Welcome!

News Feed Item

Technology CEO Council Points Trump Team to $1 Trillion in Savings for Federal Government Operations

The Technology CEO Council (TCC) today released a new report with recommendations on ways the federal government can reduce costs by over $1 trillion on operations over the next decade while improving the reach and quality of its services. The group has also shared its analysis with key members of President-elect Donald J. Trump’s transition team, including Vice President-elect Mike Pence and incoming White House Chief of Staff Reince Priebus.

The report, The Government We Need, demonstrates how current technologies enable faster, more informed-and-efficient decision-making, more productive coordination among agencies, improved physical and digital security and more responsive services for citizens.

“Advanced information technologies are providing dramatic competitive advantages to businesses in virtually every industry imaginable,” said D. Mark Durcan, TCC Chairman and Chairman & CEO of Micron Technology. “We see clear and proven implementation paths where our federal government can take advantage of these same efficiencies. Modernizing our infrastructure is critical to our future as a nation.”

The report also offers real-world examples of private sector entities and government agencies around the world that have met their missions more quickly, at a lower cost and with less risk by implementing modern, interconnected processes and systems.

"We are living through a period of profound change, where cognitive computing systems and the efficiency of the cloud are transforming entire industries.” said Ginni Rometty, Chairman, President and CEO of IBM. “Technologies like these are helping us make better decisions than ever before. These trends can make our government more efficient, with a potential $1 trillion in savings, and can empower agencies to provide faster, modern, more personalized services."

The report includes estimates for the scope and scale of potential cost reductions that could be realized, summarized in the chart below.

Cost Reduction Area         Est. 10-Year Cost Reduction
Supply Chain and Acquisition         $500 Billion
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
Total 10 Year Cost Reduction Potential:         $1.1+ Trillion

Table 1: 10-Year Cost Reduction Opportunities[1]

 

About Technology CEO Council
The Technology CEO Council (TCC) is the information technology industry’s leading public policy advocacy organization comprised exclusively of chief executive officers from America’s top information technology companies. TCC includes some of the nation’s most well-known brands and globally integrated enterprises, generating more than $300 billion in annual revenues and employing more than 900,000 workers.
For more information about TCC, visit www.techceocouncil.org.

[1] A review of these opportunities should assess the degree to which any figures have already been incorporated into the CBO baseline. A portion of the cost reductions included in the table above and further described throughout this report may already be underway through current investments and initiatives or may be subject to overlap across initiatives, which could reduce the new opportunities in some areas. In addition, any review of opportunities should include a detailed estimation of any additional investments required to achieve these savings.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...