Ida  Nader

Ida Nader

1596433680

Fraud detection with Stateful Serverless on Cloudstate

Demonstration of a stateful serverless application built on Cloudstate.

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Fraud detection with Stateful Serverless on Cloudstate
Robbie  Barton

Robbie Barton

1591875480

From Serverless to Stateful Serverless

In this blog, I’ll drive your attention towards Serverless architecture, and, then to Stateful Serverless architecture. We will see the pros and cons of such an architecture, followed by the concept of stateful serverless. Thus the title is, From Serverless to Stateful Serverless. So, let’s start with Serverless.

#cloudstate #lightbend #scala #microservices #serverless computing #stateful serverless

Ismael  Stark

Ismael Stark

1618128600

Credit Card Fraud Detection via Machine Learning: A Case Study

This is the second and last part of my series which focuses on Anomaly Detection using Machine Learning. If you haven’t already, I recommend you read my first article here which will introduce you to Anomaly Detection and its applications in the business world.

In this article, I will take you through a case study focus on Credit Card Fraud Detection. It is important that credit card companies are able to recognize fraudulent credit card transactions so that customers are not charged for items that they did not purchase. So the main task is to identify fraudulent credit card transactions by using Machine learning. We are going to use a Python library called PyOD which is specifically developed for anomaly detection purposes.

#machine-learning #anomaly-detection #data-anomalies #detecting-data-anomalies #fraud-detection #fraud-detector #data-science #machine-learning-tutorials

Ashish parmar

Ashish parmar

1611567681

Serverless Applications - Pros and Cons to Help Businesses Decide - Prismetric

In the past few years, especially after Amazon Web Services (AWS) introduced its Lambda platform, serverless architecture became the business realm’s buzzword. The increasing popularity of serverless applications saw market leaders like Netflix, Airbnb, Nike, etc., adopting the serverless architecture to handle their backend functions better. Moreover, serverless architecture’s market size is expected to reach a whopping $9.17 billion by the year 2023.

Global_Serverless_Architecture_Market_2019-2023

Why use serverless computing?
As a business it is best to approach a professional mobile app development company to build apps that are deployed on various servers; nevertheless, businesses should understand that the benefits of the serverless applications lie in the possibility it promises ideal business implementations and not in the hype created by cloud vendors. With the serverless architecture, the developers can easily code arbitrary codes on-demand without worrying about the underlying hardware.

But as is the case with all game-changing trends, many businesses opt for serverless applications just for the sake of being up-to-date with their peers without thinking about the actual need of their business.

The serverless applications work well with stateless use cases, the cases which execute cleanly and give the next operation in a sequence. On the other hand, the serverless architecture is not fit for predictable applications where there is a lot of reading and writing in the backend system.

Another benefit of working with the serverless software architecture is that the third-party service provider will charge based on the total number of requests. As the number of requests increases, the charge is bound to increase, but then it will cost significantly less than a dedicated IT infrastructure.

Defining serverless software architecture
In serverless software architecture, the application logic is implemented in an environment where operating systems, servers, or virtual machines are not visible. Although where the application logic is executed is running on any operating system which uses physical servers. But the difference here is that managing the infrastructure is the soul of the service provider and the mobile app developer focuses only on writing the codes.

There are two different approaches when it comes to serverless applications. They are

Backend as a service (BaaS)
Function as a service (FaaS)

  1. Backend as a service (BaaS)
    The basic required functionality of the growing number of third party services is to provide server-side logic and maintain their internal state. This requirement has led to applications that do not have server-side logic or any application-specific logic. Thus they depend on third-party services for everything.

Moreover, other examples of third-party services are Autho, AWS Cognito (authentication as a service), Amazon Kinesis, Keen IO (analytics as a service), and many more.

  1. Function as a Service (FaaS)
    FaaS is the modern alternative to traditional architecture when the application still requires server-side logic. With Function as a Service, the developer can focus on implementing stateless functions triggered by events and can communicate efficiently with the external world.

FaaS serverless architecture is majorly used with microservices architecture as it renders everything to the organization. AWS Lambda, Google Cloud functions, etc., are some of the examples of FaaS implementation.

Pros of Serverless applications
There are specific ways in which serverless applications can redefine the way business is done in the modern age and has some distinct advantages over the traditional could platforms. Here are a few –

🔹 Highly Scalable
The flexible nature of the serverless architecture makes it ideal for scaling the applications. The serverless application’s benefit is that it allows the vendor to run each of the functions in separate containers, allowing optimizing them automatically and effectively. Moreover, unlike in the traditional cloud, one doesn’t need to purchase a certain number of resources in serverless applications and can be as flexible as possible.

🔹 Cost-Effective
As the organizations don’t need to spend hundreds and thousands of dollars on hardware, they don’t need to pay anything to the engineers to maintain the hardware. The serverless application’s pricing model is execution based as the organization is charged according to the executions they have made.

The company that uses the serverless applications is allotted a specific amount of time, and the pricing of the execution depends on the memory required. Different types of costs like presence detection, access authorization, image processing, etc., associated with a physical or virtual server is completely eliminated with the serverless applications.

🔹 Focuses on user experience
As the companies don’t always think about maintaining the servers, it allows them to focus on more productive things like developing and improving customer service features. A recent survey says that about 56% of the users are either using or planning to use the serverless applications in the coming six months.

Moreover, as the companies would save money with serverless apps as they don’t have to maintain any hardware system, it can be then utilized to enhance the level of customer service and features of the apps.

🔹 Ease of migration
It is easy to get started with serverless applications by porting individual features and operate them as on-demand events. For example, in a CMS, a video plugin requires transcoding video for different formats and bitrates. If the organization wished to do this with a WordPress server, it might not be a good fit as it would require resources dedicated to serving pages rather than encoding the video.

Moreover, the benefits of serverless applications can be used optimally to handle metadata encoding and creation. Similarly, serverless apps can be used in other plugins that are often prone to critical vulnerabilities.

Cons of serverless applications
Despite having some clear benefits, serverless applications are not specific for every single use case. We have listed the top things that an organization should keep in mind while opting for serverless applications.

🔹 Complete dependence on third-party vendor
In the realm of serverless applications, the third-party vendor is the king, and the organizations have no options but to play according to their rules. For example, if an application is set in Lambda, it is not easy to port it into Azure. The same is the case for coding languages. In present times, only Python developers and Node.js developers have the luxury to choose between existing serverless options.

Therefore, if you are planning to consider serverless applications for your next project, make sure that your vendor has everything needed to complete the project.

🔹 Challenges in debugging with traditional tools
It isn’t easy to perform debugging, especially for large enterprise applications that include various individual functions. Serverless applications use traditional tools and thus provide no option to attach a debugger in the public cloud. The organization can either do the debugging process locally or use logging for the same purpose. In addition to this, the DevOps tools in the serverless application do not support the idea of quickly deploying small bits of codes into running applications.

#serverless-application #serverless #serverless-computing #serverless-architeture #serverless-application-prosand-cons

Christa  Stehr

Christa Stehr

1602681082

Overcoming Common Serverless Challenges with Mainframe CICS Programs

By this point most enterprises, including those running on legacy infrastructures, are familiar with the benefits of serverless computing:

  • Greater scalability
  • Faster development
  • More efficient deployment
  • Lower cost

The benefits of agility and cost reduction are especially relevant in the current macroeconomic environment when customer behavior is changing, end-user needs are difficult to predict, and development teams are under pressure to do more with less.

So serverless is a no-brainer, right?

Not exactly. Serverless might be relatively painless for a new generation of cloud-native software companies that grew up in a world of APIs and microservices, but it creates headaches for the many organizations that still rely heavily on legacy infrastructure.

In particular, enterprises running mainframe CICS programs are likely to encounter frustrating stumbling blocks on the path to launching Functions as a Service (FaaS). This population includes global enterprises that depend on CICS applications to effectively manage high-volume transactional processing requirements – particularly in the banking, financial services, and insurance industries.

These organizations stand to achieve time and cost savings through a modern approach to managing legacy infrastructure, as opposed to launching serverless applications on a brittle foundation. Here are three of the biggest obstacles they face and how to overcome them.

Challenge #1

Middleware that introduces complexity, technical debt, and latency. Many organizations looking to integrate CICS applications into a microservices or serverless architecture rely on middleware (e.g., an ESB or SOA) to access data from the underlying applications. This strategy introduces significant runtime performance challenges and creates what one bank’s chief architect referred to as a “lasagna architecture,” making DevOps impossible.

#serverless architecture #serverless functions #serverless benefits #mainframes #serverless api #serverless integration

DBSCAN — a density-based unsupervised algorithm for fraud detection

According to a recent report financial losses due to fraudulent transactions have reached about $17 billion USD, with as many as 5% of consumers experiencing fraud incidents of some kind.

In light of such a big volume of financial losses, every industry is taking fraud detection seriously. It’s not just the financial industries that are susceptible, anomalies are prevalent in every single industry and can take many different forms — such as network intrusion, disturbances in business performances and abrupt changes in KPIs etc.

Fraud/anomaly/outlier detection has long been the subject of intense research in data science. In the ever-changing landscape of fraud detection, new tools and techniques are being tested and employed every day to screen out abnormalities. In this series of articles, so far I’ve discussed six different techniques for fraud detection:

Today I’m going to introduce another technique called DBSCAN — short for Density-Based Spatial Clustering of Applications with Noise.

As the name suggests, DBSCAN is a density-based and unsupervised machine learning algorithm. It takes multi-dimensional data as inputs and clusters them according to the model parameters — e.g. epsilon and minimum samples. Based on these parameters, the algorithm determines whether certain values in the dataset are outliers or not.

Below is a simple demonstration in Python programming language.

#fraud-detection #machine-learning #anomaly-detection #outlier-detection #data-science