Data is the new oil.
DJ Patil, the first Chief Data Scientist of the United States, says that integrating data into government “enable[s] transparency — you create efficiency, you provide security, you use it to foster innovation.” Integrating data analysis into your operations can significantly reduce costs and improve efficiency without increasing your operating budget. California reduced its fleet by 15 percent once the state released its budget data on vehicle spending. The Center for Medicare and Medicaid Services’ “Big Data” tools have saved the government over $1.5 billion through fraud prevention and identifying waste and abuse. But these reductions in cost and improvements in efficiency can only occur when data is leveraged regularly to provide insights.