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Authentic and Reliable Data in the Service of National Public Data Asset

Pálmai, Gergely, Csernyák, Szabolcs and Erdélyi, Zoltán (2021) Authentic and Reliable Data in the Service of National Public Data Asset. Public Finance Quarterly = Pénzügyi Szemle, 66 (S1). pp. 52-67. DOI https://doi.org/10.35551/PFQ_2021_s_1_3

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Official URL: https://doi.org/10.35551/PFQ_2021_s_1_3


Abstract

The analysis focused on how efficient management of the national data asset is supported by the Hungarian regulatory framework concerning the use of public information, and whether public data constituting part of the national data asset can be deemed authentic and reliable to support the efforts for the digitalisation and artificial intelligence-based developments of the public sector. The analysis shows why the availability of authentic and reliable data in terms of the national data asset has outstanding significance. In support of this assertion, it presents the different levels of data asset use, the role of using artificial intelligence in the public sector, and the significance, risks and challenges of the authenticity and reliability of public data, from both a data protection and a public finance aspect. Inaccuracy, unreliability of input data predestines the generation of incorrect result products (conclusion, decision), even if the appropriate algorithm is used, which could lead to direct financial loss, for both the citizens and the state. The authors of the analysis therefore suggest that a paradigm shift is necessary in the strategies targeting the efficient use of the public sector’s data, with the necessity to record the fundamental precondition that the national data asset must be based on reliable and authentic data.

Item Type:Article
Uncontrolled Keywords:public sector, digitalisation, artificial intelligence, national data asset, efficient management, reliable and authentic data
JEL classification:D73 - Bureaucracy; Administrative Processes in Public Organizations; Corruption
D80 - Information, Knowledge, and Uncertainty: General
D81 - Information, Knowledge, and Uncertainty: Criteria for Decision-Making under Risk and Uncertainty
D89 - Information, Knowledge, and Uncertainty: Other
H41 - Public Goods
H76 - State and Local Government: Other Expenditure Categories
H89 - Public Economics: Miscellaneous Issues: Other
L51 - Economics of Regulation
O33 - Technological Change: Choices and Consequences; Diffusion Processes
O38 - Technological Change: Government Policy
Subjects:Finance
DOI:https://doi.org/10.35551/PFQ_2021_s_1_3
ID Code:8635
Deposited By: Alexa Horváth
Deposited On:11 Sep 2023 12:17
Last Modified:11 Sep 2023 12:17

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