Writing grant proposals is almost always a momentous undertaking. One of the most challenging aspects when composing a winning grant proposal is having the right big data. Collecting and analyzing big data in schools and not-for-profit organizations is often made more challenging due to an initial lack of resources and manpower. Instead of continually having a select group work around the clock in order to write a competitive proposal which may fund a certain program for one calendar year, invest in the right self-service business analytics software upfront. Effectively conduct more big data analysis in-house without charging many billable hours to personnel who are highly qualified in big data analytics. Use business intelligence software as part of a tiered system to optimize allocation of limited resources.
The Value of Investing in Business Intelligence Software as Part of a Tiered System
Business intelligence, or BI, software can streamline internal systems and cut research costs. Whereas it has been traditionally necessary for highly experienced personnel in the field of academia to have direct involvement in almost all aspects of big data analysis, business intelligence software can better allocate resources by turning the role of highly skilled research personnel from that of hands-on researcher to that of quality grant proposal and data analytics consultant. The availability of in-house intelligence software can minimize the chance of human error while expediting and improving the grant writing process.
How a Tiered System for Big Data Analysis Could Work
Available graduate students, interns, and administrative assistants have manually assisted in data entry and data checking in grant proposal and research scenarios for decades. There are almost always standard protocols for activities regarding data collection, data entry, data analysis, and miscellaneous administrative tasks associated with all aspects of grant proposals. The implementation of self-service business intelligence software can offer further opportunities for personnel that have few or no billable hours to work on time consuming aspects of grant proposals such as big data analysis. Furthermore, highly experienced and educated personnel can better allocate personal time when designing procedures for ongoing acquisition of data, writing proposals based on big data interpretation, suggesting the implementation of additional programs, and researching available grants.
Optimize Allocation or Resources and Acquisition of Resources with the Right Investment
Schools and not-for-profit organizations often get stuck in a downward spiral. Funds are short, which often results in a lower quality of programs offered. Lower quality programs often can result in less favorable data when measuring program success. Finally, poor levels of program success can result in fewer opportunities to acquire necessary funds. Many facets of school and not-for-profit organizations are not sustainable. However, investing in the right self-service business intelligence software is much more sustainable than relying on a select few employees or a large volunteer base to have lasting involvement with any given organization. Resources should be allocated wisely with long-term results in mind. Minimize resources used for training, damage control due to human errors, and unnecessary billable hours by investing in user-friendly business intelligence software that can effectively analyze big data.
How to Conceptualize Business Intelligence Software Investments for Not-for-Profits
Not-for-profit organizations are by definition minimally profitable, and justifying a large upfront investment can be difficult. Think of utilizing business intelligence software to expedite and improve the grant writing process to win more federal grant monies for the overall betterment of the organization. Hold fundraisers and promotional events to access the funds needed to invest in business intelligence software that will give schools and not-for-profit organizations better, brighter, and more sustainable futures. Business intelligence software is a relatively new tool that can be used far beyond the IT world. In addition to creating more efficient computer networks, BI can be an integral part of creating better services for communities.