US: CP 2." src="https://present5.com/presentation/025a8b43ede3f6d4b0bf321d1e07edfb/image-10.jpg" alt="Gory details: an RSS-CB datum <item rdf: about="http: //www. federalreserve. gov/releases/CP#1"> <title>US: CP 2." /></div>
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<div style="width: auto;" class="description columns twelve"><p><img class="imgdescription" title="Snippets of Data at a Glance: Using RSS to deliver statistics San Cannon Federal" src="https://present5.com/presentation/025a8b43ede3f6d4b0bf321d1e07edfb/image-1.jpg" alt="Snippets of Data at a Glance: Using RSS to deliver statistics San Cannon Federal" />
Snippets of Data at a Glance: Using RSS to deliver statistics San Cannon Federal Reserve Board UNECE Work Session on Statistical Dissemination and Communication 13 May 2008 UNECE DISSCOMM 13 May 2008 </p>
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<div style="width: auto;" class="description columns twelve"><p><img class="imgdescription" title="Data are everywhere! • This information explosion has made it more challenging for data" src="https://present5.com/presentation/025a8b43ede3f6d4b0bf321d1e07edfb/image-2.jpg" alt="Data are everywhere! • This information explosion has made it more challenging for data" />
Data are everywhere! • This information explosion has made it more challenging for data providers to disseminate their information in a “useful” way. • This is partly because what is “useful” has changed drastically – printed compendia of data observations are no longer sufficient. • Even electronic distribution channels are undergoing changes. UNECE DISSCOMM 13 May 2008 </p>
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<div style="width: auto;" class="description columns twelve"><p><img class="imgdescription" title="Changing world: pull vs. push • The proliferation of gadgets that deliver information means" src="https://present5.com/presentation/025a8b43ede3f6d4b0bf321d1e07edfb/image-3.jpg" alt="Changing world: pull vs. push • The proliferation of gadgets that deliver information means" />
Changing world: pull vs. push • The proliferation of gadgets that deliver information means typical delivery methods are no longer sufficient. • Users want their content delivered to them rather than having to go get it. • Question: how to provide information to people when they want it? UNECE DISSCOMM 13 May 2008 </p>
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<div style="width: auto;" class="description columns twelve"><p><img class="imgdescription" title="Data aren’t just for people • It’s no longer the case that a human" src="https://present5.com/presentation/025a8b43ede3f6d4b0bf321d1e07edfb/image-4.jpg" alt="Data aren’t just for people • It’s no longer the case that a human" />
Data aren’t just for people • It’s no longer the case that a human is sitting at a computer looking at your website to get information. • Many “customers” of our data products are automated processes that “scrape” the pages to repackage the information. • Such repurposing means that data providers have no control over the information, how it is used, or how it is presented. UNECE DISSCOMM 13 May 2008 </p>
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<div style="width: auto;" class="description columns twelve"><p><img class="imgdescription" title="How can RSS help? • Really Simple Syndication (or Rich Site Summary) is XML" src="https://present5.com/presentation/025a8b43ede3f6d4b0bf321d1e07edfb/image-5.jpg" alt="How can RSS help? • Really Simple Syndication (or Rich Site Summary) is XML" />
How can RSS help? • Really Simple Syndication (or Rich Site Summary) is XML that allows users to subscribe and then view the information when and where they like. • This mechanism provides an on-demand delivery method: information is available immediately but users can access it at their convenience. • It doesn’t do much to address the content control issue. UNECE DISSCOMM 13 May 2008 </p>
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<div style="width: auto;" class="description columns twelve"><p><img class="imgdescription" title="Enter RSS-CB • A group of central banks began collaborating in 2005 on common" src="https://present5.com/presentation/025a8b43ede3f6d4b0bf321d1e07edfb/image-6.jpg" alt="Enter RSS-CB • A group of central banks began collaborating in 2005 on common" />
Enter RSS-CB • A group of central banks began collaborating in 2005 on common XML representations of central bank information. (Then mostly SDMX. ) • We have expanded the scope and have created a technical specification for publishing central bank information in XML via RSS feeds. UNECE DISSCOMM 13 May 2008 </p>
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<div style="width: auto;" class="description columns twelve"><p><img class="imgdescription" title="Why bother writing a spec? • We wanted to address the two sets of" src="https://present5.com/presentation/025a8b43ede3f6d4b0bf321d1e07edfb/image-7.jpg" alt="Why bother writing a spec? • We wanted to address the two sets of" />
Why bother writing a spec? • We wanted to address the two sets of consumers in a way that basic RSS feeds don’t. • We have created specific metadata fields to clearly define the purpose of the information. • By providing structured information, we reduce the cost of using the information correctly thereby making it more likely that third party sites will “get it right. ” UNECE DISSCOMM 13 May 2008 </p>
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<div style="width: auto;" class="description columns twelve"><p><img class="imgdescription" title="Relevance to data? • RSS provides timely access to information. • For many central" src="https://present5.com/presentation/025a8b43ede3f6d4b0bf321d1e07edfb/image-8.jpg" alt="Relevance to data? • RSS provides timely access to information. • For many central" />
Relevance to data? • RSS provides timely access to information. • For many central bank statistics, getting the information right away is important. • Why not publish statistics as RSS feeds? This would provide immediate access to important information without downloading data files, opening PDFs, or using a browser. UNECE DISSCOMM 13 May 2008 </p>
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<div style="width: auto;" class="description columns twelve"><p><img class="imgdescription" title="Voila! RSS-CB for data • Allows simple access to a single observation (e. g." src="https://present5.com/presentation/025a8b43ede3f6d4b0bf321d1e07edfb/image-9.jpg" alt="Voila! RSS-CB for data • Allows simple access to a single observation (e. g." />
Voila! RSS-CB for data • Allows simple access to a single observation (e. g. FX rates, CP rates, etc. ) • Provides timely delivery without the burden of screen scraping or application development. • Novelty: Feeds violate the general principle that “more data are better” UNECE DISSCOMM 13 May 2008 </p>
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<div style="width: auto;" class="description columns twelve"><p><img class="imgdescription" title="Gory details: an RSS-CB datum <item rdf: about="http: //www. federalreserve. gov/releases/CP#1"> <title>US: CP 2." src="https://present5.com/presentation/025a8b43ede3f6d4b0bf321d1e07edfb/image-10.jpg" alt="Gory details: an RSS-CB datum <item rdf: about="http: //www. federalreserve. gov/releases/CP#1"> <title>US: CP 2." />
Gory details: an RSS-CB datum <item rdf: about="http: //www. federalreserve. gov/releases/CP#1"> <title>US: CP 2. 01 2008 -05 -05 FRB Overnight AA nonfinancial commercial paper rate http: //www. federalreserve. gov/releases/CP#1 Overnight AA nonfinancial commercial paper rate2008 -05 -05 T 12: 00 -05: 00enUSFRB2. 01Overnight AA nonfinancial commercial paper rateCP2008 -0505 T 12: 0005: 00 DISSCOMM UNECE 13 May 2008
Actual data feeds in RSS-CB • • Bank of Canada European Central Bank of Finland Bank Negara Malaysia Banco de Mexico Federal Reserve Board New York Fed UNECE DISSCOMM 13 May 2008
But we’re not done yet: • Work continues on the specification: http: //www. cbwiki. net • The Board is increasing its RSS offerings this fall. • Questions? Comments? Thanks for listening. San Cannon scannon@frb. gov (202) 452 -3710 UNECE DISSCOMM 13 May 2008
Actual data feeds in RSS-CB • • Bank of Canada European Central Bank of Finland Bank Negara Malaysia Banco de Mexico Federal Reserve Board New York Fed UNECE DISSCOMM 13 May 2008 
But we’re not done yet: • Work continues on the specification: http: //www. cbwiki. net • The Board is increasing its RSS offerings this fall. • Questions? Comments? Thanks for listening. San Cannon scannon@frb. gov (202) 452 -3710 UNECE DISSCOMM 13 May 2008