Book Image

Time Series Analysis on AWS

By : Michaël Hoarau
Book Image

Time Series Analysis on AWS

By: Michaël Hoarau

Overview of this book

Being a business analyst and data scientist, you have to use many algorithms and approaches to prepare, process, and build ML-based applications by leveraging time series data, but you face common problems, such as not knowing which algorithm to choose or how to combine and interpret them. Amazon Web Services (AWS) provides numerous services to help you build applications fueled by artificial intelligence (AI) capabilities. This book helps you get to grips with three AWS AI/ML-managed services to enable you to deliver your desired business outcomes. The book begins with Amazon Forecast, where you’ll discover how to use time series forecasting, leveraging sophisticated statistical and machine learning algorithms to deliver business outcomes accurately. You’ll then learn to use Amazon Lookout for Equipment to build multivariate time series anomaly detection models geared toward industrial equipment and understand how it provides valuable insights to reinforce teams focused on predictive maintenance and predictive quality use cases. In the last chapters, you’ll explore Amazon Lookout for Metrics, and automatically detect and diagnose outliers in your business and operational data. By the end of this AWS book, you’ll have understood how to use the three AWS AI services effectively to perform time series analysis.
Table of Contents (20 chapters)
1
Section 1: Analyzing Time Series and Delivering Highly Accurate Forecasts with Amazon Forecast
9
Section 2: Detecting Abnormal Behavior in Multivariate Time Series with Amazon Lookout for Equipment
15
Section 3: Detecting Anomalies in Business Metrics with Amazon Lookout for Metrics

Chapter 8: An Overview of Amazon Lookout for Equipment

In this chapter, you will learn what Amazon Lookout for Equipment can do, how it works, and the kinds of applications it's better suited for. You will also understand, at a high level, how to prepare your dataset and how to integrate the service results into your own business process.

Along with Amazon Forecast and Amazon Lookout for Metrics (which you will learn about in the last part of this book), Amazon Lookout for Equipment is one of the artificial intelligence (AI)-/machine learning (ML)-managed services dedicated to problems that are structured around time series data. Amazon Lookout for Equipment is an anomaly detection service that can provide valuable insights into industrial equipment and predictive maintenance teams.

In this chapter, we're going to cover the following main topics:

  • What is Amazon Lookout for Equipment?
  • What are the different approaches to tackle anomaly detection?
  • The...