Federal agencies using predictive analytics to spot missing, suspicious payments

“Agencies just getting started on artificial intelligence and predictive analytics can face internal inertia. In that case, starting small may be helpful.

That’s according to Michael Collins, a statistician in the Federal Student Aid Office at the Education Department. Speaking during the Agency Readiness for Predictive Analytics panel Tuesday, presented by the Advanced Technology Academic Research Center, Collins described how his office, which administers the FAFSA form, uses predictive analytics to forecast loan default.

Now that federal student loan payment forgiveness, collection halts and waived interest – due to COVID-19 – is set to end Dec. 31, FSA has begun targeting its communications at borrowers they think are most vulnerable to defaulting on their loans. But the agency does this predictive modeling at multiple stages of the loan lifecycle as well…” Read the full article here.

Source: Predictive analytics being used to spot missing, suspicious payments for agencies – By Amelia Brust, November 18, 2020. Federal News Network.

0
Tags:

This topic contains 0 replies, has 1 voice, and was last updated by  Jackie Gilbert 1 week, 6 days ago.

  • Author
    Posts
  • #113316

    Replies viewable by members only

    0

You must be logged in to reply to this topic.

CONTACT US

Questions?. Send us an email and we'll get back to you, asap.

Sending

©2020 G2Xchange all rights reserved | Community and Member Guidelines | Privacy Policy | About G2Xchange FedCiv

Opportunities. Starting Points.

About our Data

The Vault is a listing of expiring contracts, task orders, etc. within a certain set of parameters, to include:

  • Have an initial total estimated contract value of $10 million or above
  • Federal Civilian Only – DHS, Transportation, Justice, Labor, Interior, Commerce, Energy, State, and Treasury Actions
  • NAICS codes include: 511210, 518210, 519130, 519190, 541511,
    541512, 
    541513, 541519, 541611, 541618,
    541690, 541720, 541990
  • Were modified within the last 12 calendar months
  • The data represented is based on information provided by the government

Who has access? Please note that ALL G2Xchange FedCiv Members will receive access to all basic and much of the advanced data. G2Xchange FedCiv Corporate Members will receive access to ALL Vault content (basic and advanced).

Feedback/Suggestions? Contact us at Vault@G2Xchange.com and let us know what you think. 

G2Xchange FedCiv

Log in with your credentials for G2Xchange FedCiv

Forgot your details?