The recent Government Accountability Office (GAO) report reveals that the US federal government can save over $100 million by cutting unnecessary IT investments. This is part of a broader estimate of $100 billion in potential savings identified through 589 recommendations, including 148 new proposals this year. Since 2011, GAO's scrutiny has led to significant financial savings totaling around $725 billion. The GAO emphasizes the need for annual reviews to address duplication and inefficiency in technology investments across federal agencies.
"If agencies could save 10 percent of duplicative IT investments they could save one hundred million dollars or more," said Lucas-Judy, who was one of the main overseers of the report.
The GAO regularly looks over the books and recommends to the Feds specific ways to optimize or save public money; since 2011, 1,460 such recommendations have led to cost savings and revenue increases that total around $725 billion.
The outstanding item in that list of 148 from a tech perspective is that potential IT savings of $100 million, which the GAO said could be realized by the White House's Office of Management and Budget and 24 federal agencies.
The aforementioned $100 billion of estimated savings could be realized if the Feds implemented 589 items proposed by the GAO, 148 of which are new this year.
Collection
[
|
...
]