PEXA partners with Snowflake to expand access to environmental property data
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PEXA Group, Australia’s leading property exchange and insights solutions business, has announced a new collaboration with data cloud platform Snowflake to expand access to environmental risk data and analytics from its subsidiary, Land Insight.
The partnership will see Land Insight become the first of PEXA’s digital growth businesses to migrate its data onto Snowflake Marketplace, providing consumers and industry specialists with easy access to a unique database of environmental information.
The database contains fire, flood and contamination hazard data to help improve the understanding and forecasting of potential risks to land and property across Australia.
PEXA acquired Land Insight in August 2023 and has since integrated the company’s data into its ONEData hub, accelerating the opportunity for industry to leverage unique geospatial land insights.
By joining Snowflake’s cloud-based data platform, which has over 2,500 listings, Land Insight will expand its market reach across domestic and international markets.
PEXA Australia CEO Les Vance said the partnership highlights the company’s commitment to driving industry innovation and addressing critical customer needs as part of its growth strategy.
“Our collaboration with Snowflake is the next step towards enabling Land Insight to become the leading source of climate and environment-related information in Australia, while improving international customer access to their data,” Mr Vance said.
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“We know that our customers increasingly want access to unique property-based data insights and this is an important part of how PEXA is evolving, in line with our digital growth strategy.”
Land Insight Managing Director Ana Ouriques said launching the National Environmental Insights Data on Snowflake’s Marketplace was a pivotal moment for the organisation.
“We are thrilled to be working together with Snowflake. This collaboration accelerates our path towards providing more customers, including property developers, financial institutions, environmental consultants, engineers, and government, with access to a macro and micro view of environmental risks on land supply,” Ms Ouriques said.
Snowflake ANZ Regional Vice President Theo Hourmouzis said the collaboration highlights the company’s ambition to continue bringing high-quality data and insights to customers through its Marketplace ecosystem.
The partnership comes as businesses and governments increasingly look to leverage data and analytics to assess and manage environmental risks in the face of climate change.
With extreme weather events becoming more frequent and severe, understanding the potential impacts on property and infrastructure is becoming a key priority for many organisations.