Despite the enormous quantity of data that exists in today’s world there are huge gaps in access and visibility information on underdeveloped and impoverished countries. It is becoming extremely vital for public institutions to have a comprehensive understanding of the entire population to be able to provide constructive solutions. Without data and pertinent information it is difficult to solve the current global challenges that plague the world. This issue has breathed life into the new, innovative data philanthropy movement where private companies can donate date and resources, as Dave Tang explains for Datacenter Dynamics.
2.5 quintillion bytes of data are being created every single day. This monstrous amount of data can be utilized to help solve social issues ranging from saving the planet to restoring an economy. Unfortunately, this data is not available for public institutions to make use of. With only .5% of available data accessible to be analyzed by public institutions and their researchers, there is a huge opening with massive potential.
Private companies hold almost all of the world’s data in their back pocket. They do not realize how versatile that data truly is as they use it primarily to drive smarter and faster business decisions. For example, when a privatized company granted researchers access to a data set regarding their mobile network in Senegal, the researchers were not only able to help the company but also discovered a connection in the spread of malaria and population migrations. This revelation resulted in better perpetration and future prevention. If more data like this was made accessible the possibilities for future world-changing solutions are endless.
Sooner rather than later we hope to see data philanthropy become an influential part of every private company. Tech companies can make a big difference by using their technologies to collect missing data. Without the estimated 350 million people missing from public census data, it is impossible to analyze and find solutions for impoverished nations. Data philanthropy can be very influential and lucrative for companies. It can enhance public perception, attract quality, passionate talent, and help open up new business markets. We support the partnerships between tech and international institutions to help jump-start social good!