Product Navigator System for Business Classification Lookup
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Solution Overview
Problem
The challenge in industries like banking and finance is the time-consuming and error-prone process of manually searching and classifying business data using multiple classification codes, which degrades computer system performance due to repeated searches across various databases, leading to inefficient data entry and potential misclassification.
Innovation Solution
A product navigator system is introduced that integrates multiple business classification data sets, providing a search interface with various options and reducing the need for multiple queries by offering an extended data set to assist users in accurate selection, thereby improving system performance and throughput.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If manual searches of various data sources are performed to determine classification codes, then users can locate proper classification codes, but computer system and network performance is degraded due to processing resource time, network bandwidth, and temporary storage space consumption
Solution Approach 1:
The patent performs preliminary actions by pre-fetching and caching classification code data from multiple data sources into temporary storage before it is actually needed. The system proactively retrieves classification codes, descriptions, and related information and stores them in memory, so that when users need to perform lookups, the data is already available locally, eliminating the need for repeated network queries and improving system performance.
2Loss of information
If multiple individual searches of various databases occur across a computing network, then users can retrieve classification information, but the volume of network traffic and data storage system accesses increases
Solution Approach 1:
The patent merges multiple separate database searches into a single unified lookup operation. By consolidating classification code data from multiple sources into a cached dataset, the system combines what would have been multiple network queries into one local retrieval operation, reducing network traffic and data storage system accesses while maintaining comprehensive information availability.
3Ease of operation
If free-form manual data entry is performed for classification codes, then users can input business attributes, but the risk of error or misclassification increases
Solution Approach 1:
The patent implements feedback by providing users with real-time verification of their classification code selections. The system displays the selected classification code along with its description and allows users to confirm or modify their selection before final submission. This feedback mechanism helps users verify that they have chosen the correct classification, reducing errors and misclassifications while maintaining the flexibility of manual data entry.
Data Source
AI summary
A system for a product navigator is provided. The system receives a search string at a business-type classification interface on an interactive user display. A search type associated with the search string may be determined based on a search type selection from a plurality of search types. A search of a database may be initiated for an entry matching the search string according to the search type, where the entry has corresponding business-type classification data including a brief classification description, an extended classification description, and an associated classification code. The brief classification description and the extended classification description may be output on the interactive user display based on receiving the corresponding business-type classification data from the database. A confirmation request may be presented on the interactive user display and a classification code field populated with the associated classification code based on receiving an affirmative response to the confirmation request.