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Data Mining for Fraud Detection

At present, within the academic and industrial fields there is a growing interest in data mining, web mining and text mining and more specifically in everything related to the application of Artificial Intelligence and Machine Learning techniques for solving practically any type of problem.

The application of this technology in companies and institutions is done through tools, algorithms and platforms for the analysis and processing of information, with the aim of extracting knowledge from the data they have. The underlying idea is to take intelligent capabilities to the next level, and allow, for example, the ability to predict which will be the best customer for a given product, how to optimize industrial processes, or how to classify and detect elements in vıdeo or images.

Organizations want to capitalize on this valuable resource by using predictive analytics to gain extra information they can apply to optimize their business intelligence. Among these techniques, fraud detection methods stand out.