Panelist will discuss how financial managers can create a data driven decision making culture by leveraging investments made in recent laws like the DATA Act and administration priorities like Technology Business Management (TBM).
As data analytics become more commonplace in government, agencies can leverage analytics tools to make better decisions and improve the effectiveness and efficiency of their programs. This session will explore how analytics can be used to enhance decision-making. Topics will include: risk-based decision making, such as scoring transactions, third party vendors, benefit applicants, etc. based on risk indicators to more efficiently target high-risk areas for additional monitoring or oversight; assessing internal controls and the control environment; budget and financial management and manpower distribution planning to tie resources to outcomes and enable improved Warfighter Readiness; using data analytics for PPBE, cost accounting, manpower and force structure analysis.