e.Detecting of Outliers

Outlier detection is used to identify the deviations in datasets. When companies discover anomalies in their records, it becomes easier to understand why they occur and plan for potential events in order to achieve business goals. For example, if there is an increase in the use of transactional systems for credit cards at a certain time of day, businesses can use this information to maximize their income for the day by finding out the cause of it.
