Giving Compass' Take: 

• The digital era can bring about many advances because of things like blockchain, design thinking, VR and more. This digital power can be used to progress social innovation and bring about societal change. 

• How can we encourage more organizations to utilize technology and use it more for social, environmental, and educational purposes rather than purely capital gain? 

•  Read more about the relationship between social innovation and digital inclusivity. 

In the digital revolution that has been called “Business 4.0,” new and rapidly evolving technology has transformed business practices and strategies. Now, that part of the non-profit sector focused on social issues is undergoing a similarly radical revolution. Innovative technologies such as blockchain, design thinking, virtual reality, robotics, AI, and cloud analytics offer new opportunities to increase access and equity to individuals and communities.

Every day, non-profit organizations across the U.S. receive billions in contributions, supporting causes from education, health and the environment, to social wellbeing and arts and humanities.

These organizations face many challenges, including governance, reporting, impact, and scale. Similar to how digital technology is helping enterprises grow and transform, tech can play a pivotal role in alleviating these societal issues and provide an opportunity for social innovation.

The question for nonprofits is, how to best harness new tech’s tremendous potential for greater impact in addressing problems in the areas of health, education, and the environment?

Tata Consultancy Services, in partnership with the U.S. Chamber of Commerce Foundation, is convening to host Empowers: Accelerating Innovation for Business and Social Good at the Chamber of Commerce in Washington D.C. The forum is bringing together leaders from business, technology, government, policy, and citizenship with on-the-ground partners who are shaping the future of innovation and social impact to discuss with nonprofit leaders how technology can solve pressing societal challenges.

The event’s program will discuss ways to develop partnerships, funding opportunities, and human and technology capital. Featured speakers include experts from TCS, Deloitte & Touche, Lockheed Martin, and the White House Office of Science and Technology,

Read the full article about transforming social innovation at TriplePundit