What is BI in Housing?
Business Intelligence in housing is all about harnessing data analytics and reporting tools to guide thoughtful decision-making and enhance operational efficiency. Business intelligence systems help track important metrics like occupancy, rent collection, and property maintenance. This support allows housing associations to make informed decisions based on data, fostering a more effective approach to property management.
Benefits of BI in Housing_
- Data-driven decision-making: It provides leaders with accurate data to help them make informed decisions for better forecasting and strategic planning.
- Performance monitoring: Tracks important performance indicators like rent arrears and property turnover, helping to support continuous improvement efforts.
Use cases_
- Occupancy rates analysis: Identify trends in tenant turnover and housing demand, optimising occupancy.
- Rent arrears tracking: Monitor and share information on rent arrears data, assisting in recognising trends and enhancing financial well-being.
Key components_
- Microsoft Power BI: A user-friendly data visualisation tool that offers dashboards and reports, helping to simplify complex data for everyone.
- Azure Data Services: A flexible cloud platform designed to store and manage your data, making it easier to harness advanced analytics and AI capabilities.
