Skip to main content

Understanding the Risk-Confidence Gap

Close the Risk-Confidence Gap with Advance PAI Solutions

While businesses and governments seek to maximize their use of data for risk assessment and mitigation, they are confronted with an inability to effectively process growing volumes of data. Since humans simply can’t digest and analyze all the available data in every language, organizations look to AI for security teams and advanced risk intelligence solutions to perform the heavy lifting. But these tools often fall short as well — especially when it comes to analyzing unstructured, multilingual text that comes from all over the internet.

As analysts try to derive insights from data to inform business- and mission-critical decisions, they are overwhelmed with doubt. Are they able to analyze risk management data quickly and accurately enough for leaders to make what could be life or death decisions? We call this doubt the Risk-Confidence Gap, where the Gap is the widening chasm between the escalating volume and variety of data that must be examined to obtain insight and identify threats, and the resources available to analyze it.

Where does the Risk-Confidence Gap occur?

With today’s avalanche of data, the Risk-Confidence Gap is everywhere — in business, government, healthcare, finance, supply chain — anywhere that massive quantities of multilingual data require taming and analysis. But it’s especially prevalent in organizations that must harvest and analyze publicly and commercially available information (PAI/CAI).

Financial institutions

Close accordion Open accordion

Financial institutions (FIs) must adhere to a wide range of anti-money laundering (AML) regulations designed to prevent criminal or sanctioned entities from using financial systems. FIs must make decisions quickly around whether to onboard a new customer and must maintain constant vigilance when monitoring existing customers for adverse media mentions, appearance on sanctions lists, or other activities that could indicate money laundering. FIs frequently rely on open source information (OSINT) like PAI and CAI for their compliance decisions, but the volume and extent of this data mean that FIs experience the Risk-Confidence Gap with regularity.  

Border security organizations

Close accordion Open accordion

Border security organizations around the world are confronting an unprecedented volume of cross-border movement of people and goods. A portion of that movement is illegal trafficking in drugs, weapons, counterfeit goods, and humans. It’s an unceasing task to quickly determine whether a shipment carries legitimate products or contraband. Border security agents confront the Risk-Confidence Gap every day at points of entry where they must decide whether they have enough information to allow or prevent a border crossing.

National security agencies

Close accordion Open accordion

National security requires constant vigilance for threats across multiple dimensions, including cybersecurity, counterterrorism, economic, environmental, military, and more. Threats can come from inside or outside a nation and appear in many forms across a variety of media. The quantity of intelligence collected through tradecraft and online is staggering and leaves national security agencies vulnerable to the Risk-Confidence Gap as they try to gain a clear picture from large collections of disparate data in multiple languages and scripts.

Law enforcement

Close accordion Open accordion

Investigative and law enforcement organizations are increasingly using OSINT to solve and prevent crimes. In areas like event and venue protection, executive and employee security, and the prevention of mass shootings, the Risk-Confidence Gap is prevalent as officers seek to protect the public. As criminals use social media to signal their intent or communicate with co-conspirators, law enforcement agencies struggle to parse and compile meaningful information that could save lives.

Adobe Stock 94292686 node
Image border control node
Adobe Stock 678513966 node
Adobe Stock 702872993 node
Adobe Stock 94292686 node

Babel Street helps close the Risk-Confidence Gap

The Babel Street Ecosystem — consisting of Analytics, Data, and Insights products — delivers advanced AI and data solutions to ensure robust protection against evolving threats, mitigate risk, and enhance decision-making confidence.

Ready to transform data into actionable insights?

Schedule a Demo
Babel Street Home
Trending Searches