A Meta-Analysis of AI in Fraud Detection: Evaluating the Effectiveness of Different Algorithms and Data Sources

The widespread use of artificial intelligence (AI) techniques has changed the way fraud is found in many areas, offering better accuracy and speed compared to older methods. This meta-analysis looks at how well distinctive AI calculations and information sources work at finding tricks. The objective is to deliver a full picture of how things are done presently and discover places where more ponder is required. The think about takes the comes about of numerous diverse inquire about papers and centers on how AI can be utilized to discover tricks in areas like healthcare, managing an account, and e-commerce. A few of the foremost critical AI calculations that are looked at are machine learning models (like Back Vector Machines, Arbitrary Woodlands, and Neural Systems), strategies for finding exceptions (like Segregation Woodland and One-Class SVM), and blended approaches that utilize more than one method to urge way better comes about. To see if each calculation is sweet at finding extortion totally different circumstances, its execution measures are carefully looked at. These incorporate precision, review, F1-score, and range beneath the bend (AUC). The meta-analysis too looks into how distinctive information sources influence how well AI models work. It looks at how to utilize organized and unstructured information, money related records, client behavior designs, content information from client audits, and data from social systems and IoT gadgets approximately the setting of the information. Putting these distinctive sorts of information together is implied to create AI frameworks way better at finding tricks by catching complicated patterns and other ways of assaulting. The audit finds critical patterns in AI-based extortion location, such as the move toward real-time handling and the utilize of logical AI models to create things clearer and simpler to understand. It too talks about problems like information protection issues, uneven datasets, and the ought to keep changing models to ensure against unused dangers. In conclusion, the meta-analysis gives valuable data to individuals who need to utilize or improve AI-based trick location frameworks.

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Published
2024-11-29
DOI
https://doi.org/10.1109/idicaiei61867.2024.10842759
Citations
1
Primary Topic
Imbalanced Data Classification Techniques
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article
Field-Weighted Citation Impact
0.35
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article

A Meta-Analysis of AI in Fraud Detection: Evaluating the Effectiveness of Different Algorithms and Data Sources

Umesh Wagh, Shailesh Kediya, Prasanna Deshpande, Nitu Chouhan et al.
1 citations
Imbalanced Data Classification Techniques
0.35
article

A Meta-Analysis of AI in Fraud Detection: Evaluating the Effectiveness of Different Algorithms and Data Sources

Umesh Wagh, Shailesh Kediya, Prasanna Deshpande, Nitu Chouhan, Debasis Das, Pravin Y. Karmore
article en
1 citations

Abstract

The widespread use of artificial intelligence (AI) techniques has changed the way fraud is found in many areas, offering better accuracy and speed compared to older methods. This meta-analysis looks at how well distinctive AI calculations and information sources work at finding tricks. The objective is to deliver a full picture of how things are done presently and discover places where more ponder is required. The think about takes the comes about of numerous diverse inquire about papers and centers on how AI can be utilized to discover tricks in areas like healthcare, managing an account, and e-commerce. A few of the foremost critical AI calculations that are looked at are machine learning models (like Back Vector Machines, Arbitrary Woodlands, and Neural Systems), strategies for finding exceptions (like Segregation Woodland and One-Class SVM), and blended approaches that utilize more than one method to urge way better comes about. To see if each calculation is sweet at finding extortion totally different circumstances, its execution measures are carefully looked at. These incorporate precision, review, F1-score, and range beneath the bend (AUC). The meta-analysis too looks into how distinctive information sources influence how well AI models work. It looks at how to utilize organized and unstructured information, money related records, client behavior designs, content information from client audits, and data from social systems and IoT gadgets approximately the setting of the information. Putting these distinctive sorts of information together is implied to create AI frameworks way better at finding tricks by catching complicated patterns and other ways of assaulting. The audit finds critical patterns in AI-based extortion location, such as the move toward real-time handling and the utilize of logical AI models to create things clearer and simpler to understand. It too talks about problems like information protection issues, uneven datasets, and the ought to keep changing models to ensure against unused dangers. In conclusion, the meta-analysis gives valuable data to individuals who need to utilize or improve AI-based trick location frameworks.

Symbiosis International University (IN), G.S. Science, Arts And Commerce College (IN)
Peace, Justice and strong institutions
Openalex Percentile: Top 30%
Imbalanced Data Classification Techniques
0.35
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