Tuesday May 29, 2012

Fraud and Anomaly Detection using Oracle Data Mining YouTube-like Video

I've created and recorded another YouTube-like presentation and "live" demos of Oracle Advanced Analytics Option, this time focusing on Fraud and Anomaly Detection using Oracle Data Mining.  [Note:  It is a large MP4 file that will open and play in place.  The sound quality is weak so you may need to turn up the volume.]

Data is your most valuable asset. It represents the entire history of your organization and its interactions with your customers.  Predictive analytics leverages data to discover patterns, relationships and to help you even make informed predictions.   Oracle Data Mining (ODM) automatically discovers relationships hidden in data.  Predictive models and insights discovered with ODM address business problems such as:  predicting customer behavior, detecting fraud, analyzing market baskets, profiling and loyalty.  Oracle Data Mining, part of the Oracle Advanced Analytics (OAA) Option to the Oracle Database EE, embeds 12 high performance data mining algorithms in the SQL kernel of the Oracle Database. This eliminates data movement, delivers scalability and maintains security. 

But, how do you find these very important needles or possibly fraudulent transactions and huge haystacks of data? Oracle Data Mining’s 1 Class Support Vector Machine algorithm is specifically designed to identify rare or anomalous records.  Oracle Data Mining's 1-Class SVM anomaly detection algorithm trains on what it believes to be considered “normal” records, build a descriptive and predictive model which can then be used to flags records that, on a multi-dimensional basis, appear to not fit in--or be different.  Combined with clustering techniques to sort transactions into more homogeneous sub-populations for more focused anomaly detection analysis and Oracle Business Intelligence, Enterprise Applications and/or real-time environments to "deploy" fraud detection, Oracle Data Mining delivers a powerful advanced analytical platform for solving important problems.  With OAA/ODM you can find suspicious expense report submissions, flag non-compliant tax submissions, fight fraud in healthcare claims and save huge amounts of money in fraudulent claims  and abuse.  

This presentation and several brief demos will show Oracle Data Mining's fraud and anomaly detection capabilities.  


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Thursday May 10, 2012

Oracle Virtual SQL Developer Days DB May 15th - Session #3: 1Hr. Predictive Analytics and Data Mining Made Easy!

All,

Oracle Data Mining's SQL Developer based ODM'r GUI + ODM is being featured in this upcoming Virtual SQL Developer Day online event next Tuesday, May 15th.  Several thousand people have already registered and registration is still growing.  We recorded and uploaded presentations/demos and then anyone can view them "on demand", but at the specified date/time per the SQL DD event agenda.  Anyone can also download a complete 11gR2 Database w/ SQL Developer 3.1 & Oracle Data Miner GUI extension VM installation for the Hands-on Labs and follow our 4 ODM Oracle by Examples e-training.  We moderators monitor the online chat and answer questions. 
Session #3: 1Hr. Predictive Analytics and Data Mining Made Easy!
Oracle Data Mining, a component of the Oracle Advanced Analytics database option, embeds powerful data mining algorithms in the SQL kernel of the Oracle Database for problems such as customer churn, predicting customer behavior, up-sell and cross-sell, detecting fraud, market basket analysis (e.g. beer & diapers), customer profiling and customer loyalty. Oracle Data Miner, SQL Developer 3.1 extension, provides data analysts a “workflow” paradigm to build analytical methodologies to explore data and build, evaluate and apply data mining models—all while keeping the data inside the Oracle Database. This workshop will teach the student the basics of getting started using Oracle Data Mining.
We're also included in the June 7th physical event in NYC and future virtual and physical events.  Great event(s) and great "viz" for OAA/ODM.

 Charlie

Oracle Data Mining Virtual Classes Scheduled

Two Oracle Data Mining Virtual Classes are now scheduled.  Register for a course in 2 easy steps.

Step 1: Select your Live Virtual Class options

Select


Live Virtual Class
Course ID: D76362GC10
Course Title: Oracle Database 11g: Data Mining Techniques
NEW
Duration: 2 Days
Price: US$ 1,300 Dollars

Step 2: Select the date and location of your Live Virtual Class

Please select a location below then click on the Add to Cart button

i

Location  Duration Class Date Class Start Time Class End Time Course Materials Instruction Language Seats Audience Employees
Online 2 Days 09-Aug-2012 04:00 AM EDT 12:00 PM EDT English English Available Public Employees
Online 2 Days 18-Oct-2012 04:00 AM EDT 12:00 PM EDT English English Available Public Employees

100% Student Satisfaction: Oracle's 100% Student Satisfaction program applies to those publicly scheduled and publicly available Oracle University Instructor Led Training classes that are identified as part of the 100% Student Satisfaction program on the http://www.oracle.com/education website at the time the class is purchased. Oracle will permit unsatisfied students to retake the class, subject to terms and conditions. Customers are not entitled to a refund. For more information and additional terms, conditions and restrictions that apply, click here
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