Bipartisan legislation directs government agencies to improve spending transparency by publishing financial data in standardized, machine-readable formats.
said the legislation will go a long way toward making government more transparent and efficient.
"The DATA Act takes a structured data model that has delivered unprecedented accountability in stimulus expenditures and applies it across all domains of federal spending," said Hudson Hollister, executive director of the Washington-based Data Transparency Coalition. "The DATA Act will turn federal spending information into open spending data -- a valuable new public resource that strengthens democratic accountability and spurs innovation."
Matthew Rizai, CEO and managing director of financial reporting software company WebFilings of Ames, Iowa, notes that the DATA Act reflects a trend by governments to embrace structured, machine-readable data formats in place of documents for regulatory reporting. "The move to reporting data instead of filing documents has made it possible to achieve efficiencies by automating compliance reporting," Rizai said in a statement from the Data Transparency Coalition.
Government-wide data standards will spur federal agencies to deploy analytics that can pinpoint waste and fraud, said Bob Fair, executive VP of enterprise analytic technology provider Teradata. "The DATA Act's mandate will speed a long-overdue transformation from disconnected documents into open, useful data -- a transformation that will help the federal government better serve taxpayers," said Fair. "And we know this based on our experience helping large organizations across industries, including state and federal agencies, transform their organizations to improve efficiencies."
The DATA Act tasks the Secretary of the Treasury and the director of the White House's Office and Management and Budget with establishing the government-wide financial-data standards necessary to achieve the legislation's goals and objectives. The Data Transparency Coalition, in a statement applauding the bill's passage in the Senate, said that its one major objection to the final compromise bill involves the decision to give OMB joint control to develop government-wide data standards with the Treasury Department. The joint arrangement could make it harder to reach agreement on certain standards, especially after OMB attempted unsuccessfully to reduce some of the bill's authority earlier this year. Nevertheless, the final bill retains the coalition's key goals, the group said.
To ensure agencies comply with the legislative mandates, the bill empowers agency inspectors general and the Government Accountability Office to hold agencies accountable for completeness, timeliness, quality, and accuracy of the data they submit to USASpending.gov.
In addition to Sens. Warner and Portman, Reps. Darrell Issa (R-CA) and Elijah Cummings (D-MD), Senate Homeland Security and Government Affairs Committee chairman Tom Carper (D-DE), and ranking member Tom Coburn (R-OK) also helped negotiate the bill's final language.
Our InformationWeek Elite 100 issue -- our 26th ranking of technology innovators -- shines a spotlight on businesses that are succeeding because of their digital strategies. We take a close at look at the top five companies in this year's ranking and the eight winners of our Business Innovation awards, and offer 20 great ideas that you can use in your company. We also provide a ranked list of our Elite 100 innovators. Read our InformationWeek Elite 100 issue today.
William Welsh is a contributing writer to InformationWeek Government. He has covered the government IT market since 2000 for publications such as Washington Technology and Defense Systems. View Full Bio
Time to Reconsider Enterprise Email StrategyCost, time, and risk. It's the demand trifecta vying for the attention of both technology professionals and attorneys charged with balancing the expectations of their clients and business units with the hard reality of the current financial and regulatory climate. Sometimes, organizations assume high levels of risk as a result of their inability to meet the costs involved in data protection. In other instances, it's time that's of the essence, as with a data breach.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.
InformationWeek Tech Digest August 03, 2015The networking industry agrees that software-defined networking is the way of the future. So where are all the deployments? We take a look at where SDN is being deployed and what's getting in the way of deployments.