The access that governments have to data is plentiful, but determining the best way to get the most value from this information isn’t always clear. Given the sophisticated, evolving threats customs agencies deal with every day, it’s especially critical that they leverage big data to make informed decisions.
Predictive analytics reveals critical data insights that enable customs agencies to act proactively to predict and manage non-compliance or boost levels of enterprise productivity. The use of customs analytics provides a key step to move agencies into a mode of intelligent operations, providing a foundation for building customs agencies that are geared for the future. Given the pace of change and strenuous demands of global trade, customs agencies can pursue the benefits of intelligent operations fueled by predictive analytics, which can result in a more nimble, proactive, and effective agency if applied across the entire customs value chain.