Capturing Value with Anomaly Detection - Concord White Paper

Approaches to Anomaly Detection

Below is a breakdown of widely used anomaly detection

methods, including their data requirements, complexity,

Visual Inspection

and ideal applications.

Visual inspection remains one of the simplest and

quickest approaches, often used for exploratory

analysis. While it offers limited capacity for complex

problem solving, it’s useful for identifying obvious

anomalies in raw counts or basic time series data.

Type:

Unsupervised / Supervised

Complexity:

Low

typical use cases:

Basic dashboard reviews, investigating reported

issues, informal campaign tracking, spot checks

during routine analysis

Capturing Value with Anomaly Detection