The Government Accountability Office found that enhancing federal IT portfolio management could yield savings exceeding $100 billion by reducing duplication in IT investments. Recommendations emphasize the need for annual reviews by the Office of Management and Budget to improve cost-effectiveness and productivity. Agencies should adopt IT asset management and consolidation strategies to gain a comprehensive view of their IT systems, mitigate cybersecurity threats, and streamline processes. The COVID-19 pandemic has underscored the issues of IT duplication, especially in public health, urging agencies to consolidate their systems for better efficiency and savings.
The Government Accountability Office's report indicates that improved federal IT portfolio management could result in over $100 billion in savings by addressing duplicative IT investments.
GAO recommends that the Office of Management and Budget implement annual IT portfolio reviews to maximize cost savings and productivity through effective management.
A comprehensive IT asset management strategy enhances visibility across organizations, enabling agencies to better mitigate risks and unify cybersecurity approaches.
The COVID-19 pandemic has highlighted the duplicative nature of federal IT systems, particularly in public health, necessitating consolidation to improve efficiency and cut costs.
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