Big-data real-time tools on the cards from Cap HPI
Cap HPI has introduced a new data science team, aimed at offering a portfolio of real-time data tools and insight for customers.
The international team of eight data scientists will use a mix of machine learning, forecasting, automation, analysis, science and data visualisation to develop tools enabling customers to benefit from big data. The team will be led by Mark Barrett, head of international data science & analytics.
Mark said: “As an international team composed of different nationalities we have a variety of different perspectives and approaches when we bounce ideas around and create solutions. This is imperative as Cap HPI now has teams in France, Slovakia and Germany operating across Europe as part of its global expansion plans.
“Our focus is on creating internal and external online solutions that can scale to anywhere in the world, whilst being adaptable to local markets. Vehicle values are very different in each county – for example, an estate car tends to hold its value better in Germany, and it’s not unusual for people to spend 50% of a vehicle cost on options. We’re constantly making improvements to our models to help us remain accurate for every vehicle, in every market, every day.”
The team’s work has already begun with a recent analysis by the team leading to the production of tools said to be capable of identifying future classic cars and understanding the international market opportunity for electric vehicles.
Mark added: “We’re currently developing several new products for the market – helping manufacturers, dealer groups, and finance houses find key information quickly, in an understandable format so they can make increasingly informed decisions to help increase sales and remain competitive. Working in an agile manner directly with manufacturers has strengthened our products and ensured that we’re delivering cutting edge, useful work.”