The project, funded by the The Nordic Council of Ministers, uses advanced data science to analyse financial patterns and predict future trends.  

The model analyzes a number of variables, including the chart of accounts and labor costs, to identify expenses that are likely to exceed budget. The goal is for ministries and government entities to be able to intervene in time if an overrun is approaching and thus contribute to better financial management. 

Further information on the project can be found on DataLab's website; DataLab's "Valkyries"