From
the summary: “Data analytics is a powerful tool that can help government
agencies reduce fraud, waste and abuse. The commercial sector has used data
analytics for years to improve decision making, achieve better financial
outcomes and improve customer service. The use of data analytics is growing at
a rapid rate. The International Data Corporation, a provider of market
intelligence in the information technology field, estimates that the business
analytics market for software, hardware and consulting services is expected to
grow at an 8 percent rate worldwide, reaching nearly $33 billion in 2012.
AGA set
out to determine how the federal government is using data analytics and what it
is doing with the resulting information…. we learned that some federal agencies have embraced data
analytics and have demonstrated the benefits of integrating analytics tools
into their operations. As a result, the federal government is in a position to
build on the analytic advances it has already made. Some organizations are poised
to share their capabilities with other federal organizations and possibly with
other levels of government that implement federally funded programs. However,
there is no clear plan to leverage the government’s investment in data
analytics." Read more
