Predicting community development trends

• US 9,870,596 B2
• Filed: 09/18/2014
• Issued: 01/16/2018
• Est. Priority Date: 09/18/2014
• Status: Active Grant

• Current Assignee: International Business Machines Corporation
• Original Assignee: International Business Machines Corporation
• Inventors: Babinowich, Kyle R., Latkar, Sailee S., Schiavo, IV, Joseph G.
• Primary Examiner(s): Chen, Alan
• Application Number:
  US14/490,010
• Publication Number:
  US 20160086082A1
• Time in Patent Office: 1,216 Days
• Field of Search: None
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

Community development is supported by a community rating. Community ratings for various communities are compared to identify a preferred community. Historical community ratings are determined for the preferred community. Community rating trends are identified for the community and these trends are used for predicting future community rating(s) to support development decisions.

Claims

1. A method comprising:

extracting a first data set from a knowledge base;

determining a first community rating for a community based, at least in part, on the first data set;

extracting a second data set from the knowledge base;

determining a second community rating for the community based, at least in part, on the second data set; and

forecasting a third community rating for the community based, at least in part, on the first and second community ratings;

wherein;

the knowledge base includes a collected data set from one of a free public access website and a subscription-based information service;

the first community rating is representative of a current community data;

the second community rating is representative of historical community data, where the historical community data includes historic attribute data for more than one attribute, and each of the more than one attributes characterizes the community;

the third community rating is based on forecasted community data;

the first data set includes data defining at least a first attribute for a first time period; and

the second data set includes data defining to at least the first attribute for a second time period.

2. The method of claim 1 wherein the first attribute is one of the following attributes:

safety, health, education, environment, community, transportation, and affordability.

3. The method of claim 1 wherein the first and second data sets include data defining two, or more, of the following attributes:

safety, health, education, environment, community, transportation, and affordability.

4. The method of claim 1 wherein the community rating is based on a community that is a real estate location.

5. The method of claim 4 wherein the third community rating corresponds to a future value of the real estate location.

6. The method of claim 1 wherein the first time period is a current time period, and the second time period is a historical time period.

7. A computer program product comprising a computer readable storage medium having stored thereon:

first program instructions programmed to extract a first data set from a knowledge base;

second program instructions programmed to determine a first community rating for a community based, at least in part, on the first data set; and

third program instructions programmed to extracting a second data set from the knowledge base;

fourth program instructions programmed to determine a second community rating for the community based, at least in part, on the second data set; and

fifth program instructions programmed to forecast a third community rating for the community based, at least in part, on the first and second community ratings;

wherein;

the knowledge base includes a collected data set from one of a free public access website and a subscription-based information service;

the first community rating is representative of a current community data;

the second community rating is representative of historical community data, where the historical community data includes historic attribute data for more than one attribute, and each of the more than one attributes characterizes the community;

the third community rating is based on forecasted community data;

the first data set includes data defining at least a first attribute for a first time period; and

the second data set includes data defining at least the first attribute for a second time period.

8. The computer program product of claim 7 wherein the first attribute is one of the following attributes:

safety, health, education, environment, community, transportation, and affordability.

9. The computer program product of claim 7 wherein the first and second data sets include data defining two, or more, of the following attributes:

safety, health, education, environment, community, transportation, and affordability.

10. The computer program product of claim 7 wherein the community rating is based on a community that is a real estate location.

11. The computer program product of claim 10 wherein the third community rating corresponds to a future value of the real estate location.

12. The computer program product of claim 7 wherein the first time period is a current time period, and the second time period is a historical time period.

13. A computer system comprising:

a processor(s) set; and

a computer readable storage medium;

wherein;

the processor set is structured, located, connected, and/or programmed to run program instructions stored on the computer readable storage medium; and

the program instructions include;

first program instructions programmed to extract a first data set from a knowledge base;

second program instructions programmed to determine a first community rating for a community based, at least in part, on the first data set; and

third program instructions programmed to extracting a second data set from the knowledge base;

fourth program instructions programmed to determine a second community rating for the community based, at least in part, on the second data set; and

fifth program instructions programmed to forecast a third community rating for the community based, at least in part, on the first and second community ratings;

wherein;

the knowledge base includes a collected data set from one of a free public access website and a subscription-based information service;

the first community rating is representative of a current community data;

the second community rating is representative of historical community data, where the historical community data includes historic attribute data for more than one attribute, and each of the more than one attributes characterizes the community;

the third community rating is based on forecasted community data;

the first data set includes data defining at least a first attribute for a first time period; and

the second data set includes data defining at least the first attribute for a second time period.

14. The computer system of claim 13 wherein the first attribute is one of the following attributes:

safety, health, education, environment, community, transportation, and affordability.

15. The computer system of claim 13 wherein the first and second data sets include data defining two, or more, of the following attributes:

safety, health, education, environment, community, transportation, and affordability.

16. The computer system of claim 13 wherein the community rating is based on a community that is a real estate location.

17. The computer system of claim 16 wherein the third community rating corresponds to a future value of the real estate location.

18. The computer system of claim 13 wherein the first time period is a current time period, and the second time period is a historical time period.