“Fraud in the public sector is an escalating arms race,” declared Shaun Barry, Global Director – Risk Fraud & Compliance at SAS, a global analytics company, at a recent GovInsider webinar titled “Elevating Public Sector Fraud Management with AI and Advanced Analytics” alongside government leaders from the Inland Revenue Authority of Singapore (IRAS) and Companies Commission of Malaysia (SSM).
Likening the war on fraud to the Cold War’s nuclear arms race, Barry made the case that governments and sophisticated fraudsters are locked in an algorithmic arms race, with mathematics, advanced analytics, and AI the weapons of the day.
GovInsider highlights the key takeaways from the discussion, in which panelists discussed why agencies are turning to AI and analytics to combat fraud today.
AI and analytics: From an afterthought to a core competency for governments
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