Data
Data permeates almost every aspect of our lives today. Our expectations for the role of data in generating innovation and wellbeing are higher than ever. In the private sector, access to a large group of consumers and the ability to hire a specialist team helps exploit data.
For charities and funders tackling pressing social and environmental problems, the stakes are arguably even higher–but so are the challenges. We need to know where most food parcels are needed, who benefits most from advice to stop smoking and at what point charities should work with young people at risk of exclusion from school, to give but a few examples.
It seems like data should help as it does for firms and governments, but that’s not always the case. Data is often held by small organisations who can’t plug in to local and regional trends– and they may lack the capacity to apply sophisticated statistical methods that are seen as the most reliable by funders.
At NPC we seek to unleash the power of data by giving the sector tools to better understand its environment and impact. We’re always looking to innovate and go further–and we’d love to hear your ideas. We have three powerful tools to share with you:
The product of our engagement with NPC became a key pillar of Opportunity’s strategic approach to communicating and partnering with impact investors and catalytic capital providers. The impact report is now our most effective instrument to present our platform, and the value added that Opportunity’s programs bring to this audience, which includes private and public sector players.
Mauricio Rincon
Managing Director, Capital Solutions, Opportunity International
