Black Knight Launches Rapid Analytics Platform, a Premier Cloud-Based Virtual Lab for Working with Big Data and Complex Analytics
- Black Knight’s Rapid Analytics Platform (RAP) is a premier, cloud-based virtual analytics lab
- Puts the most advanced big data analytics tools in the hands of company data scientists and analysts who analyze mortgage or housing-related assets
- Allows for the seamless joining of Black Knight’s mortgage and property data sets with client-contributed and third-party sources of data
- RAP allows for the development of ad hoc analytics and reporting and the building of queries in multiple supported programming languages
JACKSONVILLE, Fla. – Feb. 7, 2019 — Black Knight, Inc. (NYSE:BKI), a leading provider of integrated software, data and analytics to the mortgage and real estate industries, announced the launch of its Rapid Analytics Platform (RAP), an innovative, interactive virtual analytics lab where users can source and upload data, execute queries, perform complex analytics and train machine-learning models – all in a single workspace. A completely cloud-based platform for working with big data, RAP features a unique, advanced workspace environment offering a dynamic mix of traditional analytics, machine learning and neural networks to help users create data-driven solutions and actionable analytic outputs.
RAP provides users with access to all of Black Knight’s diverse, comprehensive data assets, advanced analytics and pre-built queries and analytic models, while also allowing them to easily join their own data to tailor queries and models to support specific use cases. RAP’s real-time, high-speed processing delivers instant results – even for the most complex uses – transforming the way mortgage industry and capital markets professionals work with large data sets and advanced analytics.
Black Knight assets available via RAP currently include nationwide assessor data, recorder data and real estate property and sales data; McDash loan-level and historical mortgage data; automated valuation models; and home price indices. RAP has a vast analytics library that enables users to solve many challenges specific to the mortgage, real estate and capital markets industries. Additional data sets and analytics are continuously added.
“RAP is a unique technology platform that was designed for the mortgage and capital markets industries and can be used out of the box, on day one, to support virtually endless possibilities,” said Anthony Jabbour, Black Knight’s CEO. “This innovative tool delivers computational power an order of magnitude greater than what most firms have in-house, and enables data scientists and analysts to deliver faster insights and help their companies enhance performance, identify new revenue opportunities, increase efficiencies, and reduce risk.”
“As a big data incubator, there is simply nothing else like RAP on the market, particularly for those who focus on housing-related assets – whether it’s the mortgage industry, capital markets, or any of the fields adjacent to those,” said Ben Graboske, president of Black Knight’s Data & Analytics division. “The speed with which analysts and data scientists can now explore multiple scenarios, see results, change parameters and run whole scenarios again is unparalleled.”
About Black Knight
Black Knight (NYSE:BKI) is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership life cycle.
As a leading fintech, Black Knight is committed to being a premier business partner that clients rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class software, services and insights with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight, please visit www.blackknightinc.com.