Final Data Breakfast of 2014: Federal CFOs Take on the DATA Act Transformation
It was standing room only on Monday for the final installment of this year’s Data Transparency Breakfast series, presented by PwC, exploring the impact of the Digital Accountability and Transparency Act (DATA Act) and similar reforms across government.
For the first time, we were joined by the federal financial officers who will be responsible, under the DATA Act, for applying government-wide data standards to make federal spending information fully searchable, interoperable, and open to all. Our panel—Dorrice Roth, Deputy CFO, Treasury; Sheila Conley, Deputy CFO, HHS; Mark Reger, Deputy Controller, OMB; and Stacy Marcott, Deputy CFO, DHS—explored the challenges and opportunities of this transformation.
The hour-long panel session was packed with insight—perspectives on how the DATA Act will benefit agencies’ internal management, what the current focus of implementation should be, deadline concerns, new business opportunities for the private sector, and more. We’ve outlined our key takeaways below – and you can check Twitter for the play-by-play
Government-wide data standards for federal spending should allow agencies to improve internal management—without forcing them to redesign or replace their systems.
OMB’s Reger put it this way: "We’ve got to use data as a management tool and we've got to make the data we're collecting valuable to the people who collect the data. The DATA Act is a new orientation for federal government management." Each federal financial manager represented had a unique take on how standardized data would help their agency better manage itself.
To read the rest of the recap, go to the DTC blog