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Publish Date : 10-Mar-2016

Big data in increasingly being used in source selection decisions for contract awards.

However, big data is also shaping procurement policy.

A recent performance report of Defense Department Acquisitions System started by saying,"In God we trust; all others must bring data."

With little actual data to support the policies they've written, federal procurement policy has been cobbled together by Congress and executive branch policy makers over the last few decades.

Big data, which is coming to federal acquisition, will change how policy is made.

The Digital Accountability and Transparency Act of 2014 is a reason. The legislation is pushing the executive branch to connect the dots among budget, contracting, finance and payment systems to allow agencies to more easily track a dollar from appropriation to expenditure.

Category management is another reason. This is an Obama government push for agencies to study spending data and then adjust procurement programs to make acquisitions more effective and efficient.

The third reason is the development of better data analytics tools in the private sector.

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