Determine the objective
What is to be modeled and predicted?
Outcomes and Impact Measurement are buzzwords on every grantmaker’s lips. Organizations are under pressure to be more and more accountable for the results they deliver on behalf of their boards and funders. They’re being asked to answer questions like, “were these funds well spent? Did they achieve measurable results? Is there a need to rethink how we provide grants funding in the coming years?”
Most organizations have the answers to these questions. The problem is they don’t have the right tools or staff to make sense of the large amounts of data collected throughout their granting cycle, nevermind understanding outcomes metrics.
So what’s the best way to analyze your data and ensure you’re capturing the most relevant information? And how can you take that next big step where your data can actually help you make better decisions for the future?
By using the power of predictive analytics.
Predictive analytics is a powerful tool that can help enrich your organization's reporting capabilities and other strategic functions:
Predictive analytics gives you the leverage you need to forecast future outcomes more accurately. How? By analyzing your past granting activities and applying those results to your planningprocess for upcoming granting activities.
SmartSimple is not only the leader in grants management software, we’re also your experts in predictive analytics. We’ll help you navigate the complex world of analytics and give you a complete understanding of how your past granting activities can assist in making decisions about your future funding activities. This will ensure you drive real, measurable results.
From defining your analytic objectives to your final data analytics model, SmartSimple provides complete predictive analytics support. Working with you, we’ll build predictive models using your own data, or select pre-built models and tailor them to your objectives.
SmartSimple knows how to identify and leverage the right data to make predictive analytics a valuable tool for your organization.