Vision

Creating digital, collaborative, and sustainable work practices for the common good of all in the European real estate industry.

FIDJI Institute was born from the shared vision of real estate professionals who felt a clear need to build true digital continuity across players in their industry. To meet this objective, FIDJI Institute aggregates professional members that agree to share their expertise and teams to produce and evolve three dictionaries (FIDJI Data, FIDJI Doc and FIDJI API)that will remain royalty-free and at the service of the common good.

FIDJI was officially created on April 19th, 2009, as a non-profit professional association under the French law of 1901.

A distinctive DNA

Serving the common good of the real estate industry.

A community of professionals

Being a FIDJI Institute member means becoming part of an innovative community of committed professionals, all players in the real estate industry. This allows them to exchange freely and to deliberate together on the emerging characteristics of our evolving ecosystem. It means participating in the development of methodologies and digital tools, taking part in thematic workshops, sharing feedback on their own in-house initiatives, etc.

It also means benefiting from all the association’s working methods and tools already in production, so that you can quickly put them to use in your organization.

Added Value

Data exchange flows based on a FIDJI Institute standard dictionary are a guarantee for reliability, productivity, and savings.

Collaboration

FIDJI Institute’s strong culture of professional dialogue leads to a higher level of focus on the key data points, i.e. those that do lead to a difference in driving an assets’ economic performance.

An academy

Within the FIDJI Institute, an academy of digital, collaborative, and sustainable work practices has been created.

Digital real estate

The Academy federates all the working groups that produce standardized data exchange flows between the players across the whole real asset’s life cycle.

Each working group is led by one or more members willing to get involved in the development of the use case at hand. Experts and external contributors are invited to bringing their knowledge, know-how and goodwill to help advance the topic. This work continuously enriches existing dictionaries.

Workshops / Webinars

The aim of these workshops is to dive into innovations and ongoing change in professional practices, to simplify the deployment of the FIDJI dictionaries and to facilitate the emergence of new digital flows. External experts and thought leaders are invited to share insight and debate with members on the major changes in the real estate market and new data technologies.

Integrate/Align

Bringing all real estate players together to build common definitions that can be leveraged to share data.

Streamlining

Streamline data exchange flows and make European digital real estate continuity happen.

Once upon a time, there was digital continuity in the real estate industry

In 2007, in a context of real estate financialization, streamlining of data exchange across real estate players became an central issue. Indeed, new listed real estate investment vehicles like OPCIs, required that a certain number of indicators and valuations would be produced on a quarterly basis.

At that time, producing KPIs implied a significant workload and included several non-productive tasks such as researching and data collection, then qualifying and aggregating it before any analysis could be done.

There were as many data interfaces (devised to exchange data between players and systems) as there were interlocutors; those were often very unstable and prone to failure at the slightest change on one side or the other of the data exchange gateway. Obviously, the lack of common rules for sharing was very costly and was producing a poor result altogether.

Therefore, in 2007, real estate institutional investors and experts got together, aiming at devising a stable, controlled, and above all economically scalable solution. They decided to produce a standardized and shared data dictionary.

The creation of the FIDJI real estate professional association

After two years of hard work and sharing efforts, which enabled the pooling of the expertise of professionals in the sector (2007-2009), the technical work necessary to produce the first version of the FIDJI dictionary was completed. As soon as version 0.1 went into production, it was unanimously agreed by all participants to create an independent professional association, which would be the repository of the format.This pioneering phase took more than 1,200 days of cumulative work, with many enthusiastic volunteer workgroups meeting in the evenings.

Since then, the FIDJI Real Estate Professional Association, now the FIDJI Institute, continues to update the content of the dictionary e and the underlying data model to accommodate new needs in the industry. The FIDJI Institute works jointly with many international organizations to standardize the vocabulary used in the real estate industry.

More than 100 organizations and companies have contributed – as members, over the past 16 years (2007-2022), with the shared conviction that a common language is an absolute need within our real estate industry. All have benefited in return from cutting on data no-value-add tasks (see MAZARS 2011 Study) and have therefore seen significant returns on their investment. The FIDJI Institute thanks all those organizations and corporates for their continued financial and technical support to the FIDJI endeavor, for the shared benefit of all in the real estate industry.

FIDJI in figures

2007

First works

2009

Foundation of the Institute

1000

Key data points

Testimonials

“It was important, in order to secure our data exchange project with our Property Managers on the long term (2015-2025), to base it on a perennial digital tool, shared by the whole profession including software editors. The FIDJI DATA dictionary is the only tool that meets these two essential criteria “.

Ludovic DODON, General Secretary COVEA Real Estate
“The need to exploit technical and usage data to transform them into management data is part of FIDJI’s DNA. We therefore want to move forward with all the players who, within the FIDJI Institute, create digital, collaborative, and sustainable working practices, serving the common good of the real estate industry. We wish to build this digital real estate vision in a mutually enriching way.”

Jérémie BELLEC, CEO de SPINALCOM
“The goal of our collaboration is to fulfill an inter-professional general interest mission and to take joint actions with public authorities to promote this crucial need for digital continuity within the real estate industry.”

Frank HOVORKA, President of Building Smart France Mediaconstruct
“By its very nature, FIDJI is a common language that formalizes the exchange of information between the various real estate businesses, particularly with regard to appraisal campaigns, which then allow our Sopra-Steria tools to access the details of the valuations and financial gains of the assets under management. “

Matthieu LARGE, Product Manager Solutions Immobilier by Sopra Steria