Global trade has shown remarkable resilience, particularly in its V-shaped recovery following the disruptions caused by COVID-19, driven by technological advancements and data-driven decision-making. Modern customs authorities face challenges managing complex data streams from various sources, such as import/export declarations and passenger information. Leveraging advanced analytics, AI, and technologies like data lakes enhances efficiency, security, and compliance. Innovations like AI-powered HS classification and fraud detection models are transforming customs operations. Moving forward, robust data strategies, technology integration, and workforce development will be essential for customs administrations to navigate the complexities of post-pandemic international trade.
Open Source Intelligence (OSINT) is revolutionizing customs operations by utilizing publicly available data from digital platforms, public records, and media to enhance risk assessment, fraud detection, and smuggling prevention. As technology advances, customs authorities can leverage tools like data scraping, social media monitoring, and geospatial mapping to gain real-time insights and identify suspicious trade activities. However, successful implementation requires adherence to legal and ethical standards, along with continuous evaluation of data sources and integration with existing systems to ensure secure and effective global trade
The culmination of my BAnd of CUstoms Data Analytics(BACUDA) scholarship journey today was a momentous occasion, marked by an exquisitely organized closing ceremony anchored by Professor Mitra Ghergherehchi. The esteemed presence of President Ji Beom Yoo of Sungkyunkwan University(SKKU), Director Chulhun Lee of Korea Customs Services(KCS), and Professor Jong Seo Chai of SKKU further elevated the celebration.
I’m excited to update you on my ongoing journey through the WCO BACUDA Scholarship Programme, which commenced on September 4, 2023. As we delve deeper into this program, I’ve been gaining valuable insights and knowledge, and I can’t wait to share some highlights with you.