Automated Risk Review Tool for Resource Allocation
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Solution Overview
Problem
Manual review of risk and resource allocation in complex systems is time-consuming, error-prone, and difficult to manage, especially when dealing with multiple inter-related entities and factors, leading to overwhelmed processes and inaccurate communication.
Innovation Solution
An automated data-driven risk relationship review tool is implemented using a back-end application server that retrieves electronic records, calculates review dates, and establishes communication links, providing a graphical interactive user interface for timely and accurate resource allocation data display.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If manual review of risk and resource allocation is performed, then detailed analysis can be conducted, but the process becomes time-consuming and error-prone
Solution Approach 1:
The patent replaces the manual mechanical review process with an automated computer-based system that retrieves data from databases, performs calculations, and generates reports automatically. This substitution eliminates human error and time constraints while maintaining analysis accuracy through systematic data processing.
Solution Approach 2:
The system enables self-service by automatically performing data retrieval, analysis, and report generation without requiring manual intervention. The automated workflow allows the system to serve itself by pulling data from multiple sources, computing risk metrics, and distributing reports to relevant parties autonomously.
2Adaptability or versatility
If manual collection and formatting of risk data is performed, then data can be gathered from multiple sources, but the process becomes complicated and error-prone
Solution Approach 1:
The patent implements a universal data collection system that can retrieve information from multiple diverse sources including databases, external systems, and various data formats through a single automated interface. This multi-functional capability handles different data types and sources uniformly, reducing process complexity while maintaining versatility.
Solution Approach 2:
The system introduces an intermediary automated processing layer that mediates between multiple data sources and the analysis requirements. This intermediary automatically formats, validates, and standardizes data from various sources before processing, eliminating the need for complex manual data preparation while maintaining adaptability to different data formats.
3Productivity
If automated data processing is implemented, then efficiency and timeliness improve, but system complexity increases
Solution Approach 1:
The patent segments the automated system into distinct functional modules: data retrieval components, calculation engines, report generation systems, and communication interfaces. Each module performs a specific function independently, which simplifies the overall system architecture while maintaining high processing efficiency through specialized automated operations.
Data Source
AI summary
A system to provide an automated data driven risk relationship review tool via a back-end application computer server of an enterprise. A resource allocation data store may contain electronic records representing requested resource allocations between the enterprise and a plurality of entities. The server may receive an indication of a selected requested resource allocation and retrieve, from the resource allocation data store, the electronic record associated with the selected requested resource allocation. The server may automatically calculate a first and second review date for the selected requested resource allocation and automatically establish, between at least two parties, a communication link based on the calculation of the first review date for the selected requested resource allocation. The system may then support a graphical interactive user interface display via a distributed communication network, the interactive user interface display providing resource allocation data in connection with the second review date.