“Recognizing Data as a strategic asset, we have undertaken this journey to monetize the Data.” “In this era of rapid Technological advancement and digital transformation, data has become the life blood of progress and information.” These were the sentiments shared by the Internal Revenue Commissioner Sam Koim during the launch of the organizations Data Management strategy 2023-2027 on how much Data plays in their line of duty. Koim said that it holds the key to unlocking insights, driving decision-making, and fueling economic growth. “Recognizing the immense potential that data holds, we have embarked on a bold mission to harness its power and revolutionize our tax administration practices.” He added that the use of big data and data analytics has revolutionized the operations of tax administrations around the world, leading to significant improvements in tax revenue collection and overall effectiveness. “Today, we have heard about the Australian Tax Office (ATO) experience from Deputy Commissioner Marek Rucinski. ATO has 95% of its tax returns pre-filled using data analytics.” Learning from these experiences, the IRC have moved to establish a new Tax Intelligence Division and are recruiting experienced and fresh talents to be part of their data analytics team. This comprehensive strategy encompasses the entire data lifecycle, from collection to analysis and utilization, with their initiatives intricately linked to the IRC’s Strategic Pillar of Digital Transformation. The IRC is taking measured steps to build a digital eco system with interoperable capabilities to ensure that data is transmitted and analyzed seamlessly. Benefits of Data other than raising tax revenues include: 1. Data-Driven Decision Making 2. Improving Taxpayer Services 3. Improve Collaboration and Action 4. Efficient Government