Data Analytics: Practical Guide to Leveraging the Power of Algorithms, Data Science, Data Mining, Statistics, Big Data, and Predictive Analysis to Improve Business, Work, and Life

Detecting Fraud: In the absence of proper data management, fraud can run
rampant and seriously affect business success. With access to sales numbers
in hand, it will be easy to detect when and where fraud may be occurring.
For instance, if you have a purchase invoice for 100 units, but your sales
reports only show that 90 units have been sold, you know that ten units are
missing from inventory and you will know where to look. Many companies
are silent victims of fraud because they fail to utilize the data to realize that
fraud is even occurring.