Outlier Detection Techniques in Python

Outlier detection, which is the process of identifying extreme values in data, has many applications across a wide variety of industries including finance, insurance, cybersecurity and healthcare. In finance, for example, it can detect malicious events like credit card fraud. In insurance, it can identify forged or fabricated documents. In cybersecurity, it is used for identifying malicious behaviors like password theft and phishing. Finally, outlier detection has been used for rare disease detection in a healthcare context.