Abstract:

Evidence based strategy formulation using data has become a method to enhance organizations' efficiency and decision-making processes in a more accountable manner. This article examines how adopting data-driven approaches affects strategies, resource allocation, and the cultivation of trust with stakeholders. After analysing secondary data sources, this research focuses on key tools such as mobile data collection, predictive analytics, and dashboards that significantly improve efficiency by reducing time consumption and errors by approximately 45% and 30%, respectively. Effective data governance practices improve transparency and inspire donors' trust within organizations, along with advancements in artificial intelligence (AI). Blockchain is expected to drive enhancements in this regard. Emerging technologies like blockchain are expected to enhance transparency and donor trust, further driving data governance improvements. However, challenges such as resources, scattered data, and ethical concerns continue to pose hurdles for smaller nonprofit organizations. Suggestions encompass skill development initiatives, cost-effective technology solutions, and collaborative alliances. The research reinforces the importance of embracing data-centric approaches for lasting outcomes and offers guidance for professionals and policymakers alike. It would be beneficial to explore how these methods could contribute to sustainability and their practical use in industries aiming to bring about long-term positive impacts.

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