In Partnership with the Data Collaborative
The Data Value Toolkit
The Data Value Toolkit is a foundational project for the Impact Accelerator at Otago University Business School in partnership with The Data Collaborative.
It is designed to address the data dilemma for small businesses, not-for-profits, and NGOs often face when adopting AI and making informed decisions.
The overall goal for the toolkit is to help transform data into a powerful asset for organizations, the environment, and societies across the South Pacific.
What’s the Problem?
Help Small to Big Things with Data
In today's digital age, data is the key to innovation and growth.
However, many small organisations face similar challenges collectively known as the "data dilemma." where the struggle with adopting AI and making informed decisions due to a lack of high-quality data.
The overall goal for the toolkit is to help transform data into a powerful asset for organizations, the environment, and societies across the South Pacific.
Data Dilemma Challenges:
Resource Constraints: Limited budgets restrict investment in modern data analytics tools and hiring specialised teams, impacting your ability to make data-driven decisions.
Data Quality Issues: Inconsistent or biased data can lead to unreliable insights, poor AI performance, and flawed decision-making across your organisation.
Volume and Diversity: Operating in niche markets often means you have insufficient data volume and diversity, making it challenging to train effective AI models. This results in biased outcomes and missed opportunities for innovation and growth.
The Project
Reseach Based
From the extensive research and industry engagement over the past 3 years, we are developing the Data Value Toolkit to:
Capacity Building Initiatives: Provide online training and curriculum development for smaller organisations on best practices in data-driven innovation and governance, tailored to their specific needs and local contexts.
Research Collaboration: Facilitate collaborative projects between industry and students to explore innovative uses of data to drive innovation and growth for regional economies.
Practitioner Community: Develop a community of professions trained and certified in the implementation of the Data Value Toolkit for their clients
From Zero to Hero
The online training and curriculum will address addresses the challenges small businesses face in leveraging data for decision-making, and emphasizes the importance of good business governance and the ethical data use to drive innovation and productivity.
Participants learn how to effectively integrate AI & Data into their decision-making processes, enhancing their business operations, strategic planning and service delivery. Planned Topics include:
Apply governance principles and effective data use in daily business activities.
Understand the Value of Data as an Intangible Asset
Upskilling on the Ethical use of data in both for-profit and not-for-profit contexts
Recognize the value of data-informed decisions in enhancing business performance.
Understanding on how to bridge the gap between decision-makers and technical data experts.
The role of data in the design, management and delivery of small services focus firms.
Data Value Toolkit News
Partners
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Malcolm Fraser
Lead Researcher and Program Lead
The Data Collaborative