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Logistics IT Firm Descartes utilizes artificial intelligence (AI) to reduce shipping delays as a result of errors caused by trade compliance screening systems.
The company explained that the Visual Compliance AI ASIST feature will automatically review and clear false positives generated by the compliance system.
Descartes explained that false positives are alerts that appear to match the entities of limited, approved and denied parties, but in fact, benign coincidences that lead to unnecessary reviews, wasted time, and delays in shipping of imports or exports.
This new feature brings to the rise in global trade regulations, increasing information flowing through international commerce, making compliance screening more important.
“It makes sense to get a wide range of nets in screenings, but false positives are time-consuming performance of resistance, accuracy and compliance,” said Brian Hodgson, general manager of trade compliance at Descartes.
“AI Assist significantly reduces low-quality false positives while managing the risk of real hits. In compliance, AI needs to be aware of the risk, meaning it needs to provide the incredible value of AI without increasing the risk of violations.
“AI Assistance helps some customers the combination of human surveillance and automation that collaborates with human surveillance helps reduce false positives by only a percentage of percentage, even with large amounts of screening. This is a significant increase in compliance resources productivity that can put an burden on unrelated alerts.”
