Anomaly Monitoring and Alerts Keeps You on Track
How does your business deal with anomalies? An unusual result in your data analysis may be of no concern, or it may be a sign of concern. But how do you tell the difference?
Data anomalies deviate from patterns in data and can reveal significant issues, errors, or fraud. Discovering and understanding the source of these anomalies ensures that your business can maintain data integrity and make appropriate decisions.
World-renowned technology research company, Gartner, reports that ‘organizations implementing…machine learning monitoring tools report a 50% reduction in mean time to resolution (MTTR), and a 30% decrease in false positive alerts.’
‘These tools support Citizen Data Scientists with key performance indicators (KPIs) to clearly and easily identify volatility and anomalies and to provide auto-suggestions to define the root cause of a problem and to target opportunities.’
When a business selects a self-serve augmented analytics solution with Anomaly Alerts and Monitoring capability, it can:
- Enhance fraud prevention
- Identify pricing issues
- Monitor stock out situations
- Monitor unusual trends in sales
- Identify locations and stores with unexpected returns
- Ensure product quality
- Anticipate equipment downtime and failure
- Identify DDOS intrusions
- Analyze and manage resource utilization in cloud management
- Monitor application performance management
- Identify fraud in finance and banking
- Monitoring crypto pricing in real time
These tools support Citizen Data Scientists with key performance indicators (KPIs) to clearly and easily identify volatility and anomalies and to provide auto-suggestions to define the root cause of a problem and to target opportunities.
Analytics with anomaly monitoring and alerts provides numerous benefits:
- Establish and monitor KPIs and adapt quickly with a personalized approach
- Clearly identify relationships and impact of influencers on targets
- Receive auto-recommendations, guidance and alerts on changing impact of influencers on targets, related anomalies and volatility
- Receive and monitor results via email and in-portal notifications
- Business Users and Citizen Data Scientists can compile data, analyze, monitor and manage results with all the confidence of a Data Scientist
- Identify opportunities for improvement to optimize results
‘Data anomalies deviate from patterns in data and can reveal significant issues, errors, or fraud. Discovering and understanding the source of these anomalies ensures that your business can maintain data integrity and make appropriate decisions.’
Business team members can leverage simple tools to quickly establish key performance indicators (KPIs) and personalized alerts and reports to monitor and measure results with powerful, clear, concise results, and to understand and manage the variables that impact targets and results.
To learn more about how Anomaly Alerts And The Smarten Snapshot Product can help your team and your business, Contact Us now. Explore the benefits and capabilities of Anomaly Alerts And Monitoring Analytics Tools In This Webinar.
Original Post : Understand the Anomalies in Your Data and Achieve Results!
Anomaly Alerts, Anomaly Analytics, Augmented Analytics, Auto Insights, AutoML, Influencer Analytics, Machine Learning Analytics, Smarten Snapshot Ahemdabad India, SnapShot KPI, Volatility Detection
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