Posts by Jacob Winiecki
Machine learning is an exciting technology with plenty of potential applications in social impact business. But as Jacob Winiecki at BFA points out, the hype around the approach may make it tempting to jump in without first determining if it's the right tool for the job. He offers a clear run-down of how machine learning actually works in practice, along with three concrete steps for how a PAYGo enterprise can implement the technology, based on the work BFA’s FIBR Project has done with ZOLA, a leading PAYGo solar operator in Africa.
With over 1 million units installed in the past four years, the PAYGo financing model is already unlocking significant growth for the off-grid solar industry. But the sector also faces formidable challenges. FIBR, a project by BFA in partnership with Mastercard Foundation, is exploring ways PAYGo solar can leverage data to make better point-of-sale decisions, customize product offerings, engage and retain agent networks, inform future follow-on products, and build linkages with other financial service providers.