Anomaly Detection

Anomaly detection allows companies to identify, or even predict, abnormal patterns in unbounded data streams. Whether you are a large retailer identifying positive buying behaviors, a financial services provider detecting fraud, or a telco company identifying and mitigating potential threats, behavioral patterns that provide useful insights exist in your data.

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Anomaly Detection

1. Point anomalies: A single instance of data is anomalous if it's too far off from the rest. Business use case: Detecting credit card fraud based on "amount spent."

2. Contextual anomalies: The abnormality is context specific. This type of anomaly is common in time-series data. Business use case: Spending $100 on food every day during the holiday season is normal, but may be odd otherwise.

3. Collective anomalies: A set of data instances collectively helps in detecting anomalies. Business use case: Someone is trying to copy data form a remote machine to a local host unexpectedly, an anomaly that would be flagged as a potential cyber attack.

01

IT, DevOps

Intrusion detection (system security, malware), production system monitoring, or monitoring for network traffic surges and drops.

02

Banking and insurance

Real time fraud detection (credit cards, insurance, etc.), stock market analysis, early detection of insider trading.

03

Manufacturing and industry, construction, agriculture

For predictive maintenance or service fraud detection.

04

Healthcare

Condition monitoring, including seizure or tumor detection.

05

Public Sector

Used for detection of unusual images from surveillance.

06

Retail

monitor and detect anomalies on price of products as listed on the website enables the business teams to proactively identify and prevent revenue leakages.

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