BizSugar.com › Technology › Asset Management Software Leads to Efficient Government Spending

$3.9 trillion dollars. That’s how much money the federal government is projected to spend in 2015; with $70 to $80 billion of those dollars allocated for IT and cybersecurity. A new report published by the International Association of Information Technology Asset Managers (IAITAM) looked at federal IT spending and found at least half of that money is wasted – conservatively, that’s $35 billion dollars. What’s the primary reason behind the waste? The lack of asset management.