Tuesday
January 22
2019

Press release: Mastercard and The Rockefeller Foundation Announce ‘Data Science for Social Impact’ with Initial $50 Million Commitment

The Mastercard Center for Inclusive Growth and The Rockefeller Foundation today announced Data Science for Social Impact. This transformational model for collaborative philanthropy will accelerate the use of data science by empowering non-profit, civic and government organizations with the tools, expertise and other capabilities they need to help solve the world’s most pressing challenges.

The collaborative was announced at the World Economic Forum’s Annual Meeting in Davos, Switzerland, with an initial commitment of $50 million from The Rockefeller Foundation and the Mastercard Impact Fund over five years and an invitation to other companies and philanthropies to join.

More than 2.5 quintillion bytes of data are produced every day. This abundance of data, combined with rapidly advancing analytics capabilities, has the potential to improve the lives of billions of people around the world. While businesses have been building and deploying data science capabilities for many years, those on the front lines of social good often lack the resources to do the same. However, governments and non-profits are actively looking for new ways to advance their efforts through applied data to allow, for example, improved access to public transport for underserved communities or the acceleration of disease diagnoses.

Building on The Rockefeller Foundation’s leadership in social impact and the Mastercard Center for Inclusive Growth’s leadership on data philanthropy and governance, the collaborative will identify key priorities and investment opportunities to accelerate data for good, whether that be through research, skill-building or the development of new technology platforms. By growing the data science capabilities of non-profit, civic and government organizations, the collaborative can help local leaders uncover new insights and trends from their data and build more impactful programs for the communities they serve.

Source: Press release (link opens in a new window)

Categories
Technology
Tags
big data, data, digital revolution, philanthropy, social impact, tech for good, technology