5 critical first steps to creating better granting outcomes
How do you know you’ve been making a difference with your granting initiatives? That’s what every grantmaker is asking or being asked by their donors, funders and boards. While it’s important to know what you’ve accomplished, it’s even more important to have a solid understanding of how to gather, organize, analyze and share data, in order to ensure your granting activities achieve impactful, measurable results; this is where predictive analytics comes into play. Predictive analytics uses your data to paint a picture of what is likely to happen in the future. This gives you the insight to make better, more informed decisions; increasing your ability to create positive change. Large corporations, retail chains, marketing companies and even sports franchises have been using this process to successfully forecast outcomes for decades, and it can be an invaluable tool for grantmakers. Any successful predictive analytics program starts with 5 key steps: 1. Develop a B...