“To ensure that the $770 billion in grant money that federal agencies distribute each year is put to good use, GrantSolutions.gov is replacing manual processes with machine learning and artificial intelligence.”
“An automation tool on the Department of Health and Human Services website now brings together data from multiple sources so that agencies can decide where to invest their grant money. The site uses a series of machine learning algorithms to analyze and identify patterns that can help predict potential behaviors and outcomes. For example, it might show, with 96 percent accuracy, that an applicant will have negative financial audit findings in the next year…” Read the full article here.
Source: Turning to machine learning for better ROI – November 1, 2018. GCN.
