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.