Gregory Maciag: Home Performance Standards

Home
ACORD

« Standards Mindset | Main | The Future Customer »

Wednesday, 06 August 2014

Home Performance Standards

The real estate business now has a data standard covering the energy efficiency of homes. Known as BPI-2100 and BPI-220, or more simply as Home Performance XML, the standard enables home buyers to compare potential properties on this important dimension.

This is a neat example of how standards arise to meet new market needs. Realtors and buyers alike need to be able to assess the efficiency of properties, and they don't want to spend time and money trying to compare apples with oranges.

Smart industries evolve their standards to meet emerging needs – and evolve them effectively. Real estate is one business where friction is glaringly obvious to everyone involved. Standards remove friction, speed transactions, protect profits, and enlarge markets. IMT

Posted on Wednesday, 06 August 2014 | Permalink

Comments

The comments to this entry are closed.

2014 Staff Meeting

2012 Orlando Exhibit

Blogs

The Intersection (Canada)

Insurance Day

ACORD LOMA DAILY NEWS

New Book

My latest book presents the challenges members face when adopting industry standards as well as the opportunities that come as a result. It features my discussions with many people over many years and follows the foundation I set in my first book "The Business Information Revolution".

Industry standards are never adopted in a vacuum. They become part and parcel of all the trials and tribulations managers face in their day to day work. ACORD Standards are always part of a larger software development project that brings along people, priorities and politics. Adopting industry standards isn't simple, but the benefits far outweigh the problems of building and maintaining proprietary alternatives.

I trust that you will appreciate my frankness, identify with some of the challenges and learn from what others have done to pave the way.

Previous Book

This is a PDF version of my book. You have my permission to view, save and print copies for your personal use. Use your browser "Back" button to return to the blog after you visit or print a chapter. If you want a clean copy, it's available at the Amazon bookstore.