Decision Intelligence in Practice
Decision intelligence has gained much traction in recent years. Initially adopted
by financial services and pharma companies, decision intelligence is now
being adopted by government and law enforcement agencies. Research firm
Gartner has identified decision intelligence as a Top 10 Technology Trend for
government agencies in 2022
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Furthermore, the value of analytics and data-driven decision-making is clear to
most customs organizations. In a 2021 WCO survey, 71% of respondents said the
introduction of big data, data analytics, AI, and machine learning would improve
customs audits and anomaly detection. 67% believe those tools will enable
better risk management, profiling, fraud detection, and tax compliance
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Despite the value offered, that same survey showed that 60% of customs
organizations were hesitant to adopt analytics and AI due to their lack of
expertise internally, while 54% added that they were concerned about
the costs involved
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Main benefits of adopting big data analytics
Facilitate customs audits
& anomaly identification
71%
67%
Better risk management, profiling,
fraid detection & greater compliance
Lack of expertise
Costs
Lack of good practices
Existing legacy system
Lack of traction by others
Lack of govt strategy
Legal issues
Main obstacles to adopting big data analytics
60%
54%
31%
22%
18%
13%
12%
Source: 2021 WCO Annual Survey
Source: 2021 WCO Annual Survey
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In Practice
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