Data mining by private companies could save the government billions if a proposed government transparency act is made law, according to presentations at a forum in Washington on Tuesday.
The vendors, including Microsoft, Teradata of Dayton, Ohio, SAP, the German software giant and MarkLogic of McLean, showed the types of data that they said could be mined from accurate and comprehensive records if the Senate passes the Digital Accountability and Transparency Act.
The act, proposed by Rep. Darrell Issa (R-Calif.), and passed by the House in April and now pending in the Senate would establish an independent board that would track all federal spending. The board would maintain a Web site similar to usaspending.gov, which the Sunlight Foundation says shows $1.3 trillion in spending discrepancies.
Issa and Senate co-sponsor Mark Warner (D-Va.) say the bill could prevent the waste and abuse of federal money.
-Timothy R Smith, WashingtonPost.com