Cross blog post by Mark Doms, Under Secretary for Economic Affairs
Government data helps drive our economy and will increasingly become more important in the future. Thursday, I had the opportunity to speak on this topic at a congressional briefing hosted by U.S. Senator Mark Warner (D-VA), Chairman of the Budget Committee’s Government Performance Task Force, and the Center for Data Innovation. Panelists included Daniel Castro, Director of the Center for Data Innovation, Kathleen Phillips, COO for Zillow, Tom Schenk, Chief Data Officer for the City of Chicago, and Steven Adler, IBM’s Chief Information Strategist.
We explored how government data is the foundation of the ongoing data revolution, fostering innovation, creating jobs and driving better decision-making in both the private and public sectors. The federal government is, and will continue to be, the only provider of credible, comprehensive, and consistent data on our people, economy, and climate. We also pointed to the findings in our recently released report,“Fostering Innovation, Creating Jobs, Driving Better Decisions: The Value of Government Data,” which found that billions in economic output and trillions in resource decisions are driven by federal data.
Daniel Castro, Director of the Center for Data Innovation, urged attendees to make sure Congress continues to invest in our data infrastructure. He highlighted the value of open data, ensuring that data flows more seamlessly between the public and private sectors. Castro also focused on the need to consider new ways to enable cooperation between government and industry to maximize the benefits of big data to the greatest number in society.
Zillow’s Chief Operating Officer Kathleen Phillips discussed how her company uses a wide variety of federal and local data to better connect buyers and sellers in the real estate marketplace. Zillow provides critical information in an easy to digest mapping format for over 50 million properties around the country. Their Zillow Home Value Forecast, fed in part by federal datasets, also predicts local home values. Zillow uses data from the Census Bureau, the Bureau of Labor Statistics, the Bureau of Economic Analysis, the Federal Housing Finance Agency and other federal sources to provide a real time evaluation of local real estate markets.