Capturing Value with Anomaly Detection - Concord White Paper

anomaly detection methods

Traditional Machine Learning Classifiers (e.g., Random Forests)

Neural Networks & Deep Learning (e.g., LSTM)

Deep learning models offer unmatched flexibility and

Machine learning classifiers offer scalable, automated

power for detecting complex, non-linear anomalies—

solutions for anomaly detection, especially in

especially in high-frequency or multivariate data.

structured, well-defined environments. These models

However, they require significant training data,

deliver reliable performance with variable costs

computational resources, and ongoing monitoring to

depending on data preparation and infrastructure.

remain effective.

Type:

Type:

Supervised

Supervised / Unsupervised

Complexity:

Complexity:

High

Very High

typical use cases:

typical use cases:

Fraud detection, segment-level outlier classification,

High-frequency anomaly detection, multivariate time-

automated anomaly scoring in production systems

series forecasting, modeling nonlinear or contextual

patterns, adaptive anomaly systems in dynamic

environments

Capturing Value with Anomaly Detection

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