McLean, VA (PRWEB) June 12, 2012
Centrifuge (http://www.CentrifugeSystems.com), a leading provider of Visual Network Analysis solutions, will showcase big data analytics and visualization solutions for fraud and risk at the 23rd Annual ACFE Fraud Conference & Exhibition to be held in Orlando, FL at the Gaylord Palms Resort and Convention Center on June 17-22, 2012.
According to the Association of Certified Fraud Examiners 2011 Outlook Report, organizations lose an estimated 5% of annual revenues to undiscovered fraudulent activity, amounting to more than $2.9 trillion annually. Organizations are not equipped to manage the risks of unlimited growth in social networks and internet transactions with existing predictive or analytical tools. Only visual trend, pattern detection and link analysis has the potential to connect the dots and uncover the mysteries in big data.
Analyzing big data to find fraud faster requires a new approach that includes link analysis based on data ingested from multiple data sources, social network analysis, interactive visualization and collaborative discovery. Centrifuge Visual Network Analytics provides the ability to uncover patterns, test hunches and enable interaction with the data to solve complex mysteries without costly integration services and data scientists. With Centrifuge, organizations can take control of the exponential growth of big data and discover hidden relationships and connections.
Speaking at the conference, Casey Henderson, Founder and Chief Technology Officer at Centrifuge, will address how link, temporal and spatial analysis are an essential part of a fraud-detection strategy. Henderson will highlight ways in which link intelligence can be leveraged to connect people, behavior and actions in a visual relationship map that can pinpoint fraud. The session, entitled: “Finding Fraud Faster with Advanced Link Intelligence and Data Visualization,” is scheduled for Tuesday, June 19 at 3:30 PM. In support of the session, ACFE will distribute a Centrifuge white paper case study entitled “BIG DATA IS HERE TO STAY: See Clearly Now™ With Visual Network Analytics™”. The paper is available now at GOT BIG DATA white paper.
A highly respected authority on data-visualization intelligence and information analysis, Henderson’s career has included extensive experience in the Intelligence Community. He has played a key role in the design and development of several large-scale systems critical to federal law enforcement, national security and the judiciary. Today, Centrifuge Visual Network Analytics is a critical solution for the US Intelligence Community, integrating millions of rows of social, enterprise and public data to profile secret connections between people, actions and events to identify criminal networks.
Centrifuge will be exhibiting at booth number 207 on the ACFE show exhibit floor. Throughout the conference, Centrifuge will feature interactive videos explaining visualization and demonstrating its use for discovering financial fraud and insurance claims fraud. For example, data visualization can eliminate “false positives,” saving investigators time and money by focusing on the right clues and indicators. Many common insurance fraud behaviors, such as doctor shopping, counterfeit drugs and multiple prescription fulfillments, can be detected easily with big data analytics and visualization.
Centrifuge will also be distributing complimentary copies of the newly published “Big Data Analytics for Dummies,” at the conference. Available for the first time in print, this book serves to educate non-technical users and analysts on how to extract value from big data through interactive visualization and link analysis, and illustrate common uses in fraud, cyber security, counterfeiting and homeland defense. The book addresses the attributes of top-tier big data analytics solutions, descriptions and samples of common data visualizations; the power of link, temporal and geospatial analyses; usage scenarios for both private and public sectors; and buying criteria for big data analytics solutions.
Centrifuge is a leading provider of Visual Network Analysis solutions that help organizations discover insights, patterns and relationships hidden in public, cloud and enterprise data and social networks. Centrifuge’s unique approach enables users to bring their own data from any source, easily integrate and filter it into interactive visualizations and share and collaborate with others. Easy to use and easy to deploy, Centrifuge Visual Network Analytics reduces time to discovery up to 70% in fraud, risk and security applications. Today, Centrifuge Visual Network Analytics powers some of the most demanding data analytics and data visualization applications in the world, including cyber security, counter-terrorism, homeland defense, anti-counterfeiting and financial fraud. With Centrifuge, you can See Clearly NowTM.