Innovation and disruption surround us, dramatically influencing dynamics in every workplace. The philanthropic sector is not immune to these changes and can observe and replicate effective practices already being adopted by the private sector.

Philanthropic organizations will have to rely more on technology, data and analytics to keep pace with the changing world, including adapting their grantmaking and other processes, changing the way they communicate and share knowledge and identifying new opportunities learning organization enabled to reach its highest potential.

This means that all staff working in philanthropic foundations are leaving a digital footprint wherever the go, both on the inside and outside the foundation. Foundation-owned assets (computers, devices, etc.) are continuously capturing data of all kinds. Without a data strategy, this data collection may be random and not very controlled, making it clear that just having all of this data is not enough. Foundations must be able to make sense of the data they are collecting.

Read the full article by GrantBook on Medium