Meeting Efficiency Index Algorithm for Time Cost Reduction

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Solution Overview

Problem

Conventional methods for optimizing meetings in corporate settings lack quantitative measures to balance negative impacts with positive outcomes, leaving organizers and attendees with mixed feelings about the necessity and efficiency of meetings.

Innovation Solution

A system and method for generating a meeting efficiency index (MEI) using processors and memories, which combines management data, organizational behavior data, and psychological data to determine the effectiveness of a meeting, displayed on a GUI, and allows for acceptance or rejection based on a predefined threshold value, with the option to update using machine learning algorithms.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If meetings are held to facilitate communication and collaboration, then organizational effectiveness is improved, but time cost and productivity loss increase

Engineering Contradiction:
Improveorganizational effectivenessVSAvoidtime cost
Core Design Contradiction:
ReliabilityVSLoss of time

Solution Approach 1:

The system performs preliminary analysis of meeting requests by evaluating multiple data dimensions (organizer credibility, attendee availability, topic importance, historical effectiveness) before the meeting occurs. This preliminary assessment generates an efficiency index that predicts meeting value, allowing organizers to make informed decisions about whether to proceed with the meeting, thereby avoiding time-wasting low-value meetings while preserving high-value ones.

Inventive Principle:
Principle #10Preliminary action

2Measurement precision

If quantitative measures are implemented to assess meeting effectiveness, then decision-making accuracy is improved, but system complexity increases

Engineering Contradiction:
Improvemeeting effectiveness assessmentVSAvoidsystem complexity
Core Design Contradiction:
Measurement precisionVSDevice complexity

Solution Approach 1:

The system segments the complex task of meeting effectiveness assessment into multiple independent evaluation dimensions: organizer credibility score, attendee availability status, topic importance rating, historical meeting effectiveness data, and predicted outcome value. Each dimension is calculated separately using specific algorithms and data sources, then aggregated into an overall efficiency index. This segmentation makes the complex assessment process manageable, transparent, and easily adjustable.

Inventive Principle:
Principle #1Segmentation

3Measurement precision

If comprehensive data analysis is performed to determine meeting value, then assessment accuracy is improved, but data processing time increases

Engineering Contradiction:
Improveassessment accuracyVSAvoiddata processing time
Core Design Contradiction:
Measurement precisionVSLoss of time

Solution Approach 1:

The system performs preliminary data preparation and caching of frequently used metrics (organizer credibility scores, historical meeting data, attendee profiles) in advance. When a meeting request is submitted, the system retrieves pre-processed data rather than calculating everything from scratch, significantly reducing real-time processing time while maintaining comprehensive analysis accuracy for the efficiency index calculation.

Inventive Principle:
Principle #10Preliminary action

Data Source

PatentUS11489685B2Method and apparatus for generating a meeting efficiency index
Publication Date: 2022.11.01 JPMORGAN CHASE BANK NA
  • US11489685B2 patent drawing
  • US11489685B2 patent drawing
  • US11489685B2 patent drawing

AI summary

Various methods, apparatuses/systems, and media for generating a meeting efficiency index are disclosed. A receiver receives a request from an organizer to organize a meeting. A processor, operatively connected to the receiver via a communication network, accesses a database to obtain management data, organizational behavior data, and psychological data corresponding to the requested meeting in response to the received request. The processor applies an algorithm to combine the obtained management data, organizational behavior data, and the psychological data to determine a meeting efficiency index (MEI) for the requested meeting. The MEI is a normalized measure to determine how effective the meeting will be in achieving its purpose. The processor causes a graphical user interface (GUI) to display the MEI in conjunction with calendar item and receive input data whether to accept or reject the meeting based on the MEI.