Leveraging AI to Understand the Impact of the CARES Act on Recovery and Preventing Fraud

Leveraging AI to Understand the Impact of the CARES Act on Recovery and Preventing Fraud

  • May 2020 •
  • 6 pages •
  • Report ID: 5893032 •
  • Format: PDF
This IDC Perspective presents the reporting requirements of the Coronavirus Aid, Relief, and Economic Security (CARES) Act's $2 trillion in emergency federal spending to provide assistance to American workers, families, and businesses; support economic stabilization and assistance to severely distressed sectors of the economy; and support America's healthcare system in the fight against COVID-19. Lessons learned from the American Recovery and Reinvestment Act of 2009 are presented, with recommendations of deploying swift, responsible, and effective implementation of the CARES Act."By adhering to best practices and leveraging technology, the U.S. federal government can create a new blueprint for minimizing fraud," says Adelaide O'Brien, research director, IDC Government Insights. "More importantly, this blueprint can create a process for equity in funding and recommend the funding programs with the best impact on lives and our economy."