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.
As chief technology officer for the District of Columbia, Kundra raised the bar by making government data more readily accessible to its residents, leveraging pre-existing Web 2.0 technologies like Facebook and YouTube.
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?
While Kundra’s announcement caused quite a stir in the technology sector, it still remains to be seen if he will have the authority to mandate change or if he will just be a technology advisor to Obama. His role may be limited to making technology recommendations which then have to be adopted into individual agency policies instead of presenting a common technology policy for the government as a whole.
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.
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