Earlier this year, I had the chance to participate in a gathering of talent and creativity at Transform the Sector. While I was there, I made some connections with the folks from the MasterCard Center for Inclusive Growth, and they are doing some really exciting things related to combining their own proprietary data with open and public data to help address social issues.
Because we here at Datassist love to highlight when someone is using data in a clever or interesting way — especially to solve social problems — we thought we’d share with you a little about the cool things the team at MCIG are doing.
What is the MasterCard Center for Inclusive Growth?
The MasterCard Center for Inclusive Growth aims to facilitate sustainable economic growth and financial inclusion — a subject near and dear to our hearts — around the globe. MCIG invests in research and programs to help further these goals using data, expertise, technology, and philanthropic investments.
Their website tells some exciting stories about the work that’s being done to further sustainable growth and financial inclusion. The insights page highlights new ideas and research being done in the field, while the actions page invites readers to follow along with innovative approaches and solutions being implemented. The MasterCard Center for Inclusive Growth is, in short, a powerful partner for those working towards change.
Using Shared Data to Address Social Issues
The importance of data sharing and cross-project collaboration is a drum I’ve been banging on for a long time, and the MasterCard Center for Inclusive Growth’s Donations Insights program takes a huge step towards providing nonprofits and social sector organizations with information that, until now, they have been sorely lacking.
Donations Insights offers access to over five years’ worth of anonymized and aggregated donation data, complete with analysis of trends and underlying factors, and can also serve as a strategy guide for organizations reliant on private contributions to fund their efforts. MCIG is wielding its power, not to promote its own agenda, but to support the efforts of smaller agencies that, without projects like this, would never have access to this kind of data — data that can make a world of difference to the efficiency of their efforts.
Projects and Insights We Love
MCIG’s website is full of stories and articles of researchers, nonprofits, and data analysts making a difference in the world. Here are just a few that we particularly loved.
Poverty and income inequality are not the issues in the EU that they are in the US, Latin America, and Asia. But European youth are facing different — and very real — challenges in unemployment and social mobility. Can the private sector address this problem?
Some economists suggest that close to half of US jobs could be taken over by technology in the next 20 years. The World Economic Forum predicts automation tech will cost us over 5 million jobs globally by 2020. Which segments are under the knife, and how to we address such an unprecedented disruption?
Issues like hidden fees for free services and citizens who never see the aid their governments accept can discourage the most intrepid social sector organizations. But using new transparency platforms to collect data from the very populations who need our help the most could bring about a revolution in accountability.
A lack of identification documentation bars many refugees from accessing financial services, healthcare, education, or employment in their host countries. The idea that every person, everywhere, deserves their own unique digital ID is the thinking behind the UNHCR’s biometric registration initiative.
How Can You Get Involved?
Want more insight into how shared or public data can help your organization better manage resources, raise funds, and achieve goals? Datassist is here to help. Get in touch with our team today.