Here's what happened at Data Transparency 2013!
View this email in your browser

Data Transparency 2013: Real-Time Progress in Spending, Financial Reg

Treasury embraces DATA Act ... House Oversight chairman asks SEC for answers on structured-data reporting ... advocates build a policy agenda ... companies showcase business opportunities ... and open data gains ground

House Majority Leader Eric Cantor addresses Data Transparency 2013. Photo: House Majority Leader staff.

WASHINGTON, DC (September 11, 2013)--Over 450 registrants had a first-ever opportunity to glimpse the future of open data policy at Data Transparency 2013 Tuesday at the Ronald Reagan Building - and see crucial reforms happening in real time.

The U.S. government will transform its whole public information portfolio, including spending, performance metrics, compliance reports, judicial filings, and even the text of laws and regulations, from inaccessible documents into open data - structured, standardized, and freely available.

Data Transparency 2013 took several huge steps into that future.
  • Treasury Department embraces DATA Act's goals. David Lebryk, Fiscal Service Commissioner at the U.S. Department of the Treasury, announced the Fiscal Service's plan to transform federal financial reporting into standardized "Intelligent Data," matching the goals of the Digital Accountability and Transparency Act (DATA Act). The DATA Act would direct the Treasury Department to impose government-wide financial data standards and require agencies to implement them. Commissioner Lebryk's presentation is available here (PDF).
  • Congressional leaders preview action on DATA Act. Senate Homeland Security & Government Affairs Committee staff announced that Chairman Sen. Tom Carper (D-DE) and Ranking Member Sen. Tom Coburn (R-OK) intend to consider the DATA Act at the committee's next business meeting. House Majority Leader Eric Cantor (R-VA) pledged to shepherd the DATA Act to House passage.
  • House Oversight Chairman calls on SEC to fix and expand structured-data reporting. Rep. Darrell Issa (R-CA), called on the Securities and Exchange Commission to begin enforcing the quality of structured-data corporate financial statements, use the data in internal reviews, and expand the XBRL format to cover additional filings that are currently submitted as unstructured documents. Issa, Chairman of the House Committee on Oversight and Government Reform, announced he had sent a letter to the SEC requesting commitments and documents. Chairman Issa's letter is available here (PDF).
  • SEC envisions the expansion of structured-data reporting. Craig Lewis, Director of the SEC's Division of Economic and Risk Analysis, envisioned how his agency would be able to deploy analytics to detect corporate fraud if it chooses to transform more document-based corporate disclosures into open data.
  • White House: Open data will create "new industries." "Looking out five to ten years, I think we will see not just new companies but whole new industries created from open data," said U.S. Deputy Chief Technology Officer Nick Sinai, during an executive keynote address that reiterated the White House's commitment to open data. Sinai described the implementation of President Obama's Open Data Policy, which requires each executive department to inventory all data it collects and generates, apply standards, and ensure publication.
  • Advocates build the first open data policy agenda. Conference attendees representing over 30 federal agencies, 70 tech and consulting firms, and 40 nonprofits collaborated to develop policy recommendations in seven key domains: spending, management, financial regulation, general regulation, tax, legislation and the Code, and judicial. Their recommendations will inform the Data Transparency Coalition's policy agenda.
  • Exhibitors demonstrate the open data opportunity. Over 30 companies, from established leaders like Google, PwC, and RR Donnelley to hungry startups like Enigma, confirmed the White House's statement that open data creates new industries and jobs. As federal data is standardized and published, entrepreneurs find emerging opportunities in republication (Google, Enigma), Big Data analytics (Oracle, Captricity), and compliance automation (Level One Technologies, RR Donnelley, StreamLink).
  • The global movement grows. Richard Stirling of the Open Data Institute, founded last year in London by HTML inventor Sir Timothy Berners-Lee, explained the growing, worldwide demand for standardized and published government data. His slides are available here (PDF).
  • Bronner Group and FedScoop make it fun. Bronner Group and FedScoop hosted opening and closing receptions that mixed executive branch leaders, Congressional staff, venture capitalists, philanthropists, activists, and emerging open data business leaders.

Stay tuned for videos, photos, detailed reports ... and plans for Data Transparency 2014.
Partner Sponsor
Partner Sponsor
Panel Sponsor
Breakout Sponsor
Special Policy Partner
Special Policy Partner
Special Policy Partner
Special Policy Partner
Special Policy Partner
Copyright © 2013 Data Coalition, All rights reserved.

unsubscribe from this list    update subscription preferences 

Email Marketing Powered by Mailchimp