The Technology CEO Council says its recommendations could save the federal government more than $1 trillion over the next 10 years, according to a report published Thursday.
The council recommended the federal government implement a number of technologies that "enable faster, more informed-and-efficient decision-making, more productive coordination among agencies, improved physical and digital security and more responsive services for citizens," according a Tech CEO Council press release.
The report recommends strategic technology implementation in areas like supply chain and acquisition, fraud and improper payments prevention, and IT modernization. It also includes estimates for the potential cost reductions that could be realized in each area as well as examples of where such implementations have been successful in companies or in other government entities.
The Technology CEO Council includes a number of Silicon Valley heavy hitters, such as Dell Technologies CEO Michael Dell, IBM CEO Ginni Rometty, Oracle co-CEO Safra Catz and Intel CEO Brain Krzanich. The goal of the group is to advance policies that promote innovation and U.S. competitiveness through technology leadership.
The group shared the report with members of President-elect Donald J. Trump’s transition team, including Vice President-elect Mike Pence and incoming White House Chief of Staff Reince Priebus. Already Silicon Valley CEOs have had access to the president-elect, after sitting down with him last month during the tech summit.
The U.S. federal government has often been criticized for its lack of efficiency and reliance on legacy technology. Last year, federal CIO Tony Scott said the federal government spends 80% of its IT budget on maintenance of legacy systems. And Silicon Valley wants to help by offering best-practices to help government systems run more efficiently.