Local Financial Health Visualization for Private What-If Analysis
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Solution Overview
Problem
Users desire to examine their financial situation and determine the effects of various actions on their financial health while maintaining privacy and security of their personal financial data.
Innovation Solution
A standalone, local financial health visualization system that provides an interactive interface for users to input data through sliders and text boxes, calculates financial measures, and displays vertical stacked line graphs, including a break-even line, without accessing networks to ensure security and privacy.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If users access financial data through online banking systems or cloud-based financial tools, then financial health analysis and visualization capabilities are improved, but security and privacy of personal financial data deteriorate due to network access and external data storage
Solution Approach 1:
The patent extracts the financial health analysis functionality from cloud-based systems and implements it as a standalone local application. The system extracts and processes financial data locally on the user's device without requiring network connectivity, thereby eliminating the security risks associated with cloud data storage while maintaining comprehensive financial analysis capabilities through local execution of the visualization system
Solution Approach 2:
The patent introduces a local intermediary system that acts as a mediator between the user and their financial data. Instead of directly connecting to external banking systems or cloud services, the user's financial data is first imported into a local database on their device, which then serves as the intermediary storage and processing layer. This intermediary approach allows financial health analysis to be performed without exposing sensitive data to external networks
2Measurement precision
If a comprehensive financial health visualization system is implemented with multiple data processing capabilities, then financial analysis accuracy is improved, but system complexity increases
Solution Approach 1:
The patent segments the financial health visualization system into distinct functional modules: data import module, database storage module, financial measure calculation module, and visualization display module. Each module handles a specific aspect of financial analysis independently, allowing the system to achieve comprehensive and accurate financial health measurement through coordinated operation of simpler, well-defined components rather than a monolithic complex structure
3Speed
If real-time financial data processing is implemented, then responsiveness and actionable insights are improved, but computational resource requirements increase
Solution Approach 1:
The patent applies partial action by calculating and displaying only the specific financial measures and visualization elements that are most relevant to the user's financial health assessment, rather than processing every possible financial parameter simultaneously. The system prioritizes calculations that provide actionable insights for financial health evaluation, such as key financial ratios, net worth calculations, and budget analysis, while avoiding unnecessary computational overhead from processing less critical data points
Data Source
AI summary
Various examples are directed to computer-implemented systems and methods for financial health visualization. A method includes providing an interactive interface for a user on a graphical user interface (GUI) of a local user device, where providing the interactive interface includes using an instance of a program that is prevented from accessing networks once running to ensure security of user input. Input is received from the user generated by user manipulation of a plurality of sliders on the interactive interface. In response to the input, a plurality of financial measures indicative of a financial health of the user are calculated based on the input, and the plurality of financial measures are displayed on the interactive interface. Further in response to the input, a plurality of vertical stacked line graphs are adjusted based on the input, and the adjusted plurality of vertical stacked line graphs are displayed on the interactive interface.