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From the Blogosphere Government IT Expo: eGov and Open Standards
There is currently little or no uniformity across government agencies for reporting granular federal financial data
By: Diane Mueller
Jun. 19, 2009 02:00 PM
When President Obama appointed his new federal CIO, Vivek Kundra, last week, Kundra announced ambitious plans to "democratize" federal government data by making it accessible in open formats and in data feeds. His plan calls for the creation of a single point of access to all public federal information. The idea is to enable the data to be accessed by developers whose applications will open up federal data to the sunlight of millions of citizens by encouraging them to scrutinize how the Recovery Act's dollars will be spent.
Federal agencies are now banding together to plan for how they are going to provide this information in an open, standardized manner that enables citizens to efficiently and accurately mine data, make comparisons, and perform analytics across all government sectors. All this accessible data sounds well and good until you start looking at it from a developer's point of view - there is currently little or no uniformity across government agencies for reporting granular federal financial data. With billions of dollars being funneled in grants, loans, and loan guarantees, there needs to be a standard ‘open' format and shared re-usable taxonomy for both applications and reporting.
What Can We Anticipate from Kundra? One can only hope that one of Kundra's first recommendations includes leveraging what has become the de facto global financial reporting open standard - XBRL - to tag and track the billions of Recovery Act dollars. The Obama Administration has committed to enabling an unprecedented level of transparency and accountability so Americans know where their tax dollars are going and how they are being spent. Kundra will have to look no further than to the U.S. SEC's use of RSS feeds and FTP sites to post the recent filings as XBRL. The SEC's bold move enabled developers to build applications to consume and analyze the data in almost real-time with levels of data accuracy and granularity that could never before be achieved with screen-scraping from untagged data or PDF formats. Previously, the information was only available in normalized data feeds from pay-per-view data aggregators. In another encouraging example and move towards transparency from China, the Shenzhen Stock Exchange (SZSE) recently announced that it has rolled out a platform enabling the download of listed companies' information tagged with XBRL. As the global financial community moves to free up data in a more accessible manner, the time is now for the U.S. federal government to take similar actions. It remains to be seen if XBRL will be adopted to track the disbursement and use of the Troubled Asset Relief Program (TARP) funds, enabling more effective regulation and providing investors consistent, comparable reporting on the existing pool of securitized assets. Hopefully, Kundra will be listening when XBRL-US presents its report to the Domestic Policy Subcommittee of the Oversight and Government Reform Committee in a hearing today in the U.S. Congress on "Assessing Treasury's Efforts at Preventing Waste and Abuse of TARP Funds." Yet another opportunity to leverage open standards to aid in federal transparency efforts. In a recent memorandum, the Office of Management and Budget's (OMB) Director, Peter Orszag, describes a planned May 5th launch of a series of Award Transaction Data Feeds. All federal agencies will now be required to provide all Recovery Act assistance transactions in the standard format currently provided to USASpending.gov. In the memo, Orszag placed a high priority on delivering an "accurate display" of information related to the Recovery Act on Recovery.gov. Federal agencies are now scrambling to ensure they comply and that all reporting related to Recovery Act funding is complete and accurate. It's not a "window to the federal data" that will allow developers to leverage and create valuable applications, but rather access to the raw data itself, preferably with open standards-based tags from a shared common federal taxonomy of terms. We're tired of screen-scrapping and trying to data map disparate data sources across federal government agencies. Hopefully federal agencies like the OMB will listen to Kundra and take a page from Facebook and the iPhone and create an open standards-based platform. Then, the application developers will come in droves. Building an app is easy when you don't have to worry about shifting data sources, proprietary platforms, and an ever-changing myriad of web services. Latest Cloud Developer Stories
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