The short- and long-term benefits of the Exchange Network are described in a presentation given at the Spring 2003 Network Knowledge Meetings. The benefits are summarized here:
| Allows access to more current information |
| Sets the stage for the broader exchange of information to include non-regulatory partners |
| Provides for more timely, reliable, standardized and consistent data exchanges between Partners |
| Provides an opportunity to reduce current reporting burden |
| Enhances potential for data integration |
| Gives agencies more control over their own data, and ability to tailor other’s data to their use. |
| Trading Partners select and maintain their own web service infrastructure |