A Look at How Graphs Are Impacting Our Everyday Lives
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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.
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 impact our lives every day.
Whether you're identifying a potential dating match or mapping the suspicious behaviors of a fraud ring, the uses and applications of graph databases are endless. Graphs are ideal for today's next-generation applications because they efficiently store both data and its relationships – something other databases simply can't do.
In this slideshow, Neo Technology provides a look at the range of unexpected ways graphs impact our everyday lives.
Related Topics : APC, Resellers, Data Replication, Extract Transform and Load, Structured Data Integration
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