The Shifting Need to Demonstrate Value and Impact through Data
2 minMission-driven organisations are facing challenging times, brought on by unexpected economic, political, technological, and ecological events. The situation is made even more difficult by reforms and donor requirements for transparency as to the impact and value of their contributions.
These demands are driving evolving and deepening requirements to make data-driven decisions to deliver relevant, meaningful programs and, communicate program impact to stakeholders, donor sources, fundraising entities and government.
Regardless of how mature organisations may be on their digital transformation journey, all organisations can start incorporating the practices of value creation, value capture and impact management, by placing data and evidence at the core.
Key Takeaways:
- Measure and show return-on-value (RoV) from initiatives
- Shift the conversation from activity to value and impact
- Assess competencies of a mature impact-focused organisation
- Modernise technology and processes for evidence-based decisions