Foxtons says new ‘pioneering deal’ offers the firm a ‘competitive advantage’

Foxtons has partnered with AI Cloud leader, DataRobot, to accelerate its data analytics and modelling capabilities, which the London’s based estate agency says will help the firm better serve customers and make more strategic data-driven business decisions.

Foxtons, which operates a network of more than 50 offices across the capital, will use the DataRobot platform to build, deploy, and monitor artificial intelligence and machine learning (AI/ML) models at scale to manage and optimize operational processes and customer acquisition across the group.

The initial phase of the partnership will focus on building an AI-powered recommendation engine, designed to help surface the best properties to customers.

Foxtons’ chief operating officer, Patrick Franco, commented: “Foxtons is already the most advanced estate agent in the UK when it comes to how we use technology and data.

“This is a pioneering deal with a world leader in data science and AI to further build our competitive advantage and improve how we serve our customers.

“Our team will be able to do even more of what they are best at: giving expert advice to sellers, buyers, renters and landlords and getting them the best deal.”

Steve Jenner, chief customer officer at DataRobot, added: “Foxtons is leading the industry with their focus on leveraging AI/ML to optimize all areas of their business.

“We’re excited to partner with Foxtons and enable their journey to a truly data-driven organization.”

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