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 13: An Overview of Amazon Lookout for Metrics

In this chapter, you will learn what Amazon Lookout for Metrics is designed for, how it works, and the kind of situations it is best suited for. By the end of this chapter, you will also have a good command of the underlying concepts manipulated by Amazon Lookout for Metrics (dataSPACE sources, datasets, detectors, alerts, and anomalies).

Along with Amazon Forecast and Amazon Lookout for Equipment, Amazon Lookout for Metrics is one of AWS' artificial intelligence (AI)/machine learning (ML) managed services dedicated to problems structured around time series data. Amazon Lookout for Metrics is an anomaly detection service dedicated to finding and diagnosing outliers in business and operational metrics.

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

  • Recognizing different types of anomalies
  • What is Amazon Lookout for Metrics?
  • How does Amazon Lookout for Metrics work?
  • Identifying...