The Center for Business Analytics is pleased to recognize NESTER as an honoree of the 2023 Drexel LeBow Analytics 50 Awards. Read more about how NESTER used analytics to solve a business challenge.
Submitter
Brendan Kennealey, Chief Executive Officer
Company
NESTER
Industry
Real Estate
Business Challenge
The no. 1 regret of homeowners is not being prepared for the unexpected costs of maintenance and repairs. NESTER tackles this challenge head-on using data and analytics. However, its biggest hurdle in helping customers is that the data the company needs doesn’t currently exist anywhere in an aggregated form.
Analytics Solution
NESTER built a platform where homebuyers and homeowners can input data about single-family homes across the country. Then, through a series of proprietary algorithms, the company uses that data to create a NESTER Report, which includes a maintenance timeline and cost projections for future repairs on any existing home. Homebuyers can use their NESTER Report to make more informed decisions when purchasing their homes, deciding on how to best finance their homes and negotiating the prices of their homes. Homeowners can also use their NESTER Report for planning and budgeting for homes they already own.
Impact
This solution is the key to NESTER’s success and makes the company attractive not only to consumers and corporate partners, but also to investors who understand the long-term impact this data — and the company’s commitment to steward it responsibly — will have on the industry.