Definition: Refers to the systematic assessment and evaluation of potential risks associated with trade transactions and customs operations. It involves leveraging data analytics, algorithms, and risk management methodologies to identify patterns, anomalies, and potential risks in real-time. By analyzing factors such as shipment details, trader profiles, country of origin, and historical data, risk analysis enables customs authorities to prioritize inspections, allocate resources effectively, and mitigate risks related to smuggling, fraud, security threats, and non-compliance. This digital solution service enhances customs efficiency, facilitates secure trade, and supports informed decision-making to ensure effective risk management within the customs domain. Source: World Customs Organization (WCO) Example: In the context of customs, risk analysis involves utilizing data analytics and automated algorithms to assess and identify potential risks associated with trade transactions. By analyzing factors such as the country of origin, importer's profile, commodity type, and historical data, customs authorities can assign risk scores to declarations, enabling the effective allocation of inspection resources. High-risk declarations can be flagged for further scrutiny, while low-risk ones can proceed with minimal intervention. Risk analysis enhances border security, combats illicit activities, and streamlines trade by prioritizing resources and focusing on high-risk transactions. It ensures operational efficiency, adaptability to evolving threats, and continuous improvement in risk assessment models for more accurate and effective risk management. eira:iopDimension: Behavioral IoP LOST view: TVA-Customs Risk Analysis Enablers [Motivation] eira:iopSaliency: The Digital Solution Service ABB is salient for technical interoperability because it is a central element the EIF's conceptual model for integrated public services. it represents the generalisation of all application services provided by an Interoperable European Solutionas as stated in the EIF: "Technical interoperability the applications and infrastructures linking systems and services." Identifier: http://data.europa.eu/dr8/egovera/RiskAnalysisApplicationService ABB name: eira:DigitalSolutionApplicationService EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-08-20 dct:identifier: http://data.europa.eu/dr8/egovera/RiskAnalysisApplicationService