Data Analytics Play a Crucial Role in Decision-Making at Federal Agencies Amid Budget Constraints
Lack of “actionable” data impedes use for planning and budgeting
Washington, November 15, 2011 - More than 70 percent of federal government managers believe budgetary cost constraints are increasing the importance of data collection to make decisions about their programs, but 58 percent of respondents report that using the data externally in a “meaningful” way remains challenging, according to a new study by the Government Business Council and Deloitte.
“Information is currency in both business and government; but the research found that many federal agencies don’t have reliable data readily available, even as there are difficult financial decisions looming,” says Erin Dian Dumbacher, associate director of research at GBC. “The study shows that 45 percent of managers say that their agencies are engaging in preditictive analytics, yet fewer than one third assess the quality of their data for accuracy.”
The research findings of current government data analysis and data-based decision making practices draws upon the recently-published study, “Demanding More, Federal Agencies’ Data Use to Drive Mission and Meet Mandates,” The study is based on focus groups data and a survey which included senior-level federal employees from Senior Executive Service to GS/GM level 11.
Additional key report findings include:
“Analytics can help agencies extract real value out of their existing data and can reveal under-performing programs, fraud, waste, and abuse,” said Brad Eskind, principal, Deloitte Consulting LLP and federal technology and analytics leader. “Analyzing data can help agencies uncover these kinds of insights and realize important savings. Preemptive steps like this can help agencies allocate their limited resources more effectively, make more strategic cuts, and emerge as leaner and more effective organizations.”
To download the full report, please visit: www.govexec.com/gbc/report/data_mission
To learn more about the survey findings, please visit www.deloitte.com/us/federalanalyticsreport
For more information about Deloitte’s Federal Government Services, please visit www.deloitte.com/federal
As Government Executive Media Group’s research intelligence division, the Government Business Council (GBC) is dedicated to advancing the business of government through analysis, insight and analytical independence. As an extension of Government Executive’s 40 years of exemplary editorial standards and a commitment to the highest ethical values, the GBC joins with industry leaders to study influential decision-makers from across the federal government and produce intelligence-based research and analysis.
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Deloitte, a leader in audit, tax, consulting, risk, and financial advisory services, has delivered analytics related services and solutions to public and private sector clients for decades in support of such areas as business intelligence, forensic and regulatory investigations, performance management, advanced analytics, data management and more. For more information on Deloitte Analytics, visit http://www.deloitte.com/deloitteanalytics.
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.