Data Transparency 2013 Exhibitor Spotlight: Teradata
This guest post comes from Teradata’s Bobby Caudill:
Nothing speaks louder to the value of open data than results. At Teradata, we are pleased to be associated with a range of government organizations around the globe who have embraced open data to improve the business of government. Here’s one such example. Using open data as the foundation to solve a diverse set of challenges, the State of Michigan has integrated and shared its financial data enterprise-wide, across the state, and is now recognizing a savings of $1 million a day. To frame that into something more digestible, that’s equal to $41,667 an hour or $700 a minute. If Michigan hadn’t chosen to open up its finances by adopting a state-wide recipient identifier and other data standards, these savings could never have happened.
And while the hard, quantifiable metrics of money saved is undeniably impressive, the benefits of leveraging open data and establishing data standards goes further. The lives of the citizens of Michigan are being improved in various and significant ways. Foster children are being matched with better families. Dead-beat dads have been found and single mothers are now getting the money they need to raise their children. Law enforcement has a new view into what were previously considered unconnected crimes. By connecting programs together at the data level, healthcare has improved. Families in need of assistance are getting the support they need to, not only survive, but, begin to thrive. One could easily argue that such results are even more important than the money saved.
Extrapolating from this example, consider the possibilities to improve the lives and all Americans while simultaneously saving money by leveraging data standards and integrated data for federal spending. The impact could be staggering.
- Safer communities
- Smarter decisions
- Better served citizens
- Improved fiscal performance
- Greater innovation
And, recognize this; significant gains can be realized by starting small. The State did not attempt to solve all their problems simultaneously; they increased the value of their data bystandardizing and adding additional sources incrementally over time. That is the beauty of data standards. Once established, they allow the government to continue to expand the breadth of sources, each one allowing for the even deeper insights needed to continuously improve services and increase the efficiency of government as an entity.
The federal government has yet to embrace data standards for its own spending the way Michigan did. The DATA Act would change that! At Data Transparency 2013, government speakers will explain how.
Teradata is proud to be an Executive Member of the Data Transparency Coalition and a participant in Data Transparency 2013. We will be represented at the event by Bill Franks, Teradata’s Chief Data Officer; Tim Day, Vice President of Government Affairs; and Bobby Caudill, Program Director, Government Industry. If you would like to discuss the State of Michigan story in more depth and learn of other open data successes, please stop by our exhibit. We’d be happy to share the details of how you too can make data work even better for your agency.