Alert Notification System for Trading Applications
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Solution Overview
Problem
Consumers face challenges in efficiently identifying and acting on tradable resources due to the physical size limitations of electronic device displays, which can lead to time-consuming navigation through multiple application screens and increased likelihood of missing timely opportunities for trading actions.
Innovation Solution
A system and method for providing alert notifications on electronic devices, which includes a communications module, input module, and processor to set alert conditions, transmit notifications, and display targeted information with selectable options, allowing users to take action quickly and efficiently on tradable resources.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If consumers navigate through multiple application screens to access information and take action on tradable resources, then they can access comprehensive information and options, but the time required to complete actions increases and timely opportunities may be missed
Solution Approach 1:
The system pre-configures alert conditions and notification settings before tradable resource opportunities arise. When conditions are met, notifications are immediately sent to consumers' electronic devices, eliminating the need for consumers to actively monitor multiple screens. This preliminary setup ensures timely action opportunities are not missed while maintaining comprehensive information access.
Solution Approach 2:
The notification system acts as an intermediary between tradable resource data and consumer actions. Instead of consumers directly monitoring multiple application screens, the notification system receives information from the tradable resource system and presents it through targeted notifications on consumer devices, significantly reducing the time and effort required to access and act on opportunities.
2Loss of information
If electronic computing device displays are used to show large volumes of dynamically updated data, then comprehensive information can be accessed, but the physical size limitations constrain the volume of information displayable at one time
Solution Approach 1:
The system extracts critical information from large volumes of dynamically updated data and presents only the most relevant details through notification messages. This extraction approach allows consumers to access essential information about tradable resources without needing to display comprehensive data sets on limited-screen devices, effectively overcoming the physical display area constraint.
Solution Approach 2:
The notification system transitions information delivery from the two-dimensional display screen to the portable electronic device dimension (smartphones, tablets, wearables). This dimensional shift enables access to comprehensive tradable resource information through notifications that can be viewed on smaller screens, as the full information context is maintained in the notification content rather than requiring large display areas.
3Reliability
If consumers manually monitor tradable resources continuously, then timely actions can be taken, but the effort and time required for navigation increases
Solution Approach 1:
The notification system provides self-service by automatically monitoring tradable resource conditions and sending alerts to consumers when actions are needed. This eliminates the need for consumers to manually and continuously check multiple application screens, maintaining reliable timely action execution while significantly reducing the time and effort required for information navigation.
Data Source
AI summary
Devices and methods for providing alert notifications. The device includes an input module, a display, and memory having instructions. The device receives, via the input module, a first signal representing a command to set an alert condition associated with an identifier and, in response, generates the alert condition. The device transmits a second signal representing the alert condition to a monitoring system for setting up a targeted notification. The device receives a third signal representing an asserted alert indicating that the alert condition is satisfied and displays on the display, based on the third signal representing the asserted alert, an alert notification including the identifier and a first selectable option associated with a first application interface. In response to receiving, via the input module, a fourth signal representing selection of the first selectable option, the device displays the first application interface and auto-populates a first field based on the identifier.