge of technology that seeks bold and innovative solutions to issues that have plagued businesses for decades—it can also be frustrating. One example is the amount of technical jargon in play. When even commercial websites read like highly technical white pages, it can feel like you need a Ph.D. in information science to get through them.

One recurring term that could be stumbling block for many is GIS. Our straightforward definition should alleviate the feeling that you missed an important class or need to go back for a higher degree.

What is GIS?

(from the Wiki)
A geographic information system (GIS) is a system designed to capture, store, manipulate, analyze, manage, and present all types of geographical data. The acronym GIS is sometimes used for geographical information science or geospatial information studies to refer to the academic discipline or career of working with geographic information systems and is a large domain within the broader academic discipline of Geoinformatics.

Modern GIS technologies use digital information, for which various digitized data creation methods are used. The most common method of data creation is digitization, where a hard copy map or survey plan is transferred into a digital medium through the use of a CAD program, and geo-referencing capabilities.

In this day and age, when every phone in every pocket and purse is a scanner, a GPS and a video camera, we have unprecedented access to geographical data and databases. Knowing how to find and use this information can be leveraged into insight and savings for any number of businesses, not just the mass appraisal field.

Who uses GIS?

GIS is used extensively in real estate appraisal, of course. But there are plenty of other examples of using GIS as an integral tool in a profession.

Journalists use data from GIS to create images and graphics, tell compelling stories, and to discover and uncover valuable information for articles.

The banking industry uses “Big Data” drawn from GIS to enhance their understanding of risk, customer interaction and economic conditions, using spatial models based on geography and geo-demographics.

Dispatchers are using GSI to track fleets of truck and schedule maintenance, saving anywhere between 10 to 30% on operational costs.

This is just the tip of the iceberg when it comes to industries using Geographical Information Systems and big data to streamline their businesses and stay competitive.

At Lexur Appraisal, we have been innovating within the field of mass real-estate appraisal since the early 1970’s, staying on the cutting edge of the intersection of tradition and the innovation. Apart from being used to survey hundreds of thousands of properties, our VDV (http://www.lexurappraisal.com/asp/page.asp?ID=1015) technology, has been used by emergency responders in Urbana County, to help firefighters and law enforcement map the layout of a property before entering, saving money and most importantly, lives.

To find out how Lexur Appraisal could help your business, to learn more about our Virtual Data Verification system or for assistance with traditional appraisal needs, contact us today at info@lexurappraisal.com or sales@lexurappraisal.com or give us a call at 614-426-4122.

Don't forget to connect with us on Facebook (https://www.facebook.com/lexurappraisal) and Twitter (https://twitter.com/LexurAppraisal) for more news and resources.

Subscribe To Our Blog

Blog Categories

  • Blog
    • 04/10/2019 - Integration of Technology in t
    • 02/13/2019 - Reasons to Have Your Property
    • 12/12/2018 - Why do you need to get your pr
    • 10/10/2018 - The Benefits of Cloud Computin
    • 08/08/2018 - Why Is A Good Real Estate Appr
    • 06/05/2018 - Using Sales Comparison Approac
    • 04/09/2018 - 3 Most Commonly Used Appraisal
    • 02/06/2018 - Using the Cost Approach for Re
    • 07/31/2017 - Will Home Appraisals Be Replac
    • 05/31/2017 - The Importance of Core Values
    • 01/18/2017 - How does Cloud Computing Benef
    • 11/18/2016 - What is Cloud Computing?
    • 09/19/2016 - Key Terms in Real Estate Asses
    • 08/18/2016 - What you Need to Know About Co
    • 07/14/2016 - Landscaping Impacts Property A
    • 05/11/2016 - How Virtual Data Verification
    • 04/17/2016 - What is the Difference Between
    • 03/15/2016 - Defining Terminology: What are
    • 01/13/2016 - Ideas for Winter Curb Appeal (
    • 12/16/2015 - Ideas for Winter Curb Appeal (
    • 11/23/2015 - Further Appraisal Services Def
    • 10/09/2015 - More Definitions on What We Do
    • 09/22/2015 - Definitions of a Few Appraisal
    • 08/13/2015 - The Difference Between an Asse
    • 07/13/2015 - Basics to Understanding a Home
    • 06/17/2015 - Curb Appeal Tips for Selling P
    • 05/19/2015 - Setting the Stage: Effectively
    • 04/10/2015 - Have Your Yard “Bloom” Into Sp
    • 03/16/2015 - The Benefits of a Reappraisal
    • 02/12/2015 - Keeping Your Landscape in the
    • 01/15/2015 - Learn More About GIS
    • 12/17/2014 - What Exactly Does an Appraiser
    • 11/10/2014 - What You Need to Know About a
    • 09/30/2014 - Staging Your Home for an Appra
    • 08/30/2014 - More Unusual Buildings
    • 07/31/2014 - Unusual Buildings in the U.S.
    • 06/30/2014 - Curb Appeal
    • 05/30/2014 - What to Do Before Your Home is
    • 03/28/2014 - "Being Nibbled To Death By Duc
    • 01/31/2014 - VDV's Role in Lexur's Mass App
  • News

Tag Cloud
Copyright © 2023. LEXUR APPRAISAL. All Rights Reserved