A new 50-page report, released by leading global provider Deltek, looking particularly at information technology in identifying Waste, Fraud, and Abuse (WFA) in federal spending. The “Technology Strategies for Federal Waste, Fraud, and Abuse” report analyzes the government’s progress in cutting WFA, maps out its ongoing needs, and also explains how IT contractors can meet such needs.
Though FY 2012 has seen a 6 percent decrease in improper payments, the report states agencies will continue to look at technology to reduce WFA in their operations due to a struggling economy and money which still flows into federal benefits programs (that contribute to WFA). The report also highlights an increase in federal interest in analytics and big data solutions over the next five years.
“Big data solutions can provide intelligence from unstructured data, speed for analyzing massive amounts of data, and a method for accessing and matching data currently stored in siloed systems,” said Angie Petty, Deltek analyst. “In the WFA scenario, big data solutions can help agencies root out waste in programs such as Medicare, Medicaid, and Unemployment Insurance.”
Also in high demand? Pre-screening and identity authentication, data capture and processing, examination and detection, and investigation, prosecution, and recovery.
The report also includes a list of pre-RFP opportunities from agencies like the Department of Defense (DoD), Department of Homeland Security (DHS), and Department of Health and Human Services (HHS), relating directly to the government’s efforts to reduce WFA spending. It also gives some broad contractor advice around product positioning in terms of WFA-related opportunities.
To learn more about what the report summarized, go here.
