HACT is an ideas and innovation agency for the UK housing sector. The organisation’s flagship achievement has been the introduction of the UK Housing Data Standard, launched in 2018. The first of its kind, the data standard offers up a way of describing business processes through data in the context of a housing association.
At Hitachi Solutions, we’ve been working closely with HACT, to create a housing analytical model that helps housing associations in the UK get even more value from their data.
In todays’ post I explain why we’re delighted to become an official partner of HACT , and the business benefits of having a consolidated approach to data – something which can be applied to any industry, not just housing.
The UK HACT Data Standard is an invaluable asset for housing associations, because it keeps everybody in the housing sector on the same page. This has clear internal benefits, but also helps two or more housing associations deal with each other, for instance during a merger.
The advantages of a consistent approach to data are wide-ranging, including removing data silos, reducing risks of non-compliance and establishing a better data culture. But although this begins as a conversation around data, the implications reach far beyond.
As data collection and analysis is so central to success in the digital world, standards like the UK Housing Data Standard can unlock enormous potential for organisations in all sectors. Organisations can use the data standard and Hitachi Solutions’ analytical model to make informed business decisions, to avoid costly mistakes, and to meet audit and compliance guidelines. This is why the UK Housing Data Standard is so valuable.
Let’s take a look at some of the problems that can be avoided when organisations take advantage of a data standard:
Once you’re adhering to the data standard, the next step is to bring in data science and advanced analytics. This is what our analytical model is to help housing associations achieve.
Essentially, what we’ve done is take the data standard and reimagine it, so that the data is optimised for answering questions and solving a wide range of real problems that housing associations face.
Our analytical model can benefit housing associations in numerous ways. It helps them do more with their data, by automating reporting, providing better access to data, speeding up the time it takes to gain insight and drive value.
Our housing analytical model based on HACT’s UK Housing Data Standard:
To find out more about our analytical data model for housing associations, based on the UK HACT Data Standard, or how we can build a tailored model for your industry, get in touch with Hitachi Solutions today.