Social assistance
providers are increasingly using a data-driven
approach such as big data and predictive analytics to gather deep insights of
foster kids and kids from low-income
group sections. Predictive analytics involves the use of data, statistical
algorithms and machine learning techniques to identify the likelihood of future
outcomes based on historical data. Big data analytics involves extracting
hidden patterns and useful information from a large set of data. These
techniques help in reporting, detecting, or correcting a non-compliance while
monitoring target population.
THE
BUSINESS RESEARCH COMPANY EXPECTS THE SOCIAL ASSISTANCE MARKET TO GROW TO $1.5+ TRILLION BY
2021.
Asia Pacific was the largest region in the social
assistance market in 2017, accounting for two-fifth of the market share. This
was mainly due to the large size of the region’s population and economy, and
the presence of a large number of community service establishments and child
day care centers catering to a large
customer base in countries such as China, India, Japan, Thailand, Vietnam, Myanmar,
and other Asian countries.
Read report: https://www.thebusinessresearchcompany.com/report/social-assistance-global-market-report-2018
According to The Business Research Company’s
Consultant, Nitin Gianchandani, food banks are
becoming popular and are adopting technologies and exploring alternatives to
distribute food to people in temporary shelters, community centers and other low-income group locations. Food banks are non-profit organizations
that collect, store, and distribute food to those in need. Many food banks now
have mobile food pantries or food trucks to deliver refrigerated and dry foods
directly to people in schools and low-income and senior housing facilities. For
instance, the digital ordering system at a mobile food pantry in Philadelphia
allows recipients to choose items using a mouse or touchscreen. Also, Ontario
Association of Food Banks in partnership with IBM developed a new food bank
allocation system to make food distribution faster, more efficient, and more
equitable. In 2016, the number of people
using food banks in the U.K. increased by 7%, thus indicating the increasing popularity of food banks to serve low-income group population.
Bill & Melinda
Gates Foundation was the largest organization in the social assistance market
in 2017, which received a total contribution of $6.2 billion for the financial
year 2015. The Gates Foundation is a private foundation founded by Bill and
Melinda Gates in 2000. In developing countries, it focuses on improving
people’s health and eradicate hunger and
extreme poverty. In USA, it seeks to
ensure that people with very few resources
have access to the opportunities they need to succeed in school and life.
The social assistance
industry includes establishments that provide a wide range of social assistance
services to their clients. It includes child day care services, community food
housing and relief services, and individual and family services. These services
do not include residential or accommodation services, except on a short-day
basis.
Social Assistance Global Market Report 2018 is
a detailed report giving a unique insight into this market. The report is
priced at $6000 for an individual user. To use across
your office, the price is $9000 and $12000 if you wish to use across a
multinational company.
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