Data efficiency company Databound are seeking charities in need of better data management. When properly harnessed, data can create meaningful insights and help to drive purposeful decision making. If your charity would benefit from better data management, fill out the contact form on their site and quote ‘whatCharity’ for your free trial reference.
Databound is a young and dynamic company, that specialises in finding and implementing novel and cutting-edge methods to optimise the efficiency of your business.
What is data?
Data is generally defined as “information, especially facts or numbers, collected to be examined and considered and used to help decision-making, or information in an electronic form that can be stored and used by a computer”. More simply put, data is the information that we collect every day to allow us to make informed decisions, often without thinking about it.
In terms of charities and corporations, data is a particular focus in itself. Almost all information collected can be considered data, as long as it is controlled, and has a defined use. Common ways of collecting data are by customer surveys, specific research or experiments, and stock taking. How data is stored is up to each person or company, but one of the most commonly used tools for data storage is Microsoft Excel.
Why should charities care about data?
Good data management and analysis allows for much more informed decision making. Whilst basic data management is necessary to allow for the running of a charity, particular focus and understanding of what your data is doing for you can open up greater efficiency and opportunity.
Below is a list of common data types that many charities may use in some way; please remember however, data is applicable to almost anything, so this list is non-exhaustive!
- Transactional data – this data is concerned with the recording and tracking of cash flow, purchases, and donations.
- Interactional data – this data maintains a log of who is interested in your charity, such as website visits, investor meetings, and media statements.
- Product data – this data states the specifications of a sold product or item.
- Managerial data – this data tracks employees, volunteers, salaries, skill levels, and tasks assigned to a person.
- Supply data – this data helps highlight stock levels, distribution of raw materials and items, and can highlight when it is time to buy more inventory.
Inefficiencies in any of the above examples can lead to a huge waste of time for your staff and volunteers, and therefore a waste of money and efficiency. When done correctly, proper data management lets you focus on what really matters, confident that you know what is going on both in and outside of your charity.
Going beyond this, more advanced data analysis can highlight yearly trends, upcoming challenges, and reveal potential opportunities that could change how you approach your work.
What can Databound do for charities?
At Databound, we understand that data analysis can be a daunting prospect, often requiring a longer-term learning process and/or complicated software.
We want to offer an initial 2 hour consultancy session, (per charity), to discuss how each charity currently collects and stores data, and offer advice on their ongoing data management.
Following this, we would like to offer a 2-week trial use of our automatic data transformation service – showing how the charity’s current data, or trial data, can be used to show useful output, based on the charity’s end goal.
This would-be built-in collaboration with the charity, and show them what their data could do. Although they wouldn’t have access to our automatic data transformation service after the 2 weeks, (unless they pay a minimal fee to maintain the server), it would show them how to transform their data.
We ensure that all data sent to us is not stored anywhere on our system; our automatic data transformation service will analyse and return the data instantly, without saving the data of our client.
Any disclosure of types of data and output in our consultation service will not involve the actual data itself, and can use simulation data.
We are accepting direct requests from between 5 and 10 charities. Apply by clicking on on ‘contact us’ here and quoting ‘whatCharity’ as your reference. We will respond to organise the initial consultation within 48 hours.
— Joe Babbage – Director of Databound
“We started this company with the aim of making actually meaningful information and statistics open to everyone, regardless of budget or background. This is more important now than ever, in the wake of Covid-19, and we know many charities and businesses could use our help. Although we are a relatively small company, whatCharity is helping us make a difference. ”
If you are a company or individual looking to support charities, get in touch for a bespoke match.