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All Blog Posts Tagged 'Detection' (5)

Credit Card Fraud Detection and Prevention: The Complete Guide

Ever since the payment systems existed, there were always people who would find sophisticated ways to get to someone’s finances illegally. It has become a major problem in the modern era when all transactions can easily be completed online with only entering your credit card information. Even in the 2010s quite a lot of American retail website…

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Added by Roman Chuprina on November 4, 2019 at 3:00am — No Comments

Questions to ask while implementing Anomaly detection system

A.I. based automated Anomaly detection system is gaining popularity nowadays due to the increase in data generated from various devices and the increase in ever evolving sophisticated threats from hackers etc. Anomaly detection systems can be applied across various business scenarios like monitoring financial transactions of a fintech company, highlighting fraudulent activities in a network, e-commerce price glitches among millions of products, and so on. Anomaly detection system can work…

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Added by Avinash Udaykumar on May 27, 2019 at 2:30am — No Comments

How to use anomaly detection to balance your distribution budget

Cost driver: One of the key drivers of cost for ecommerce businesses is the last mile delivery charges. Consumers have the option to switch between e-retailers depending on their willingness to pay delivery charges, which is generally significantly low. This notion puts the power into the hands of the customer. Delivery charges, when added just before payment, makes the customer rethink and is one of the reasons for…

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Added by Avinash Udaykumar on April 9, 2019 at 3:00am — No Comments

How to use anomaly detection to seal revenue leakages due to price errors

Price errors and their impact:



Price errors are one of the ways in which revenue leakage occurs in e-commerce business. Although retailers put various checks and balances in place, pricing errors are still common. Data entry mistakes, misplaced decimal points, reversal of digits, and other clerical errors made in hurry are the major contributors. It can also occur because errors in feeding promotional offer dates. Promotions might unintendedly start early or end late. Such revenue…

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Added by Avinash Udaykumar on March 26, 2019 at 7:57pm — No Comments

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