QUESTION
How can technology and data analytics help detect and prevent fraud in the micro purchase program?
0:41:06
·
45 sec
Data analytics can detect significant price discrepancies for similar items across different contracts and vendors, serving as a red flag for potential fraud.
- Using data analytics to review expenditure across different contracts and vendors reveals potential fraud.
- The comparison of prices for similar items identifies significant discrepancies.
- Recognizing such discrepancies acts as a red flag, indicating potential fraud.
- This approach highlights the role of technology and data analytics in enhancing program integrity.
Gale Brewer
0:41:06
What role can technology and data analytics in detecting and preventing fraud in this micro purchase program.
0:41:13
Obviously, I know you have data analytics on your half as we do.
0:41:17
So I wanna know if there are some specific recommendations and is anything AI can do.
Jocelyn Strauber
0:41:23
Well, I think certainly having the data available, sort of loading the data available that makes, you know, that that reveals how much is being spent in different contracts with different vendors across different developments, that gives you data that you can compare.
0:41:38
And if you see different prices, significantly different prices for what seem like similar items, then I think that's a red flag.
0:41:44
So I think that's something that that's just one example of something that data analytics can do in this particular space.
Gale Brewer
0:41:51
Okay.