The Federal Trade Commission (FTC) has been awarded a $14.6 million grant from the Technology Modernization Fund (TMF) to upgrade its data processing infrastructure. The funding is aimed at improving the agency’s ability to analyze large volumes of data used in investigations, with the goal of increasing efficiency and reducing costs.
According to the FTC, the grant will support the development of a cloud-based analytics platform that incorporates artificial intelligence tools. The new system is expected to allow staff to conduct complex data analysis internally, cutting down on both time and reliance on external contractors. Agency officials say this approach could reduce the time required for data review from weeks to hours and result in significant cost savings.
The initiative aligns with federal efforts to improve government operations. “The grant will help the FTC meet President Trump’s goal to make government more efficient and cost effective by improving the agency’s ability to monitor and identify fraud and anti-competitive conduct,” according to an FTC statement.
The TMF provides grants designed for IT modernization projects within federal agencies that are likely to deliver measurable benefits and savings for taxpayers. More information about these grants can be found at https://tmf.cio.gov/.
The FTC continues its mission of promoting competition and protecting consumers through education and enforcement actions. The agency reminds consumers that it does not request money, issue threats, instruct transfers of funds, or promise prizes as part of its official communications. Additional resources about consumer protection topics are available at https://ReportFraud.ftc.gov/.
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