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In 2019, most business and government leaders understand that big data is one of their organization’s most critical assets. However, for federal agencies that lack a modern analytics initiative, the tsunami of data can be overwhelming. And as a result, many agencies find themselves drowning in information, unable to tap into the wealth of insights their data holds—actionable information that’s needed to reshape processes and make informed decisions.
Leveraging big data is a top-of-mind issue, as recent legislation mandates that agencies must be both transparent and accountable for their budgets and programs as they deliver the mission of the organization. The Digital Accountability and Transparency Act of 2014 (often known as the Data Act) requires all federal organizations to provide consistent, reliable, and searchable financial data that shows how effectively agencies are investing taxpayer dollars (via USAspending.gov).
The President’s Management Agenda cites Data Accountability and Transparency as one of three key drivers of federal government transformation. A critical component of the PMA are the Cross-Agency Priority (CAP) goals that outline how federal agencies will collaborate and cooperate on achieving the goals and objectives of the PMA. The CAP goal of leveraging data as a strategic asset and the proposed Federal Data Strategy call for improved use of data for decision-making and accountability. This strategy will lead to greater access and use of data by a variety of internal and external stakeholders—including business entities and the general public.
But what’s necessary to implement that strategy? This blog post discusses the attributes of a modern analytics platform that are essential to successful data initiatives.
Modern data analytics platforms offer newer and better capabilities that help agencies leverage all their data assets by providing:
Ultimately, a modern analytics platform allows users to:
With the promise of flexibility, access, and ease-of-use for users across all skill sets, modern analytics can help decision makers understand the performance indicators that determine mission success, using operational data to gain insights for resource allocation and program planning.
This blog post is part of a series that discusses how a modern analytics platform can help government agencies leverage their data, gain actionable insights, and drive better outcomes. Look for these upcoming posts:
Visit our Government Solutions page to learn more about how a modern data analytics platform can help federal agencies achieve mission-critical outcomes.