USA, Russia, EU, Europe, China and UAE are among many jurisdictions that have recently imposed economic sanctions on foreign companies and individuals, in response to alleged human rights violations, geopolitical tensions or breaches of international law. Any company operating internationally could face legal and financial penalties if they or their third party are found to be in breach of such sanctions. However, companies...
Financial shocks almost seem like business-as-usual for any company operating internationally in 2024-25. Recent shocks like sharply rising inflation, sudden economic sanctions, and military crises each have the potential to disrupt supply chains and prevent business operations/activity. Companies that have built up resilience are not only better equipped to overcome shocks and preserve their supply chains but can...
From machine learning to generative AI, the latest developments in AI technology offer a major competitive advantage to companies who can best apply them to their business’ challenges. But those benefits will only be realized if a firm’s AI initiatives are founded on credible and accurate data. In this blog, we explore how trusted data and technology can make your company more innovative. How to ensure...
Companies are increasingly moving to an API-first approach in which they start any AI or digital project by focusing on the API they will use to integrate the data required. In this blog, we look at the benefits of this approach and seven steps your company can follow to become API-first. The trend towards an API-first approach One of the clearest trends in corporate governance over the past decade is the move towards...
With the start of Giving Season just around the corner, we’ve pulled together some tips on trends and prospect research tricks to help you make the most of this year’s giving season and move your mission forward. After all, as Classy.org reports , non-profits acquire 10X more donors on Giving Tuesday compared to an average day and 30% of annual donations come in between Giving Tuesday and New Year’s...
Many people get started in nonprofits because they are very passionate about the cause. This means that the work is incredibly meaningful and can be very fulfilling. However, with funding and staffing limitations, the nonstop list of tasks, and passion for the cause, the sector sees a high rate of employee burn out. And of course, that issue becomes even larger during stressful periods like “Giving Season.”...
Storytelling is a powerful tool: even just going to see a movie or turning on the television can provide a sense of escapism, boost our empathy for fellow humans and change the way we see the world. Apply that to fundraising and you’ve got a winning strategy in which donors are even more compelled to give to your organization. Sharing anecdotes and wins during Giving Season is a helpful way to meet fundraising...
AI offers significant opportunities for companies, but there are ethical concerns around the fast-emerging technology. Many of these concerns come back to the data being leveraged by technology, including how that data was collected and how it is being used. In this blog, we look at the benefits for companies of prioritizing ethics when bringing in AI and data. We then outline five steps to follow to develop an ethical...
As the calendar winds down, nonprofits and philanthropic causes see a significant surge in donations, with December 30th and 31st consistently ranking as the two biggest giving days of the year. This phenomenon is driven by several key events and factors, each contributing to the heightened generosity witnessed at the year's end. Let's explore these in detail. 1. The influence of Giving Tuesday Giving Tuesday...
Nearly 9/10 executives consider investing in AI and data to be a top priority for their company, yet 8/10 of those initiatives are likely to end in failure. In this post, we explore the key reasons behind why AI projects do not achieve their aims. We then draw lessons from those failures to help companies exploit the vast opportunities of AI, with help from credible data and technology from LexisNexis® . A study...
What’s your strategy for uncovering intelligence that can give you an edge in the market? We’ve all experienced the transformative power of data and algorithms when using Google, streaming with Netflix, or shopping on Amazon. But futurist and technology thought leader Bernard Marr highlights that organizations directly interacting with consumers have a significant data advantage due to the abundance of consumer...
In 2021, a McKinsey survey revealed that 80% of organizations were prioritizing new business building to better adapt to disruption and shifts in demand. Market intelligence metrics play a crucial role in enabling business expansion. Ongoing turbulence—in economies, markets, and elsewhere—has only increased the value of timely, relevant market intelligence (MI). Like setting sail on the vast ocean, your...
For businesses in the nonprofit industry that rely on donor funding, one of the biggest hurdles can be finding donors in the first place. While your institution may have a set group of reliable givers, it’s always important to be generating more and more donor prospects to grow and maintain revenue. But most donors aren’t found with a simple Google search or Instagram post. Nonprofits rely on various methods...
In the three years since the corporate world shifted to a remote-forward work culture, employees have been able to see into the lives of their coworkers. With video conferencing, people can view someone’s living room, their family walking around in the background and, most importantly, the way their browser looks when they share a screen. So, it’s safe to say that everyone knows by now that there’s always...
Creating a Workflow process is one of the best ways businesses can keep up with the changing landscape of office life. Workflows are being implemented across industries for good reason; according to a study by Gartner , automated workflows increase productivity, reduce errors and lead to overall lower operational costs for businesses. They make employees’ lives simpler and improve the customer service experience...
While the ability to multitask can seem like a positive skill, there is a lot of research into the actual downsides of having too much on one’s plate at once. The act of “ task switching ,” or moving in between two separate tasks, often results in lost time and focus, making it an impediment to productivity. This is particularly the case in research, when employees shift between searching and archiving...
Distinguishing between brand identity and corporate identity can be challenging, as the average retail consumer may not be aware of (or interested in) the corporate ownership of products they use every day, but understanding corporate ownership is crucial for competitive intelligence researchers. Through mergers and acquisitions (M&A) , strategic purchases of supply chains , or efforts to dominate a specific category...
Change management is a crucial, yet daunting, part of a company’s life cycle. Whether it’s in response to exciting growth or disappointing pitfalls, adaptation is often necessary when it comes to moving forward, and the need to adapt is only increasing as the marketplace becomes more unpredictable. Change management is especially important when it comes to research. Research teams are often shifting their...
Recent years have shed light on the criticality (and fragility) of the global supply chain , due to the pandemic, geopolitical tensions, and economic repercussions of inflation, to name a few. Maintaining smooth supply chain operations is more complex than ever, as raw material shortages and the growing impacts of climate change are further complicating the landscape. Moreover, the increase in Environmental, Social...
The COVID-19 pandemic changed the world in a multitude of ways. It’s no secret that we are no longer living in the same society that existed in 2019. Because of the events of the last few years, we are now dealing with things like growing inflation, industry-agnostic mass layoffs , and a massive increases in remote offices. That last point is unique in that it’s something people are often rooting for, as employees...
Nonprofits face an uphill battle at the end of every year when “Giving Season” hits hard. The needs to balance incoming donations, pursue new and old donors, and meet specific year-end goals seem to pile up in the fourth quarter, and there are likely to be plenty of external factors that are missed in the overwhelm. One such factor is organizational reputation, or how your nonprofit is perceived by the public...
The workforce has changed a lot over the last few years. Many factors have forced companies to change their old practices: hybrid and long-term remote work options, ongoing recession fears, and inflation are just a few motivators toward large overall shifts. That means optimizing workflow — a process which removes hurdles and streamlines daily work to ultimately lower the cost of operations—is more important...
As organizations gear up for 2024’s Giving Season, we’re calling attention to areas of fundraising that you might be undermining. Peer-to-peer fundraising, as a newer method, is certainly underestimated by organizations that prefer traditional routes. However, research shows that this area is well worth the time and investment. Here’s everything you should know about peer-to-peer fundraising, and how...
When crafting (or refining) a fundraising strategy, professionals are bound to get lost in the jargon of the industry. And for good reason: terms like “donor prospecting” and “donor profiles” all seem nebulous until you have real definitions to place behind them. Yet understanding the differences is necessary to running an efficient donor prospecting strategy—especially in busy times like...
Generative AI has changed the landscape for businesses as it goes beyond basic search functions to synthesize, summarize, contextualize, and analyze large volumes of information. For researchers, analysts, advisors, and other professionals at investment banks, wealth management firms, insurance companies, and other financial institutions, generative AI enables the automation of tedious research steps. Rather than having...