Cofinimmo
Cofinimmo uses DataGalaxy to reduce data silos and provide detailed statistics on data usage within the organization.
DataGalaxy enables different teams to work together and share information more efficiently.
Overview
Cofinimmo is an international real estate investment organization that has been acquiring, developing, and managing rental properties for 40 years across Belgium, France, the Netherlands, Germany, Spain, Finland, Ireland, Italy, and the UK. Mainly focusing on healthcare office real estate, Cofinimmo aims to provide high-quality living and working environments to its many partner-tenants.Project background
Cofinimmo’s data team includes a data governance managers, data stewards, and data experts. In general, the executive committee noted a lack of data quality in the organization, including unclear data definitions and misalignment of the same data points among various systems and databases.
Strategic challenges
Cofinimmo’s databases would often have several factors and techniques used to calculate the definition of a building’s total square meters – Does this include gross or net surface area? Including or excluding the building’s walls? Above or below ground? Finished or unfinished? In total, the group had nearly 10 different definitions for “surface area”!
The Data Knowledge Catalog implementation process
Cofinimmo chose DataGalaxy because its platform is accessible and suits both technical and non-technical users.
Cofinimmo’s data teams had a few steps toward successful implementation:
- Active involvement of each data steward responsible for populating the definitions of data elements in their data domains
- Project coordination and refining of definitions led by the central data management team
- Short demo tutorials and emails to remind employees of the platform or introduce new DataGalaxy functionalities
Today, all of Cofinimmo’s 180 employees have access to DataGalaxy, and the group has achieved a 50% access rate so far with 15% of users consulting the platform regularly.
In the future, Cofinimmo plans to continue its data use case documentation, including describing the content of management reporting and further refining unclear data.
Results of using DataGalaxy
Creation of a central point of truth
to store all data definitions
More detailed statistics on data usage,
including the frequency of data point usage and its purpose
Over 1,000 data term definitions
and use of data terms in reports
50% access rate of DataGalaxy
and 15% usage rate within the company
The benefits of DataGalaxy according to Confinimmo
- Data is available to all users to ensure they feel included and aid the transparency of their newly implemented system
- Time-saving for all users needing to research specific data points
- Increased operational efficiency
We chose DataGalaxy over other options because of its flexibility, its ease-of-use, and it was the right cost for the size of our organization.
Technology stack
Power BI
SAP
SQL Server
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