Data Companies’ Plan to Transform Government in 2018: Introducing our Policy Agenda


Our Data Coalition members are data companies. Their technologies are amazing.

Our members have come up with ways to deliver transparency to voters and investors and data users. Analytics to extract stunning insights from obscure data sets. Platforms to help companies and grantees fulfill compliance reports automatically, instead of with copy-paste. Pilots to bring blockchains to the bond markets.

Unfortunately, our government’s ability to use data is NOT amazing.

Too often, our government publishes its information – budgets, performance reports, prospectuses – as documents, not data. Too often, our government collects compliance reports using static forms (like PDFs) instead of standardized data formats.

That is a problem.

Until our government replaces documents with data, data companies can’t apply their transparency and cost saving solutions. They have no seat at the table to help agencies use analytics. They’re data nerds stuck in a document-driven world.

That’s where the Data Coalition comes in.

Who are we? Forty companies waging a strategic campaign to replace documents with data – open and structured.

Why are we doing it? Because we know that data is better than documents. Better for government, better for society, better for investors, better for everybody.

We’ve seen results in countries like the Netherlands, Estonia and Australia. In Australia, for instance, the Standard Business Reporting (SBR) program uses a common data format to allow small businesses to file reports with FIVE different agencies within ONE piece of software, saving the Aussie’s $1 billion AUD annually.

We’ve just released our 2018 Policy Agenda – our plan for the reforms that will turbocharge the data transformation this year.

Our plan has four parts.

First, we’ll be on Capitol Hill persuading Members of Congress to make open data the default by passing the OPEN Government Data Act.

Second, we’ll make the government manage its spending with data by finishing the job of the DATA Act, which we successfully passed in 2014. Now that every federal agency is reporting its spending using open data, it’s time for every agency, and Congress, to use that data to make decisions.

Third, we’ll convince the United States to catch up with Australia and adopt one data format for regulatory reporting,

Fourth, we’ll work with our Congressional allies to persuade them to publish  Congressional bills first as data, and the same for regulatory rules.

These four actions will jumpstart our government’s ability to use data. That means new markets for transparency solutions, a seat at the table for data companies, and better government for everyone.

Our Data Coalition members will be gathering in Washington on January 30th to introduce this plan to the Congressional leaders who’ll make it happen.

And our events this year are all focused on the Policy Agenda, starting with the RegTech Data Summit on March 7th.

Agree? Want to be there? You should become a member.

Unless the federal government junks its document-based approach for a data-centric one, there’s no market for the solutions that could bring transparency.

Without our campaign, data companies won’t be listened to.

Without our Policy Agenda, we’ll never get the efficient, transparent government that our technologies deliver and that our people deserve.

But we’ve built the Data Coalition because we know that a data-centric future is possible.

Our data companies are going to deliver solutions that connect citizens and investors to the transparency they need to make informed  choices.

Our data companies are going to be trusted partners for the analytical expertise to illuminate, and eliminate, waste and fraud from public data.

Our data companies are going to replace the entire interface between regulatOR and regulatED with automatic, real-time, seamless flows of electronic information.

In the bond markets and elsewhere, our data companies are going to replace duplicative back offices with blockchains.

See you in Washington!

 

Policy Agenda

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