In this era of hyper-connectivity, data is required to effectively move people and goods and open-data standards are needed to foster innovation, reduce costs, and enable interoperability. Today, the digitization of transportation and multimodal mobility is heralding a tidal wave of transformation. To ride this wave, transportation needs to embrace open data to encourage stakeholders to collaborate within an increasingly complex and competitive environment. As a member of the industry coalition authoring the Mobility Data Interoperability Principles, MobilityData will lead a discussion with public and private sector stakeholders to explain how standardized transportation data intersects and informs scalability across all transportation sectors as well as reveal transport data's role in fostering social and economic benefits related to accessibility, equity, and climate change. Hear about the U.S.DOT’s perspective on data sharing and how the Federal Transit Administration hopes to leverage open standards within the department as it implements President Biden’s expansive infrastructure funding initiative.