UNSW Alumni Pitch: Big Data Meets Buzz Lightyear
GDI Co-Founder, Tom Perfrement, recently pitched GDI at the University of New South Wales Alumni Pitch Night. Listen below to learn more about the GDI model and explore how to get involved as a corporate, NFP, or data analytics volunteer!
Applications for our next GDI Data For Good cohort are currently open with the program running from Monday the 19th of September through to Monday the 5th of December 2022. This program serves as the gateway into the Good Data Institute community and consists of learning and development (L&D) events and a team based hackathon with a NFP partner.
No matter your gender, age, ethnicity, location or religion, you are welcome at GDI and we warmly invite you to apply to our Data For Good cohort. After the program, members of the cohort graduate into the GDI network where they can continue to work on projects with NFPs and continue their data for social good journey.
This is Margaret, holding Buzz Lightyear. She’s the CEO of CaringKids, one of over 50,000 small or mid sized not for profits in Australia.
Like many organisations of similar size, Caring Kids is (was) fuelled by some pretty simple processes: sometimes paper surveys, excel spreadsheets, but a hell of a lot of passion and heart.
Unfortunately, the social sector has been largely unaware of the strategic importance of data or struggled to attract the right talent to implement it.
Meanwhile, as a management consultant in the for-profit world, I saw so many smart people disenfranchised with pushing capitalism forward when their skills where so powerful for doing more.
Our founding story was focused on answering this question: how do we get data scientists working with the social sector, doing truly rewarding work.
I’m Tom Perfrement, I’m the Co-Founder of GDI, and our mission is to use data science for social good and empower the causes we care deeply about.
We achieve this by connecting our community of over 120 data analytics volunteers with more than 40 amazing not for profits all over the world though our simple tech platform.
Our pro-bono work tends to cover 3 main topics: donor socio economic analysis, impact measurement or building bespoke data products.
We know the broader market for big data and analytics is growing at almost 30% year on year, but we believe we’ve only started to scratch the surface of the opportunity in the NFP space.
Our operating model is focused on our cohort programs in which we run a rigorous recruitment process to select amazing data scientists and then provide learning and development sessions and a hackathon to kickstart their data for social good journey.
With zero paid advertising, we received 72 applications for our last cohort program and selected 17 individuals. We know that these individuals then go on to do on average 1-2 projects per year.
Our Exec leadership team consists of myself, Vivek – who is a data scientist at Multitudes – and Olivia who is a VC at Skip Capital, the family office of Scott Farquhar.
We achieve financial breakeven via charging a small pro-bono fee to the NFPs we work with.
We are the first organisation to use this model in Australia but we can look to the States to see how big this could become. DataKind, received $20m US dollars in funding in 2018 from the Mastercard and Rockerfeller foundation to scale up their growth.
In summary, we want to see the NFP sector seen as the frontier of data science and not the laggard.
We want to see a network of thousands of volunteers supporting hundreds of not for profits.
If you are a potential funder or corporate sponsor, we’d love to hear from you. Just $50k per annum could triple the size of our cohort program.
If you are a data scientist, we’d love to hear from you. Applications for our next cohort intake are now open.
And lastly, if you work at a NFP, we’d love to support you.
Big data meets Buzz Lightyear: now that’s a combination that could take us to infinity & beyond.
If you are a data & analytics professional looking to make an impact and become part of a global community of people like you, applications for our next GDI Data For Good cohort are currently open with the program running over Oct, Nov and Dec 2022. This program serves as the gateway into the Good Data Institute community and consists of learning and development (L&D) events and a team based hackathon with a NFP partner. Sign up for our newsletter here to stay in the loop.
The Good Data Institute (established 2019) is a registered not-for-profit organisation (ABN: 6664087941) that aims to give not-for-profits access to data analytics (D&A) support & tools. Our mission is to be the bridge between the not-for-profit world and the world of data analytics practitioners wishing to do social good. Using D&A, we identify, share, and help implement the most effective means for growing NFP people, organisations, and their impact.