DATA Demonstration Day is not until Thursday, but FedScoop can already provide an inside look at some of the presentations that will take place during the May 16 event.
Held on Capitol Hill, DATA Demonstration Day convenes members of Congress, their staff and citizens for a smaller-scale trade show highlighting how technology could help identify waste if federal spending data were structured and transparent as required by the proposed Digital Accountability and Transparency Act.
The DATA Act was first introduced in 2011 and strives to enhance transparency and accountability by requiring more standardized reporting of federal spending posted to a single website. The act is expected to soon be reintroduced in both houses of Congress.
In its second year, DATA Demonstration Day is organized by the House Committee on Oversight and Government Reform. The Data Transparency Coalition hosted the inaugural demonstration day in 2012.
More than 20 technology companies — ranging from large corporations like Google to smaller startups like Poplicus — will give live presentations demonstrating how the DATA Act would allow their data search, publication and analysis tools to “open big government to big data.”
In preparing for the event, the participating tech companies have created one-pagers detailing their presentations as well as their predictions of how the DATA Act would affect agencies. FedScoop has obtained copies of those documents:
Using Michigan as a case study, Teradata will showcase how governmentwide data standards could uncover and curtail fraud. After deploying statewide identifiers for patients and recipients, alongside a Teradata enterprise data warehouse, the state has seen substantial cost-savings of $1 million a day. Teradata says the requirements under the DATA Act could help slash costs in multiple ways, including fraud detection, demand forecasting, risk assessment and audit selection.
Level One Technologies’ presentation will highlight a system that automatically extracts source data from recipients’ business and accounting software to create structured-data reports – the kind that would be mandated under the DATA Act. If the act were passed, recipient reporting would become easier and less costly, and citizens could become more involved in finding and sharing examples of dubious spending, according to predictions by Level One Technologies.
SAS, a provider of business analytics software and services, says the DATA Act will make it tougher for fraudsters to conceal false information. Identity theft will also be easier to detect, thanks to the combination of identifiers and improved verification of individuals or organizations. The act would also facilitate predictive analytics and enhance data integrity, addressing problems such as lacking or incomplete data or data in nonstructured formats.
WebFilings will model a cloud-based, collaborative tool that took off several days from the close process for companies reporting financial statements to the Securities and Exchange Commission. The DATA Act would require greater transparency and accountability in federal procurement and assistance reporting. If these changes occur, the cloud-based tool would enable grantees and contractors to prepare reports to the federal agencies cost eﬀectively with more accuracy, according to WebFilings.
Oversight Systems will highlight that the largest roadblock to the oversight of federal assistance and procurement is the challenge of gathering grant and contract data from disparate sources. It is a problem the DATA Act would address, the company says. By mandating consistent data identifiers and formats for filings by federal grantees and contractors, agencies and inspector generals would gain better insight into the most troublesome areas of federal improper payments, including grants and entitlement programs.