Deltek Inc.
08/29/2024 | News release | Distributed by Public on 08/29/2024 08:01
Pushing Boundaries: How AI & Innovation Are Redefining Government Contracting
Pushing Boundaries: How AI & Innovation Are Redefining Government Contracting
August 29, 2024
Warren Linscott
Chief Product Officer
As the world continues to evolve, so does the technology that drives it. This is particularly true in the government contracting industry, where the quest for digital transformation has significantly shifted in the last decade as more firms look to remove inefficiencies and increase profit margins through process optimization. At Deltek, we have been at the forefront of this shift, leveraging our 40 years of industry expertise to help government contractors navigate this complex landscape with purpose-built technology.
We understand what it takes to do business with the U.S. federal government, including the challenges caused by increased competition, talent shortages and compliance costs. That's why we've dedicated ourselves to creating software that streamlines processes while increasing productivity, accuracy and value throughout the life of a contract. Our industry-specific solutions support government contractors at every stage of the project lifecycle-from tracking and winning opportunities to managing resources and teams, all the way to successful project delivery and contract closeout. This comprehensive approach sets us apart from our competitors and makes us not only a trusted leader in the industry but a trusted partner as well.
Government contractors across the industry agree that our top rankings on leading software review platforms and by technology research firms speak volumes. Industry authorities like G2 and Nucleus don't just recognize Deltek as a leader in project-based ERP solutions; they highlight the real-world benefits our users enjoy-proving our solutions are designed to streamline operations, enhance visibility and improve decision-making processes for project-based businesses. With our deep understanding of the unique challenges within the industry, we're redefining how contractors go to work each day.
Setting the Innovation Standard
Innovation is at the heart of what we do at Deltek - which is why we don't just innovate for the sake of it. We focus on purposeful innovation by incorporating transformational capabilities into our products to add real value to our customers and enhance the end-user experience (UX). From generative artificial intelligence (GenAI) and machine learning to advanced analytics, we leverage the latest technologies to improve the functionality and efficiency of our solutions.
Deltek's investment in artificial intelligence (AI) is a testament to our commitment to meeting the industry's evolving needs. Our AI strategy, embodied in DelaTM,our new AI-powered intelligent business companion, is designed to improve the user experience and provide government contractors with more insight into their projects. We believe Dela will transform how people use our industry-leading software, helping them optimize processes and boost efficiency in their roles.
Dela is integrated throughout our GovCon product portfolio, helping government contractors generate and automate smart content with Smart SummariesTMpredict project and organizational success with AI-powered analytics and Narrative Scores and enable intelligent exploration with Ask Dela, Deltek's AI digital assistant. With Dela, we are revolutionizing how contractors operate: accelerating business development to outpace competitors, automating contract management for efficiency and enhancing project success with AI-driven insights that foster continuous improvement.
Uniquely designed for customers in the government contracting space, Dela's comprehensive capabilities boost productivity and mitigate project risks for government contractors, leading to cost savings and better decision-making-not only setting the industry standard but also driving it forward.
Navigating Complex Industry Challenges
While bringing valuable innovations to market is a core focus of Deltek's business, our work as a trusted partner is driven by helping government contractors meet complex and ever-changing compliance requirements. This focus includes DoD contractors preparing for Cybersecurity Maturity Model Certification (CMMC) standards and the Executive Order on AI, which has led to the OMB Policy for better governance and risk management of AI in federal agencies. To support these efforts, Deltek is continuously investing in security, compliance and supporting technologies for our customers, easing and scaling the management of systems for their teams.
Industry-specific software like Deltek Costpoint is built and supported with security in mind. Through the purposeful and responsible use of AI, Deltek is helping government contractors realize the benefits of new technology that enhances data-driven decisions, mitigates risks and delivers projects on time and within budget. This proactive stance means that government contractors can get the benefits of new technologies.
However, using the right technology and staying up to date with changing regulations is just the beginning. Those who work with the federal government also need to attract and retain skilled professionals who can understand and support the specialized needs of government projects, which is particularly challenging in today's tough talent environment. With new GenAI features found in Deltek's Talent Management solution, government contractors can not only anticipate hiring needs but streamline the requisition-to-hire process to get the right talent on billable projects faster.
By addressing these challenges with strategic planning, advanced technology and a commitment to excellence, Deltek helps government contractors overcome these obstacles and thrive in this demanding industry.
Ongoing Commitment to the GovCon Community
Through our continuous engagement with industry stakeholders, participation in community events like Navy Gold Coast, and serving as a long-time partner to the customers that make up Deltek Project Nation, we help government contractors navigate the intricacies of this complex industry while empowering them to achieve their goals with confidence.
Our commitment to innovation is not just about staying current; it's about anticipating the needs and delivering solutions that drive success. We're constantly looking for ways to improve our solutions and enhance our customers' experience. Our goal is to provide government contractors with the tools they need to succeed in this complex and ever-evolving industry.
To learn more about how Deltek expands your possibilities through AI and innovation, join us at Deltek ProjectCon, November 12 -14 at the Gaylord National in the Washington, D.C. area. During this year's conference, Deltek Project Nation will gather together for three days of unmatched inspiration, education and collaboration-designed to transform your business.
Whether you are a newcomer or a seasoned attendee, there is plenty of exciting information to learn, interactive sessions to attend and networking opportunities to join. We can't wait to see you this fall at Deltek ProjectCon -space is limited, so register today!
Follow us on Twitter, LinkedIn and the Deltek Project Nation blog for the latest conference updates on our session catalog, keynote speakers, Meet the Expert appointments, and, of course, our annual customer appreciation party!
Warren Linscott
Chief Product Officer