Apparatuses, methods, systems, and program products are disclosed for analytics-based anomaly detection. An apparatus includes a processor and a memory that stores code executable by the processor. The code is executable by the processor to receive measurement data for a component of a device, determine a compression rate of the received measurement data by applying a compression algorithm to the measurement data, and generate an alert indicating a possible anomaly in an operation of the component represented by the measurement data in response to the determined compression rate satisfying a threshold compression rate for the at least one condition of the component.