We look forward to the new year and new opportunities for innovation and growth in the government contracting community. This past year, the public and private sectors both experienced more emphasis and demand for cybersecurity, merging technology with health care, and how to best mitigate the insider threat.
As a part of an annual series, WashingtonExec reached out to those most knowledgeable and experienced in the federal contracting space. We asked executives in and around the Beltway for insight on the direction they see in the industry. Topics discussed include M&A activity, public/private sector collaboration, cloud computing migration, the incoming millennial workforce in defense/IT/health care, talent retention and more.
Next in the series is a conversation with Moe Jafari, CEO at CorasCloud and CEO and president at HumanTouch, who discusses IT modernization and government investment in cutting-edge technology.
It will be a cold and snowy 2019. Twenty-four inches of snowfall for D.C., Punxsutawney Phil will see his shadow and end winter early for a lovely spring.
In Washington, D.C., 2019 will be a great year for M&A. Valuations and fewer LPTA contracts will accelerate the need for companies to merge. Small companies will roll up to meet the needs of the federal agency’s contract bundling.
The M&A fever will drive new industrious business to the forefront in building artificial intelligence, machine learning and big data. We will see new names and missions flourish. Cyber firms will lead in AI modeling to ensure our federal and corporate IT systems are locked down. The National Institute of Standards and Technology will advance policy efforts to keep up with AI and other evolving innovations.
Health care will take a giant leap in building upon big data to minimize fraud waste and abuse. Congress and the president will agree to change the current Affordable Care Act but leave intact the pre-existing conditions clause, thus making the way for better health care.
The Defense Department will lead the GovCon sector not only in spending but in evolution to the cloud for all business applications.
The General Services Administration’s FedRAMP will streamline the ATO process to allow all agencies to gain cloud adoption.
Fewer contracting vehicles will mean larger contracts; a major consolidation for GSA will make the IT70 schedule the prime vehicle of choice.
The Washington Capitals will win the Stanley Cup for a repeat. Go, Caps!
DC United will make the playoffs and go long into the season.
Wash Nats will make the postseason playoffs without Bryce Harper.
The Redskins and Wizards will need a lot of wishing and praying.
Business will continue to lead and innovate, working with the federal government to make it more competitive, responsive and efficient.