How Data is Used for Social Good?
Marcus Lemonis, a known entrepreneur and small-business investor, often refers to the importance of business owners “knowing their numbers”. Data and statistics are everything when it comes to establishing successful businesses, especially those involved in social change.
Suppose you tell someone that you are going to provide free education to the rural masses in India, this may evoke the sympathy of others but that’s about it. Post this, asking for donations may not yield much funding, given the audacious nature of the goal. Alternatively, if you’re knowledgeable about how much funding it’ll take to improve the literacy rate in rural areas which has an illiterate population of about 315M, then things will swing in your favour.
Data is the new oil. Obscure ideas and unclear stories aren’t very compelling, but facts set in data paint a much clearer picture. Being able to leverage data can make all the difference in eradicating various global or local social problems.
A lot of non-profit organisations have made use of data analytics and Big Data to solve social problems. Let’s list some of them:
All these companies and other non-profits similar to them work both locally and globally to support a new generation of socially minded data scientists. Being able to harness this new analytics and Big Data techniques to aid social entrepreneurs is a crucial step for future progress.
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