Question

What is the type of technology that leads to the most wasteful spending?

Answer 1

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Surprisingly IT products have accounted for the most wasteful spenidng over the years despite the vast array of services that they provide.

For example, over the last 25 years, the United States federal government has wasted an estimated $345 billion—more than $2,000 per every American household—by not going for commercially available information technology products,as reported by the Alliance for Digital Innovation. ADI, Amazon Web Services, Splunk and others, analyse federal IT spending since the Federal Acquisition Streamlining Act of 1994. The law directed feds to purchase commercially available hardware and software products over developing their own. It was also found that almost 77% of the government’s annual IT budget is used to maintain outdated codes.