SBRI: developing a data enabled public sector audit approach

Fund Name: developing a data enabled public sector audit approach
Project Length: Up to 12 weeks
Project Value: Share of £1.25
Deadline: 09/01/2019

Summary

The aim of this competition is to develop a holistic data enabled audit approach capable of capturing, extracting, cleansing, formatting, interpreting, analysing and presenting data from a range of sources.

Fund Details

In phase 1 you must address at least one of the 2 points below:

Financial audit analytics. This involves analysing and audit testing whole financial transaction populations and identifying high risk transactions, anomalies and potential irregularities for further human investigation, possibly using machine learning. A solution could include the use of visualisations and automation. It could also explore the possibility of comparing data over time with other organisations and publically available data to identify trends and anomalies. All applicants must demonstrate that their final solutions will be capable of extracting, cleansing and validating information from different financial management systems.

Value for money analytics, which is analysing management information and publicly available data to provide evidence to support findings and recommendations in a wide variety of thematic reports. A selection of these studies and the range of topics they cover can be viewed on the Northern Ireland Audit office website.
In phase 1 testing will focus on Northern Ireland data.

If you reach phase 2 you will further develop the R&D undertaken during phase 1 with a view to producing a prototype. You will also use data supplied from other sources including our partner UK audit agencies.

Phase 1: technical feasibility

Projects should last up to 12 weeks and be completed by 22 July 2019. They can range in size up to a total cost of £50,000, including VAT. The total funding available is up to £250,000, including VAT.

Eligibility

To lead a project, you can:

  • be an organisation of any size
  • work alone or with others as subcontractors from business, the research base or the third sector

Applicants must:

  • provide details of their proposed idea, solution or technologies to meet the challenge
  • be prepared to adopt a valid technical approach
  • be innovative and be prepared to develop or employ novel concepts, approaches, methodologies, tools or techniques
  • outline a clear plan for establishing technical and commercial feasibility and the development of a working prototype
  • outline the skills, capabilities and experience they have to deliver the project
  • confirm that the budget is realistic and is justified in terms of the aims and methods proposed
  • have a plan to deliver a marketable product and demonstrate how that product would have a competitive advantage over existing or alternative technologies
  • demonstrate a willingness to work with the competition owner (NIAO) and spend time on-site in Northern Ireland throughout the challenge
Get In Touch

If you think that you might be eligible for this fund, please Get In Touch by filling out the contact form below.

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