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The National Audit Office (NAO) published a report yesterday on how linked data, analytics, and AI can be used in combination to spot fraud and error (estimated to have cost the public purse between £55bm and £81bn in the 2023-24 tax year alone).
With public bodies responsible for managing the risk of fraud and error in their own organisation and their supply / delivery chains, the NAO focused on how well-placed government is to take advantage of analytics tech to ensure that correct payments are made to and from the right people at the right time. The report found that, whilst the use of data analytics to tackle fraud and error has demonstrated that it can achieve “significant” returns on investment, these have so far been limited (compared with its potential).
In this HotViewsExtra article we look at the key findings and recommendations in the NAO report, and how public bodies can do more to prevent fraud and error by embracing data analytics and AI tech.
TechMarketView subscribers, including UKHotViews Premium subscribers, can read ‘NAO urges wider analytics take-up to combat public sector fraud and error’ now. If you aren't a subscriber – or aren't sure if your organisation has a corporate subscription—please contact Belinda Tewson to find out more.
Posted by: Craig Wentworth at 10:47
Tags:
analytics
fraud
NAO
error