In recent years, businesses across all sectors have demonstrated concern about acquiring the right technology to solve their impact data management challenges, particularly when it comes to data aggregation software.
While platforms like Salesforce and Software as a Service (SaaS) technologies have been expanding capabilities for financial and impact data collection, to make sense of all the collected data and use it for strategic decisions, it is necessary to aggregate it first.
In this article we will delve into the three clear signs that your organization needs data aggregation software to obtain valuable data-driven insights.
1. You are using Excel for data collection
While Excel serves the purpose of collecting data from different sources, it doesn't mean that the data is ready to be used. You are most likely dedicating a whole lot of time to reviewing, cleaning, and standardizing the data.
Once you do that, you still have to apply formulas, and create pivot tables and charts to see aggregated results that are easier to understand.
2. You need impact data to evaluate an initiative
If you are trying to understand the overall impact of an initiative, project, or product, you will need to visualize the aggregated results over time to see if they are improving or not.
For example, if your organization is working towards increasing girls enrollment in elementary school, you will need to collect the data from different schools in the community, aggregate it by year and create a line chart to observe if the enrollment rate is actually going up.
3. Your stakeholders aren't clear about your results
Raw data is very hard to understand for people who are not immersed in your daily operations. To effectively communicate results to funders, donors, and the Board of Directors you will need a dashboard.
Dashboards use summary boxes, charts, and other visual aids to present the highlights of your organization's results. To make them effective and easy to understand, you need to present aggregated data.
The revolution of cloud-based applications is providing mission-driven organizations with hundreds of service-oriented solutions available at significantly lower cost compared to traditional IT applications.
SaaS Technology like Impact Cloud™ is a great option for businesses with operations in different locations. These Enterprise platforms usually represent a bigger investment, but have the ability to streamline complex data management ecosystems.
Within the same platform, the data can be collected, aggregated, and transformed into nice visuals and dashboards, unleashing the power of SaaS Technology for social good.
Learn More: Impact Measurement