Bid Tracking Database Synchronization via Record Matching
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Solution Overview
Problem
The variability in interactions with online auction services complicates the collection of data regarding bid activities, making it challenging to manage bid tracking effectively across different electronic devices and platforms.
Innovation Solution
A method and system for managing a bid tracking database that involves receiving bid records and auction records, determining matching bid and auction data, and writing relevant records to a database, utilizing a server with an interface, memory, and processor to synchronize and track winning bids.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If bid records and auction records are collected from multiple electronic devices and platforms, then the comprehensiveness of bid tracking data is improved, but the complexity of data management increases
Solution Approach 1:
The system segments bid tracking data into distinct record types (bid records and auction records) with standardized fields. Each record type contains specific elements such as bid price, bid timestamp, bid item identifier, winning price, end timestamp, and auction item identifier. This segmentation allows comprehensive data collection from multiple sources while maintaining manageable organizational structure through consistent record formatting and database schema design.
2Adaptability or versatility
If bid records are tracked across multiple devices and platforms, then the versatility of bid tracking is improved, but the difficulty of detecting and measuring accurate bid data increases
Solution Approach 1:
The system implements universal record structures that can accommodate data from various electronic devices and platforms. Bid records and auction records use standardized fields and formats that can capture information regardless of the source device or platform. This universality enables the system to adapt to multiple devices and platforms while maintaining consistent data quality through uniform validation rules applied to all incoming records.
Solution Approach 2:
The system incorporates validation mechanisms that verify bid record data against expected formats and relationships. The processor determines whether bid prices match or exceed winning prices and whether bid timestamps match end timestamps, providing feedback on data accuracy. This feedback mechanism helps detect and correct data quality issues that arise from collecting records across multiple devices and platforms.
Data Source
AI summary
Method and system to manage a bid tracking database are disclosed herein. At least one bid record is received at an interface, the at least one bid record comprising a bid price, a bid timestamp, and a bid item identifier. Receiving at least one auction record at the interface, the at least one auction record comprising a winning price, an end timestamp, and an auction item identifier corresponding to the bid item identifier. Maintaining the at least one bid record and the at least one auction record in a memory. Determining whether the bid price matches or exceeds the winning price and whether the bid timestamp matches the end timestamp. When the determination is affirmative, writing the bid record to the bid tracking database maintained in the memory.