Dive Brief:
- ESG data management and software company Measurabl signed a deal Wednesday with fintech platform Inveniam to increase access to sustainability data used to evaluate commercial real estate assets.
- The partnership will allow users of Measurabl — which tracks sustainability data for the commercial real estate sector — to use Inveniam’s artificial intelligence-powered data infrastructure and capabilities, according to a press release.
- The companies said sustainability data has become “increasingly central to how commercial real estate assets are valued, financed, operated, and managed,” and the collaboration seeks to address the “demand for verifiable, trusted, secure, and connected” data.
Dive Insight:
Measurabl and Inveniam said the deal aims to turn what is currently unstructured and fragmented information that is scattered across leases, utility bills, compliance filings, engineering reports, loan documents and appraisals into verifiable sustainability data. This data can then be used to better evaluate commercial real estate assets.
Measurabl said the collaboration will provide its users with better quality data; access to a broader range of sustainability-focused insights; enhanced governance; and help benchmark real estate assets and portfolio performance across the globe, in addition to reducing manual work through automation.
“By combining the strengths of our two platforms, we're helping our customers transform fragmented sustainability information into trusted, secure, and connected data that remains under their ownership and control, enabling better business decisions today while creating the foundation for intelligent automation and AI,” Measurabl CEO Maureen Waters said in an Aug. 5 release.
The deal will build on the sustainability data platform’s insights on real estate assets spanning over 28 billion square feet across 97 countries and Inveniam’s technology, which tracks more than $200 billion in credentialed private market assets.
The companies said the collaboration is also designed to improve AI governance as it is being increasingly adopted in the real estate sector. Though the majority — 96% — of commercial real estate professionals are using AI, over half of them say trust is a barrier to greater adoption, the release said.
“As AI becomes more deeply embedded in commercial real estate workflows, organizations need more than accurate outputs,” the companies said in the release. “They need the underlying data to remain governed, traceable to its source, and independently verifiable. They must also protect proprietary information and retain ownership and control as AI systems interact with institutional data.”
