5 Ways Cloud Technology Is Revolutionizing Government Procurement
2 minutes

5 Ways Cloud Technology Is Revolutionizing Government Procurement

June 26, 2024

Over the past decade, federal government spending has grown by 4.5% annually, yet the workforce managing it hasn’t kept pace. In 2013, each federal contracting officer handled an average of 300 contracting actions annually. By 2022, that number had skyrocketed to 2,000.

But there is hope on the horizon for that workforce — cloud technology.

Here are five key ways cloud technology is transforming government procurement.

Cloud Technology Benefits for Government Procurement

1. Efficiency

Cloud technology centralizes data, making it easier to manage the increased workload of 2,000 contracting actions. This centralization enables automation and streamlines procurement processes.

Cloud-based platforms facilitate swift and collaborative tasks such as supplier sourcing, bid evaluation, and contract negotiations, thereby reducing traditional time and resource expenditures.

For instance, the U.S. Postal Service successfully scaled the Covidtests.gov website using Amazon Web Services (AWS) during the pandemic, showcasing cloud’s ability to meet high-demand situations swiftly. (At 2023’s Evening of Honors, we recognized Max Peterson’s valiant mission to make it happen)

2. Transparency

An often overlooked benefit of cloud technology in government procurement is enhanced transparency. Cloud-based procurement systems offer real-time access to data and analytics, enabling stakeholders, citizens, oversight bodies, and others to easily monitor procurement activities.

Moreover, AI capabilities can streamline reviews, freeing humans to concentrate on more critical tasks while maintaining transparency throughout the process.

3. Scalability

Cloud solutions enable government agencies to quickly adapt to changing demands, such as fluctuating procurement volumes or regulatory requirements. Unlike on-premises infrastructure, cloud platforms can scale up or down based on workload demands, ensuring optimal performance and cost efficiency.

4. Collaboration

Cloud technology supports remote work, a necessity highlighted by the recent pandemic. Government procurement teams can work together seamlessly across different locations while accessing the same centralized data and tools. This enhances teamwork, decision-making, and response times to procurement challenges and opportunities.

5. Technology

Cloud technology serves as a foundation for integrating more emerging technologies, such as AI and machine learning (ML). AI and ML can help government agencies analyze procurement data to identify patterns, forecast demands, and optimize supplier selections.

A Workforce Supported, Not Replaced, by Cloud Technology

While cloud technology is revolutionizing government procurement, it’s important to note that it will not replace the workforce. Instead, it will assist them in streamlining tasks.

At GovExec, we’ve witnessed firsthand the transformative impact of cloud solutions. By embracing them, the government can modernize its procurement practices and better serve the public efficiently.

To showcase your cloud solutions, contact Solutions@GovExec.com today.

More to Read >