From: Federal Computer Week
By Frank Konkel
Big data has been a big topic of conversation for some time now, but many in the federal space still struggle with its definition, let alone its potential possibilities. Some agencies, however, are using big data and analytics to good effect already.
Case in point: The Department of Defense’s global shared service center, the Defense Finance and Accounting Service (DFAS) employs a business activity monitoring software tool provided by Oversight Systems that continuously scan DFAS’ vendor payments in an effort to identify and prevent improper transactions. That project has been cited by the administration’s PaymentAccuracy.gov as one of the government’s success stories in reducing improper payments.
The tool has saved DFAS more than $4 billion in improper payments to vendors over the past four years, according to Aubrey Vaughan, managing director of the public sector at Oversight Systems, which holds a recently-renewed contract with DOD. DFAS officials also spoke with FCW about the project, but were not cleared to comment on the record in time for publication.
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