1. Future of Financial Management Transparency and Intelligent DataTM
Marcel Jemio
Acting Director, Division of Enterprise Architecture,
Bureau of the Fiscal Service
Marisa Schmader
Program Manager, Treasury Data Initiative,

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Agenda
Current State
Treasury Broad Vision
Vision Specific to Transparency & Intelligent DataTM
Next Steps
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3. Transparency Necessary but not New….
"We might hope to see the finances of the Union as clear and intelligible as a merchant's books, so that every member of Congress and every man of any mind in the Union should be able to comprehend them, to investigate abuses, and consequently to control them.”
--Thomas Jefferson, 1802
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4. Current State of Transparency
Challenges/Opportunities
Spending data on USAspending.gov does not reconcile to agency reported financial data, so data quality is questioned
Standards do not exist in all cases & guidance is not consistently applied
Usability, look and feel of the USAspending.gov website is not optimal
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Treasury Broad Vision
Provide reliable, timely, and secure Intelligent DataTM for the purpose of promoting transparency, facilitating better decision making, and improving operational efficiency
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6. Treasury Vision and Transparency
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Transparency – Why Now?
The Department of Treasury will assume responsibility for operating and improving USASpending.gov, as outlined in the Budget of the United States Government for Fiscal Year 2014.
Opportunity to leverage Treasury's role as the authoritative source of government-wide financial information in order to provide the public with the highest quality and most complete information.
Attention from Congress, GAO, special interest groups, and the public
Newly proposed legislative requirements, i.e. the Digital Accountability and Transparency Act (DATA Act)
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8. Purpose of Proposed DATA Act
To expand the Federal Funding Accountability and Transparency Act (FFATA) of 2006
Provide open and available sources of data allowing for innovative analytics
E.g., Platform-independent computer-readable formats
Provide searchable government-wide spending data
Simplify reporting for entities receiving Federal funds
Improve quality of USAspending.gov data
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9. Proposed Treasury Solutions to Improving Transparency
CHALLENGE
SOLUTION
Source financial data from Agency financial systems of record and validate it against authoritative data.
Improve the Quality of Financial Data
Improve the Usability of the Website
Gather feedback on how to improve the website and leverage success of other federal & state websites
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10. Proposed Treasury Solutions to Improving Transparency
CHALLENGE
SOLUTION
Link expenditure and award data, provide a searchable website, improve data quality, define data standards, and provide Intelligent DataTM in open source formats that allow for innovative analysis.
Address Proposed DATA Act Requirements
Publish reports from the Payments Information Repository (PIR) as an initial step to increase transparency and awareness of Federal spending.
Leverage vast amounts of financial information at the Fiscal Service, follow open data policies, and utilize open source technology.
Support Current & Potential Future Transparency Needs
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11. Treasury Data Approach Illustration
AWARD ID
Financial Systems
Subsidiary Systems
Financial Data
TAS
USSGL (i.e., Obligations & Outlays)
Award ID
Object Class Code
Sub-Object Class Code, etc.
Non-Financial Data
Award
Location
Contract Start/End
Contract Type
Award ID
Contract Value, etc.
Transparency Information
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12. Treasury Vision and Intelligent DataTM
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13. Example of Intelligent DataTM
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14. Example of Intelligent DataTM
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15. Example of Intelligent DataTM
Founded "Total Quality Management"
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Value of the Barcode
Improves internal operations (i.e. operational analytics)
Ranging from pricing to checkout scanning to inventory and assortment management
Automatic transmission of POS data
Has been instrumental in reducing inventory, shortening lead times, and increasing profitability.
Low cost of data collection as compared to Radio Frequency Identification (RFID)
Extensible with mobile technology
Anything with a barcode can now be "scanned" using smartphones
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17. Lessons from the Barcode
Standardizing the data spurred innovation
One standard mapped a million ways across many languages
Systems were built around the data, not the other way around
Open industry standard, not proprietary
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18. Background
Constant translation is necessary to understand both content and context
Content and context are communicated through a single common language
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19. Intelligent DataTM is…..
Content + Context + Quality
Value of a data element plus what the value means in context
Single definition for identification
An "apple" is an "apple"
Interoperability
Alignment with global industry standard
Integrated data and business rules logic
Holistic view of the data, not the system
Enables good, quality data to be pervasive throughout the information supply chain
“Common Language Open Standard"
Just like the barcode example, this is high value because it ensures the data is interoperable, interconnected, and in alignment with global industry standards.
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20. Intelligent DataTM Shift
Shift Thinking From…
Proprietary to Open
Complex to Simple
High Cost to Low Cost
System Focus to Data Focus
Disconnected to Interconnected
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21. LEAD. TRANSFORM. DELIVER
Next Steps
Transparency & Intelligent DataTM
Complete a feasibility study on the Treasury Data Approach focusing on Shared Service Providers (SSPs)
Create an open forum comprised of cross agency and industry participants who will focus on developing metadata standards in-line with industry standards to provide open, available, and Intelligent Data sources.
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22. LEAD. TRANSFORM. DELIVER
THANK YOU
Contacts:
Marcel Jemio
Marisa Schmader
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