Standards Are Essential to Data Accessibility
As Prasan Kale, CEO of Rise Buildings pointed out, “big data is useless, actionable and relevant data is king.” Data has to be standardized or normalized in order to be actionable. Dirty, disparate, and non-standard data is not actionable. So what will it take to make commercial real estate data more actionable? First, we need to invest a lot more work in creating open standards.