Government To Tighten Up Controls over Purchase and Travel Card Use and Abuse | PNWC’s Government Contracting Update

The term “data analytics” refers to qualitative and quantitative techniques and processes used to enhance productivity, business gain, and very importantly, to detect and prevent fraudulent activity. Perhaps you’ve received calls from your credit card company asking you to confirm certain recent charges to your card. How did thy pick you? How did they pick particular charges? Well, somehow, those charges were outside the norm for you. How do they know that? Through the use of “data analytics”. Or, you might have noticed that when accessing a website, you see advertising for an item that you just read up on. You might have been reading about all the wonderful features of the latest Ford or GM model then you browse headlines on CNN and find advertising for Ford or GM. How do they do that? Through the use of “data analytics”.

Source: PNWC’s Government Contracting Update: Government To Tighten Up Controls over Purchase and Travel Card Use and Abuse