Interactive data is data that has been digitally ‘tagged’, giving it a structure and context, much like a bar code defines the attributes of a specific product. Digital ‘tags’ enable data to be shared without the need for integrated systems. It doesn’t change the data; it simply adds structure, so a variety of users can use it to meet their own information needs. Interactive data makes it easier and cheaper to use data for whatever the need.
Federal, state and local governments spend a lot of time and money integrating financial and performance systems to help make decisions and improve accountability. However, data today is largely in incompatible formats, in various applications and databases not standard or easily consumed. Governments need steps like data feeds, spreadsheets, dual entry, manual analysis and paper report assembly to make use of the data.