August 2019 was a bad month when it came to financial services outages, with both consumers and investors faced with banking glitches that made them unable to access their accounts. Let’s take a look at the anomalies that made headlines over the last 30 days.

In our recent webinar on what it takes to build time series anomaly detection, industry experts Arun Kejariwal, Ira Cohen and Ben Lorica shared valuable advice for ways to successfully implement and execute anomaly detection systems in today’s increasingly complex corporate world.

There’s never a dull moment in the world of anomaly detection. These are the glitches that the world’s largest organizations battled in the month of July.

A recent report by Gartner casts light into the world of AIOps, and the need for deploying it in organizations today. AIOps is a modern approach to DevOps which is based on recent AI technology. Gartner’s vision of the AIOps platform is one that enables continuous insights across IT operations management.

If you happen to be running multiple clusters, each with a large number of services, you’ll find that it’s rather impractical to use static alerts, such as “number of pods < X” or “ingress requests > Y”, or to simply measure the number of HTTP errors. Values fluctuate for every region, data center, cluster, etc. It’s difficult to manually adjust alerts and, when not done properly, you either get way too many false-positives or you could miss a key event.

There used to be a distinct, technical separation between terms such as AI and machine learning (ML) – but only while these technologies remained largely theoretical. As soon as they became practical in the real world, and then commodifiable into products, the marketers stepped in. Widespread overuse of the terms AI/ML in marketing have managed to thoroughly confuse the meanings of these words.

To keep you up-to-date with what’s going on in anomaly detection, we keep an ongoing list of the biggest glitches happening in the business world. Here is what made waves in June. June 25, 2019 When Dutch telco KPN suffered a major outage on the evening of Tuesday, June 25, the 112 emergency number was also knocked out across the country. “We have no reason to think it was (a hack) and we monitor our systems 24/7,” the company spokesperson told Reuters.

Companies invest in anomaly detection in order to proactively identify risks, such as revenue loss, customer churn and operational performance issues. Anomaly detection essentially enhances traditional BI and visualization tools, venturing beyond a summary view of your data. It constantly scans every metric, at a granular level, to find abnormalities. But in order for this technology to have an impact, you must be able to trust it.