IT COST commission says feds could save $5.8 billion on IT

CIO: The federal government is expected to spend nearly $90 billion on IT this year, yet transparency into how that money is spent and benchmarking to verify how well it’s spent have been has been hard to come by.

Last year, the IT Cost, Opportunity, Strategy and Transparency (IT COST) commission was formed, bringing together private and public sector IT leaders to create recommendations for better understanding and managing federal IT spending. Created by the Technology Business Management Council (TBM), IT COST’s goal was to adapt TBM’s taxonomy and toolkit for Fortune 500 IT spending for a government audience.

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