AWS Announces General Availability of Amazon Lookout for Metrics | National

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SEATTLE–(BUSINESS WIRE)–Mar 25, 2021–

Today, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), announced the general availability of Amazon Lookout for Metrics, a new fully managed service that detects anomalies in metrics and helps determine their root cause. Amazon Lookout for Metrics helps customers monitor the most important metrics for their business like revenue, web page views, active users, transaction volume, and mobile app installations with greater speed and accuracy. The service also makes it easier to diagnose the root cause of anomalies like unexpected dips in revenue, high rates of abandoned shopping carts, spikes in payment transaction failures, increases in new user sign-ups, and many more—all with no machine learning experience required. With Amazon Lookout for Metrics, there is no up-front commitment or minimum fee, and customers pay only for the number of metrics analyzed per month. To get started with Amazon Lookout for Metrics, visit https://aws.amazon.com/lookout-for-metrics/

Organizations of all sizes and across industries gather and analyze metrics or key performance indicators (KPIs) to help their businesses run effectively and efficiently. Traditionally, business intelligence (BI) tools are used to manage this data across disparate sources (e.g. structured data stored in a data warehouse, customer relationship management data residing on a third party platform, or operational metrics kept in local data stores) and create dashboards that can be used to generate reports and alerts if anomalies are detected. But effectively identifying these anomalies is challenging. Traditional rule-based methods are manual and look for data that falls outside of numerical ranges that have been arbitrarily defined (e.g. provide an alert if transactions per hour fall below a certain number), which results in false alarms if the range is too narrow, or missed anomalies if the range is too broad. These ranges are also static, and don’t change based on evolving conditions like the time of the day, day of the week, seasons, or business cycles. When anomalies get detected, developers, analysts, and business owners…

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