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

Technical requirements

No hands-on experience with a language such as Python or R is necessary to work with the content of this chapter. However, we highly recommend that you follow along in the AWS Console, from where you can access the Amazon Lookout for Metrics service.

If you already have an AWS account, you can connect to the AWS Console, click on the search bar at the top, enter Lookout for Metrics in the services section, and then click on Amazon Lookout for Metrics to bring up the landing page of the service console.

To create an AWS account and log in to the Amazon Lookout for Metrics console, you can refer to the Technical requirements section of Chapter 2, An Overview of Amazon Forecast.

You should now be ready to use Amazon Lookout for Metrics! But before we dive into an overview of the service, let's first have a look at the challenges posed by detecting anomalies in business metrics.