Use Cases of One-Class SVM
There are several real-world use-cases of One-Class SVM which are listed below–>
- Detecting fraud in financial transactions: OCSVM excels in rare cases that are not uncommon associated with fraudulent activity in financial transactions. With specialized training in general practices, it becomes adept at distinguishing specific patterns. During testing, deviations from these scholarly models are immediately flagged, indicating that the fraud can be treated as abnormalities.
- Fault detection in commercial systems: Companies that rely on complex devices can benefit from OCSVM’s real-time monitoring of defects or anomalies. When applied to sensor data, OCSVM identifies abnormal behavior, and identifies potential errors. Early detection through OCSVM prevents maintenance, reduces downtime and increases operational efficiency.
- Network Intrusion Detection: OCSVM can play an important role in continuously monitoring computer networks to protect against malicious activity. It helps identify unusual network behaviors that may indicate a possible attack. OCSVM works well in situations where most network traffic is normal and anomalies are very rare.
- Quality Control in Manufacturing: Strict quality control is needed in manufacturing to ensure fault-free products. OCSVM is applied on sensor data or product characteristics to detect deviations from the perfect product. It helps to detect defects early during production.
Understanding One-Class Support Vector Machines
Support Vector Machine is a popular supervised machine learning algorithm. it is used for both classifications and regression. In this article, we will discuss One-Class Support Vector Machines model.