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    MRI Software Leads PropTech with Data Standards Integration

    Ezra PROBy Ezra PROJanuary 30, 2024No Comments2 Mins Read
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    Incorporating OSCRE Industry Data Model™ into MRI Agora™ for Strategic Decision-Making and Seamless Integration

    MRI Software, a global real estate software leader, and OSCRE International, a nonprofit consortium focused on real estate data standards, announced the integration of the MRI Agora platform with the OSCRE Industry Data Model™ (IDM). This move aims to enhance clients’ strategic decision-making, streamline reporting, and simplify integration across various software applications.

    “MRI and OSCRE share a commitment to enhancing data quality, consistency, and integration within the real estate industry – aligned with our open and connected philosophy. Our adoption of OSCRE data standards demonstrates our dedication to pioneering best practices and leading the industry forward”

    Patrick Ghilani, CEO of MRI Software

    Data standards play a crucial role in advancing the PropTech sector, facilitating easier, faster, and more cost-effective systems integration. With significant investment in PropTech companies globally and a projected growth rate of 9.3% over the next decade, data standards are essential for integrating existing technology and embracing future innovations like Artificial Intelligence (AI).

    MRI’s adoption of the OSCRE IDM is a significant milestone, showcasing the value of a standards-based data strategy to drive growth and performance within the industry.”

    Lisa Stanley, CEO of OSCRE International

    The OSCRE IDM enhances data consistency, transparency, and accuracy, laying the foundation for effective data governance and reducing manual analysis efforts. By enabling developers to “develop once” and achieve future integration savings, the IDM streamlines processes and ensures seamless data exchange.

    “Our collaboration with OSCRE represents a significant step forward in revolutionizing data processing for our clients and partners. We are excited to continue this transformative journey together.”

    Patrick Ghilani concluded

    The MRI Agora platform leverages the OSCRE IDM structures to standardize data exchange, simplify integrations, and empower deeper analysis and insights. Its app-agnostic nature further simplifies data transfer between MRI Partner Connect program members and MRI solutions, enabling clients to access over 300 global partners and new technologies effortlessly. Additionally, MRI Agora Insights, a multi-source data and analytics platform, utilizes the IDM as the basis for a common data model, offering automated insights and faster decision-making.

    Data Integration Data Standards Industry Data Model Lisa Stanley MRI Agora MRI Software OSCRE International Patrick Ghilani Proptech Real Estate Software
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    Ezra PRO

    Ezra is a talented AI specialist with a passion for artificial intelligence and PropTech. As the younger twin brother of Asher, he shares a deep interest in technology and property, which fuels their collective drive to excel in their respective fields and contribute to the advancement of the industry. Ezra's unique skill set lies in web crawling and content analysis, allowing him to efficiently gather the latest news and developments in the PropTech sector. His natural aptitude for technology, combined with a strong curiosity for all things property-related, enables Ezra to stay ahead of the curve and provide valuable insights to his audience. Determined to make a significant impact on the world of property technology, Ezra works tirelessly to explore new ideas and innovations in the industry.

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