06 Mar The Fed CIO Agenda: Should every mortgage have a data tag?
Based on his track record, Vivek Kundra, the U.S. government’s new CIO, is sure to push Web 2.0 tools to increase transparency. But what does that really mean? One idea: Requiring mortgages to have XBRL tags that describe them, so we could search and analyze multibillion-dollar pools of mortgages at least as effectively as photos on Flickr.
The idea comes from Sanju Bansal, COO and vice chairman of MicroStrategy. Bansal knows Kundra’s thinking; he had dinner with Kundra just last Sunday in Washington, D.C., so they could chat about ways that the government could use data tagging and analysis to increase transparency. MicroStrategy makes analytical software.
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