Public sector organizations worldwide face a growing fraud, waste and abuse (FWA) crisis that drains billions from government budgets and erodes public trust. As FWA schemes become more sophisticated and AI-enabled, many agencies are turning to AI to strengthen their processes.
Why?
A recent global survey by a third-party research firm reveals data and AI's potential for fighting fraudulent activities and optimism about the future of fraud detection and prevention
of decision makers put fighting fraud as one of their top five priorities
expect to use generative AI to combat fraud within the next two years
Current AI adoption rates are relatively low
About half of those surveyed use AI to address FWA, while slightly over a quarter use GenAI. But the adoption curve is rapidly accelerating.
32% → 87%
Network analysis usage is projected to increase by 2027
5x
Large language model (LLM) adoption is expected to grow