Anomaly Detection

Definition updated on November 2023

What is Anomaly Detection?

The technique of analyzing business data to uncover data points that are inconsistent with a company's typical data pattern is known as anomaly detection. The process of anomaly detection finds an unusual activity that differs from your established norms of behavior. Real-time protection from situations that could lead to major financial losses, data breaches, and other negative occurrences is provided through a solution. Anomaly activity detection is used by businesses to establish system baselines, spot departures from those baselines, and look into inconsistent data. Finance, retail, and cybersecurity are three sectors where anomaly detection is particularly crucial, but every company should take this into account. It safeguards your data and offers an automatic method of identifying hazardous outliers.

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