The document discusses the concept of "Democratizing Data" which involves making data accessible, structured, and syndicated so it can be used by various applications and devices. This approach integrates transparency with efficiency, streamlined reporting, "smart regulation", and crowdsourcing. Democratizing data provides benefits like more informed policymaking, consensus building, better legislation, transparency, and lower costs. It also allows citizens to become "co-creators" by developing applications using open government data. The document advocates switching to a more data-centric approach across government and private organizations.