The American Council for Technology-Industry Advisory Council estimates information technology system upgrades and data analysis could help the federal government reduce its deficit by $220 billion, Joseph Marks reports for Nextgov.
An organization official told Nextgov a formal version of itsÂ Quadrennial Government Technology Review will be released in November.
Marks reports a copy of the organization’s findings was posted on its website but has since been taken down.
Of that $220 billion figure, the ACT-IAC estimates $50 billion in savings could come from using new data analysis tools for cutting the amount of uncollected taxes and improper payments.
A larger share of savings, to the tune of $100 billion, could come if the government adopts technology best practices from the private sector, Marks writes.
According to Marks, the organization also estimates the government can save $70 billion per year by putting new data analysis tools to work in healthcare.
The government’s PortfolioStat program, launched to help measure federal IT spending, has helped save the government about $2.5 billion in IT costs by cutting duplicative programs and other initiatives, according to White House Deputy Management DirectorÂ Jeff Zients.