Interactive Analytics can be used to uncover hidden insights in your data

Too often fraud and investigative analysts cannot thoroughly identify suspicious activity because the analytical tools they are using do not provide them with unconstrained freedom to explore disparate data in support of accurate identification. Why is this? Most of the analysis tools are designed to analyze pre-built data models where decisions have been made "in advance" on the type of metrics that will be shown. Many are difficult to use and do not allow for collaboration. In short, they prevent accurate, comprehensive investigation rather than promote ease of use. None allow you to access them through an internet browser. Instead, they require heavy footprints and constant updates.

Accurate identification of fraud requires the exact opposite approach. Investigators need to ability to explore data consistent with their investigative training to reveal what the criminal mind seeks to conceal. They need immediate access and the ability to collaborate with other investigators. This is exactly the way the US Intelligence Community has been fighting terrorism and financial crimes.

Interactive Analytics allows for this and brings together three modern innovations in analysis: Interactive Data Visualization, Unified Data Views and Collaborative Analysis.

For example, imagine the ability to integrate fraud alerts that are taking place ACROSS business lines into a single view. This view can show you all of the alerts going off for any number of individuals, past alerts, their relationships to account officers, where they live, the accounts they have open and much more. From that point, investigators can ask questions of the data, render the same data in maps, charts, event timelines and much more. Imagine the ability to quickly identify or confirm suspicious activity and publish results to others on your team through secure RSS feeds.

A series of US government agencies have used this same technology in support of financial crimes analysis, cyber security analysis, homeland security and counter-terrorism.

Centrifuge has recently published research in the form of white papers on this subject. We are also allowing members of this organization to try it out for free. There is no software to install.

I believe that by providing law enforcement professionals, fraud investigators, payment specialists, auditors and compliance staff with "the freedom to explore" data in support of more accurate decision making is an excellent way to fight criminal activity. To read more about this, see videos and try the software, visit www.centrifugesystems.com and TRY IT ONLINE.