03/06/2020
By Mohona Dutta | Reading time 6 mins
By Mohona Dutta | Reading time 6 mins
Being data-driven in today’s world is a given. After all, everything relies on data, any industry, type of business, organization goals, targets. For nonprofits, digital transformation, a renovation of the way they use the information to better serve stakeholders, donors, members and strengthen value – is more and more pivotal to survival.
A survey had shown that nonprofit donors want to view the impact of their dollars as it’s important to know how a charity uses its contributions. The most successful nonprofits have been able to tap into that arena with the help of data and the right kind of technology.
The success strategy is all about pre-emptively planning for and investing in modern tech platforms, leveraging crucial data to make informed decisions, streamlining the organization, and promote transparency.
Business intelligence solutions continue to take data-driven decision making to a different tangent for most organizations. Loads of data are being churned out every day by various nonprofits and there is a serious requirement to process this data for tracking the mission goals.
Moreover, reports and dashboards are an essential part of running the operations for the members, the staff at these nonprofits. However, data can sometimes be overwhelming if not processed and delivered in the right manner. Here is where Power BI comes to play.
A data-driven nonprofit can be summarized as one that utilizes data to inform and guide important decisions. Collating and evaluating quantifiable and relevant information is significant to the process.
Rather than following the traditional way of doing things – relying on intuition, gut feelings, or previous experiences, data analysis leads to the actions and selections of the most effective nonprofit decision-makers. Power BI becomes an aid in such kind of real-time, analytical decision-making process.
For many nonprofits, the initial step in a technology revolution begins by gathering and unifying data that might be dispersed across multiple systems.
There are associations struggle with an expensive, unwieldy system constructed on multiple vendors and services and there are others that struggle with dissimilar budgeting or payment systems or distributed donor lists.
There are even nonprofits that deal with incongruent external data challenges like census data, education assessments, or even weather statistics.
Once a data-driven organization has a tactical technique for assembling its data and assuring the quality with Power BI, it can begin to surface and analyze the information, garnering and sharing insight through reports and dashboards.
It can quantitatively display a comprehensive range of information from operations transparency to programming effect.
In the nonprofit domain, every dollar saved is a dollar earned and it enhances the impact it creates. Decision-makers, donors, and volunteers believe planned technology investment is also eventually important to a charity’s impact.
With its innumerable features, Power BI can become a lot more useful and enhance your decision-making abilities. Also, it allows for increased productivity and a focused approach towards your mission.
Power BI offers a lot of advanced visualization techniques that bring your data to life and make your evaluation process, easier.
At AhaApps, we will help you get the most out of your Power BI investment, accelerating time-to-value with our proven method and our team of skilled consultants Connect with us today.
Mohona is a Content Writer for the Marketing team in AhaApps since 2019. When she is not busy attending to her creative, technical side, she likes to binge on sitcoms on Netflix. She loves writing poems and reading short stories when she wants to break away from the humdrum of life.