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There has been a shift from big data to live streaming data to facilitate faster data-driven decision making. As the number of live data streams grow—partly a result of the expanding IoT—it is critical to develop techniques to better extract actionable insights.
One current application, anomaly detection, is a necessary but insufficient step, due to the fact that anomaly detection over a set of live data streams may result in an anomaly fatigue, limiting effective decision making. One way to address the above is to carry out anomaly detection in a multidimensional space. However, this is typically very expensive computationally and hence not suitable for live data streams. Another approach is to carry out anomaly detection on individual data streams and then leverage correlation analysis to minimize false positives, which in turn helps in surfacing actionable insights faster.
In this talk, we explain how marrying correlation analysis with anomaly detection can help and share techniques to guide effective decision making.
Topics include:
* An overview correlation analysis
* Robust correlation analysis
* Overview of alternative measures, such as co-median
* Trade-offs between speed and accuracy
* Correlation analysis in large dimensions