We are so excited to be named once again as one of CIO Review Magazine's 20 Most Promising Risk Management Providers, -now for 2018. This is an annual list of 20 Companies at the forefront of providing Enterprise Risk management solutions and impacting the marketplace.
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Excerpt: Unlike other solution providers in the market that provide only predictive tools, TTEK’s risk management approach takes an overarching approach where predictive modeling is supported by a deductive and an inductive layer. Within the deductive layer, TTEK ingests watchlists from the records of the local customs and law enforcement agencies. At the same time, the inductive layer uses a rules management system to ingest a library of profiling rules for the risks that are characterized by a threat. They have risk assessment rules for terrorism, narcotics, security, prohibited items, dangerous goods, endangered species, intellectual property rights and counterfeiting, illegal migration, agriculture-related threats, and health or disease-related threats.
TTEK’s risk management system integrates and aligns with the UN system for customs trade processing ASYCUDA (Automated System for Customs Data) which is being used by approximately 90 countries. The company’s system aligns with the ASYCUDA database schema which reduces operational stand-up time,making the surveillance process faster and better compared to other solutions in the market. Thibedeau states that their objective is to not replace ASYCUDA, but to augment it with better analytics.