Cloud giant Amazon Web Services
(AWS) has made its new ‘Lookout for Metrics’ Machine Learning (ML) service generally available to customers. Seattle, Washington-based AWS is the leading cloud compute, storage, database, analytics, and application deployment platform with around a million users. The company’s latest offering is intended to enable businesses to monitor their business performance by turning information into actionable data.
‘Lookout for Metrics’ allows users to look at business data such as revenue, transaction volume, and mobile app installations with greater speed and accuracy. It also makes reasons for issues like drops in revenue, increased payment transaction failures, and the rate of abandoned shopping carts easier to determine. The system can be utilized by those that have little or no machine learning experience.
AWS’s new service inspects data and determines which machine learning algorithm to use to detect anomalies. It can group anomalies if they are related and provides insight into potential root causes. The service is offered on a ‘pay-as-you-use' basis, meaning users only pay for the metrics its analyses monthly. Lookout for Metrics can be connected to a range of AWS services including Amazon S3, Amazon Redshift, and Amazon Relational Database Service (RDS), and third-party applications like Salesforce, Servicenow, and Zendesk.
"We're excited to deliver Amazon Lookout for Metrics to help customers monitor the metrics that are important to their business using an easy-to-use machine learning service," explained AWS’ Vice President of Amazon Machine Learning, Swami Sivasubramanian, in a press release.Do you know of any other companies offering new services? Let us know the details. Add your comments below.