Collective Intelligence

Collective intelligence is shared or group intelligence that emerges from the collaboration, collective efforts, and competition of many individuals and appears in consensus decision making. The term appears in sociobiology, political science, and in context of mass peer review and crowd-sourcing applications. It may involve consensus, social capital, and formalisms such as voting systems, social media, and other means of quantifying mass activity. Collective intelligence permits individuals to collectively benefit from the knowledge, actions, and activities of others to tremendous mutual advantage. Collective IQ is a measure of collective intelligence, although it is often used interchangeably with the term collective intelligence (Wikipedia contributors. “Collective Intelligence.” Wikipedia, The Free Encyclopedia. Wikipedia, The Free Encyclopedia, 10 Jun. 2016. Web. 25 Jun. 2016)(c.f).

What does “collective intelligence” mean to the real estate industry?

As the commercial lending, investing, buying, selling, and real estate professional inspection industries begin to actively share information with each other, the entire real estate industry and investing public will save considerable time, effort, and money in the due diligence process. The real estate industry and investing public cost savings is projected at hundreds of millions of dollars annually. NESAD™ is uniquely positioned to implement this collective intelligence concept. We call it the NESAD Network™.

Fig. 1: NESAD™ employs a “centralized network” communication design strategy (left) rather the existing, outdated “distributed network” design (right) to manage the collective intelligence of commercial mortgage lending and real estate inspection professional industries in the NESAD Network™. The commonality between these parties is the property location. All depositors and subscribers can now effectively identify and communicate with each other to mutual benefit through the NESAD Network™.