You've probably used a product or service powered by a graph database within the last few hours. From social media sites like Twitter and Facebook to real-time recommendations on eBay, graphs affect our lives everyday.
Fraud Detection
Each year, banks and insurance companies lose billions of dollars to fraud. Fraud alone costs the insurance industry an estimated $80 billion annually in the U.S. and is on the rise. Traditional analysis techniques catch only a handful of fraud scenarios because sophisticated criminals often elude these methods through collaboration.
Using graph databases, investigators are able to perform link analysis to uncover a variety of behavioral patterns, which enables them to catch fraud rings and individual fraudsters in real time.