The Economic Costs of Crime
Crime takes a toll on all of our communities. In addition to the personal and emotional costs of victimization, there is a substantial financial burden that must be managed as well.
The annual direct cost of law enforcement in the United States is at over $350 billion. This figure includes police services, correctional facilities and judicial and court costs.
In terms of direct economic costs to victims, these are estimated to be $310 billion per year. This figure only includes Uniform Crime Reporting Part 1 crimes; the aggregate figure across all crime types is much higher. Together, these figures equal about 5% of the gross domestic product, or about $6 for every man, woman and child in the US every day of the year!
PredPol has a demonstrated ability to predict crime twice as accurately as existing best practices, making your analysts and officers even more effective as they carry out their jobs.