Fraud Detection
AI fraud detection systems can carry out accurate data analysis in milliseconds and identify abnormal behavior by understanding complex patterns in data.
CHALLENGE
The Annual Fraud Indicator estimates that fraud hits the private sector the hardest with losses into hundreds of billions a year.
Needless to say that the effects of fraud can be devastating if left undetected for too long, with irreversible damage to reputation or even force businesses to close for good.
Even the most skilled fraud analysts can never be as efficient as machines and are more error prone.
SOLUTION
Machine learning in logistics can diminish the risk of fraud and hoax as it's highly capable at detecting anomalies in data, an entry among many entries, which does not seem to belong there.
AI systems are also able to prevent credential abuse, one of the primary causes of breaches across the supply chain.
By flagging and rating suspicious behaviour for further investigation, it becomes almost impossible to do anything out of the ordinary without being noticed.
VALUE
Reduced fraudulent activities
Reduced losses caused by fraud
Improved customer relationships
Improved reputation & brand image
Increased sales revenue