A switch to standardized, open federal data formats could save U.S. companies roughly $10 billion in annual compliance costs, according to new research.
The Data Foundation and PwC Public Sector have co-published Standard Business Reporting: Open Data to Cut Compliance Costs, which details how Australia and the Netherlands were able to cut a combined total of roughly $832 million in costs related to regulation compliance, a number projected to increase with time. The countries accomplished this feat by replacing staid document-based regulation reporting with standardized and open data formats, a concept known as Standard Business Reporting.
In “The State of the Union of Open Data, 2016,” a paper co-authored by Grant Thornton and The Data Foundation — an open data research organization that supports standardization efforts throughout the federal government — multiple agency leaders acknowledge the value of open data, but note that the federal government is still in the early stages of capitalizing on it.
Government’s pivot toward open data can be seen with the passage of the Data Act in 2014 and the Obama administration’s focus on open government initiatives. But data standardization has not progressed at the rate necessary to take advantage of the growing amount of open data, a new report from the Data Foundation and Grant Thornton said.
Ninety percent of open data experts interviewed in a new report believe the standardization and publication of government data have improved over the last few years of the Obama administration.
The report, released jointly today by the Data Foundation, an open data research organization based in Washington, D.C., and consulting giant Grant Thornton, includes a history of U.S. open data efforts and detailed feedback from more than 40 data transparency experts within and outside government.
The open-data movement is well-intentioned but hampered by the government's reliance on antiquated platforms and the lack of accepted standards, according to a new report from the Data Foundation.
With only weeks to go in its bid to create a tech-savvy 21st century government, the Obama White House on Wednesday rolled out a retrospective of its digital efforts at government transparency. On the same day, the Obama administration’s top tech officials gathered with more than 1,100 agency staff and industry entrepreneurs at the Open Data Innovation Summit and Solutions Showcase at the Washington Convention Center.
There were no mosh pits or wailing guitar solos, but when it comes to the enthusiasm for the future of open data, Data Transparency 2016 might as well have been Woodstock. The annual conference highlighting the benefits of data sharing and analytic capability kicked off with a pep rally of sorts, led by Federal Chief Information Officer Tony Scott and U.S. Chief Technology Officer Megan Smith.
White House officials championed the Obama administration’s programs and advances in open data at the first White House Open Data Summit as a means of inspiring further open data innovations in the coming years. “We are just running as hard as we can with the baton,” said U.S. Chief Technology Officer Megan Smith. CTO.
The government has made progress in opening up its vast stores of data and getting them to flow. But, as 2017 approaches, the government still has lots of data on paper or in formats that aren't machine-readable. So the work continues. In fact, the Data Foundation holds its fourth annual Data Transparency summit this month, and the White House itself will participate.