What does the future hold?
We are working to find a smarter way to perform risk analysis through making it more instrumented, interconnected, and intelligent. IBM Business Analytics has capabilities related to governance and risk and compliance. If we can compare risk indicators to actual shipment data we believe we can predict which shipments, events, and circumstances have the greatest potential for non-compliance. We believe we could develop new insights based on statistical methods and analysis applied to our data, leading to better and more informed decisions. We would be better able to spot trends, patterns and anomalies, compare ‘what if’ scenarios, predict potential threats and opportunities, better identify and manage key risk and plan resource. With these deeper analytic capabilities we could better understand, anticipate and shape business outcomes, perhaps managing global risk in a smarter way