Information Systems Students Attend the Data Transparency Conference
On September 10, two Information Systems students, Alex Danner and Emily Davis, accompanied Dr. Kathie Wright to the Data Transparency Conference in Washington, D.C. The Data Transparency Coalition, whose agenda is to pass the DATA (Digital Accountability and Transparency) Act, hosted the conference. If passed, the DATA Act will require all federal agencies to track and report spending in a single, consistent electronic format.
Currently, government agencies are reporting data using many different formats in many different places, and those data sets are incompatible with each other and cannot be compared. A single reporting standard will make government more efficient, save a significant amount of money and let taxpayers see where their money is going. eXtensible Business Reporting Language (XBRL) will very likely be that standard format. XBRL enables efficient handling of business data by computer software. It will help businesses interact with the government more efficiently by making things like regulations more easily searchable and easier to comply with. Job creation is the key to stabilizing the economy due to the recession we are currently experiencing in the United States, and the DATA Act will certainly contribute to economic recovery. According to keynote speaker U.S. Deputy Chief Technology Officer Nick Sinai, â€œLooking out five-to-ten years, I think we will see not just new companies but whole new industries created from open data.â€
* * *