Feb 28 2017

How Feds Can Save $1 Trillion on IT

Agencies can meet their missions more efficiently by implementing modern and interconnected processes and systems, a report from the Technology CEO Council argues.

Government could save as much as $1 trillion over the next decade by taking advantage of IT innovation, according to a new report from the Technology CEO Council. The group includes the chiefs of IT companies such as Dell, IBM and Oracle. Their suggested ideas and the savings they can generate include:

$500 billion: Improve supply chain and acquisition through advanced analytics and commercially proven process improvements

$270 billion: Effectively mine available data and use that information to identify and stop fraud and improper payments

$205 billion: Use Big Data and analytics to build on the efforts of the GPRA Modernization Act of 2010 for budgeting

$110 billion: Invest in modern IT systems rather than legacy technology