The Digital Accountability and Transparency Act creates a monumental challenge for federal agencies. Government leaders, watchdog groups and citizens want to make sure tax dollars are being used in productive, efficient ways free from waste and fraud. They also want proof that publicly funded programs are performing well against stated missions and executing within budget.
The only way to know is by seeing the proof: the data itself. Government agencies can't just analyze and manage data. They must also share it in ways that are insightful and useful. The demand for government transparency and accountability is here to stay.
But open data should be viewed as an opportunity as much as a challenge — an opportunity to encourage greater citizen participation and save precious budget dollars in the process. In fact, open data could be a huge money-saver. A McKinsey and Co. study has suggested that open data could allow government agencies to recover a combined $3 trillion a year or more. But those savings won't happen automatically. Continue>>>