Author Archive
The Data Coalition’s Board of Directors announce that Hudson Hollister has decided to depart from his role as Executive Director of the Data Coalition effective October 1, 2018, and that a search process has started to replace him.
The transparency of IT spending will improve greatly when TBM is implemented across the federal government. Standardization of IT data will encourage organizations to benchmark their spending compared to other federal organizations and even commercial ones.
The DATA Act was a significant piece of legislation that required the federal government to adopt a single data structure for spending information along with a goal of bringing together all spending information whether it be contract, loans or grants into one unified data set that would be easily searchable by the public.
We now have a full year’s worth of standardized spending data under the DATA Act of 2014. This has quietly been the largest federal financial data effort since the implementation of the CFO Act of 1990.
A more efficient, 21st Century approach is to retain all the data in “machine-readable form” rather than converting it into and the back out of a print format. The primary technology that enables the transfer of financial data from statement filers to users is eXtensible Business Reporting Language (XBRL).
The inaugural RegTech Data Summit’s thesis was that regulatory rules, technology, and data must be modernized in a coordinated fashion. If all three areas are modernized in tandem, new RegTech solutions will flourish, reducing reporting duplication, minimizing reporting errors, and enabling automation.
Progress in RegTech has been seen in the private sector as access to quality data improve. This progress has not been mirrored in the private sector here in the United States, but the potential to improve government efficiency is not far off.
What a year it’s been so far! The Data Coalition is leading the push for the policy changes that are needed to transform government information into open data. The first half of 2017 has been jam-packed with policy and event milestones. And we’re continuing to grow our community.
Our DATA Act Summit happened on Thursday, June 29th. This event may be our fourth annual, but it will be different. For the first time in history, the U.S. government has published a single open data set covering all its spending. This data set is changing the way the federal government manages itself. It will be the centerpiece of our event.
Watch Rep. Jim Jordan (OH-4) and Matt Lira, Special Assistant to the President for Innovation Policy and Initiatives discuss the DATA Act. The keynote addresses will be followed by a panel discussion.