Technology CEO Council presents Trump with $1T savings plan

The Technology CEO Council, a public policy advocacy organization comprised of various IT company CEOs, released a cost reduction report and shared it with members of President-elect Donald Trump's transition team.

Titled "The Government We Need," the report details ways in which the U.S. government can reduce costs by more than $1 trillion over the next 10 years. It also includes real-life examples of companies and government agencies that have met their goals at lower costs by installing new processes.

The report estimates 10-year cost reductions that could be made in a variety of sectors:

  • Supply chain and acquisition — $500 billion over the next decade
  • Fraud and improper payments prevention — $270 billion
  • Big data and analytics/cognitive computing — $205 billion
  • IT modernization — $110 billion
  • Shared services — $47 billion
  • Energy use — $3 billion
  • Mobile — improved efficiencies
  • Cybersecurity — cost avoidance

Click here to read the complete version of "The Government We Need."

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