The WCO on 04 December released its “Handbook on Data Analysis”, which is aimed at presenting an overview of data analytics and, more specifically, what it is, how it works, and how useful it may be to Customs and other governmental agencies.
The handbook offers guidance on how to leverage big data and data analytics, outlines data governance-related issues, and presents some common data analysis tools, such as predictive analytics, cognitive computing and statistical programming languages.
The Handbook is intended to provide guidance and serve as a reference resource on the use of data analytics in the Customs environment, assisting members and stakeholders in further strengthening supply chain security and facilitation. It may also prove helpful in developing or enhancing data analytics strategies, operational frameworks, associated skills and capabilities within Customs administrations.