Prof. Yaron Felus
Chief Scientist
Survey of Israel
Israel

Biography
Professor Yaron Felus holds a BS from Ben-Gurion University, Israel (Computer Engineering), a M.S. from ITC, Netherlands (Geomatics), and M.S. and Ph.D. from Ohio State University (Geodetic Science). Yaron taught at Ohio-State University, Ferris-State University and at the Technion, Israel. Yaron worked as a manager in various organizations; and currently is the Chief Scientist of the Survey of Israel.

Abstract
A Location Based Business Intelligence (LBBI) System for the Israeli Real Estate Market

The latest public demand to reduce housing costs in Israel has brought the need for efficient Location Based Business Intelligence (LBBI) system to manage the real estate market. This LBBI system should enable the government make better decisions and get reliable answers to key questions. Some questions that the system will be able to answer include: what are the best (e.g., cost and benefits) areas for new building construction? Where are the optimal places to support renovation of existing neighborhood, what would be the influence of applying a certain economic measure on the prices. The development of LBBI is a complicated task which was divided into three components: Input: the system has to include a rich database of real estate datasets including topographic data, cadastral data, financial data, planning information demographic data, etc. The creation of this integrated database is a challenging undertaking due to technical but mostly institutional difficulties (lack of cooperation between offices).Moreover, the development of geospatial statistical data required the use of innovative methods; Functionality: the LBBI should provide a plethora of tools, queries and analysis methods (prediction module) for a variety of governmental users and needs; Output: the LBBI should be linked and connected with a variety of computerized systems and output platforms. Moreover, the LBBI output should be diverse and include maps, report, text and database files, charts and graphs. This paper will describe "Rainbow project" which develops an LBBI in Israel. The LBBI was tested in a few case studies which will be explained as well.