By developing common data models across service areas it is expected to reduce human error in re-keying and transcription between systems ultimately reducing the time for the delivery of services to customers and providing new opportunities providing reliable data for analytics, business intelligence and alignment with regulatory requirements and benchmarking organisations.
The current difficulty in implementing these standards lies in the different data architectures of many of the source systems. Illumar’s Housing Data Enterprise platform is a simple, quick way of overcoming this.