Why your Nonprofit need Data Analytics and BI dashboards?
Data has the potential to become a powerful addition to the work you do, providing the insights you need to make better decisions. By analyzing the data, you already have, you can identify patterns and opportunities that will help you better understand your supporters and the impact you’re making.
Data is valuable for all business industry segments and Non-Profit organizations equally. Nonprofits get charities in one or other forms throughout the year, yet they need to be efficient about their operations and donor outreach. Let’s understand in detail in the below infographic as to why your Nonprofit needs Data Analytics and BI dashboards?
Data Is Valuable. Insights are Invaluable
While many non-profit organizations collect many forms of data, only a few know how to use it well.
97% of those we surveyed said they were interested in learning more about data and how to use it effectively.
Over half of those surveyed indicate they use software to collect and analyze email and donor management data
A quarter of the respondents say they collect data for their major gifts’ programs
Even less said they collect the data for planned giving and volunteer management
Discover the Four Important Ways Data Analytics can help NPOs.
Budgeting and forecasting
Analytics tools can help nonprofits eliminate the challenge of managing the budgeting, planning, and forecasting processes through dozens of unsynchronized spreadsheets. Instead, they centralize the data and simplify collaboration using Integrated reports.
Fundraising and targeted outreach
NPOs perform several events throughout the year to improve their outreach and get more donors and funds. They must track this data. The historic analysis of this data can help them leverage the power of Predictive Analytics to find which of their events/ activity/ location/ email have responded most positively and what went wrong.
Nonprofits are bound by regulations governing the types of data they collect, how they use it, and what to report. Business intelligence can help organizations gather, organize and analyze data; compile reports; and comply with requirements.
Unified view and global Insights
NPOs face changes with their scattered data into different systems and files. They need integrated systems to understand the impact of one activity over the operations/ finances or available resources. This can be done by connecting siloed systems and then projecting everything on a unified dashboard