Tracking fraud through data. One of the biggest challenges companies face is how they aggregate internal and external data. (Photo: Shutterstock)

Fraud analysis is a specialized form of data investigation where you are looking for bad actors — for example, people who submit fraudulent insurance claims. The challenges, in terms of data analysis, are the same as with good business analytics in the right context — you want the most up-to-date, relevant information about the problem.

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