Most U.S. government data agencies today do not require data standards for information reported by businesses, grantees, or state and local governments. Agencies could easily transition to data standards programs, with gains for all stakeholders:
- reporting entities would eliminate duplicate data preparation, and enjoy low costs from competitively priced preparation tools
- government agencies would experience reduced cost of data collection and would not need to provide custom analytics to data users
- data users would have access to more timely, machine-readable data and gain from reduced cost of analysis
Go to the infographic Better with Standards.