SOLON, OH—MRI Software on Wednesday introduced MRI Analytix, a business intelligence solution designed to assist users with quickly gaining insights from real estate data. The tool is optimized for mobile access and offers multiple dimensions of interactive data discovery, such as asset performance, financial trends, outliers and other economic indicators, says MRI.
“MRI AnalytiX is unlike any other BI solution on the market because it was designed specifically to maximize insights and user experience for real estate professionals,” says Charles McDowell, VP of commercial solutions and client experience at Solon, OH-based MRI Software. “We are empowering our business users to embrace their data and quickly get the results they need on their own.”
Since the solution offers “a highly graphical, immersive experience, it's actually fun to use,” McDowell adds. “With AnalytiX, organizations can uncover hidden insights in a way that leaders intuitively understand, thus driving informed decisions in a timely and relevant manner.”
The firms says that via Analytix, users can identify how key market indicators will affect conditions so real estate firms can take action before their competitors do. Based on internal indicators ranging from expense trends and occupancy to performance factors like delinquencies and tenant health, data visualizations show where management should focus. It is also designed to help users analyze their portfolios, maximize returns while minimizing risk and delve into the information without needing to maintain a technology organization to support BI.
MRI AnalytiX is currently available with MRI Investment Modeling and MRI Financials. It will also be available for MRI Advanced Retail and MRI Commercial Management in the third quarter of 2017. Although AnalytiX leverages Tableau as its primary BI engine, organizations will also be able to access their data using third-party BI tools when the AnalytiX Data Store is released in Q4, MRI says.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
