Smart Data Forecasting Dual Stage Events

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Solution Overview

Problem

Enterprise systems face challenges in efficiently identifying and managing dual stage events across a user base due to exponential information growth, which complicates resource optimization and network bandwidth usage.

Innovation Solution

A computing platform receives information about dual stage events, retrieves metadata, generates commands for a smart data server, and transmits notifications to user devices, utilizing user and item profiles, historical data, and geographic location to determine values and recommendations, while optimizing resource usage.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If enterprise systems attempt to track all dual stage events across the user base, then event identification completeness is improved, but resource usage and network bandwidth consumption increase exponentially

Engineering Contradiction:
Improveevent identification completenessVSAvoidresource usage
Core Design Contradiction:
ReliabilityVSUse of energy by moving object

Solution Approach 1:

The patent segments the enterprise user base into clusters based on geographic location and event characteristics. Instead of tracking all events uniformly across the entire user base, the system divides events into regional segments and processes them locally through distributed computing nodes, reducing the computational burden on any single system component and optimizing resource utilization while maintaining comprehensive event identification.

Inventive Principle:
Principle #1Segmentation

Solution Approach 2:

The patent introduces a geographic dimension to event tracking by organizing events based on location data. This spatial dimension allows the system to filter and prioritize events by geographic proximity, enabling efficient resource allocation to relevant events while reducing network bandwidth consumption by eliminating unnecessary transmission of geographically irrelevant event data.

Inventive Principle:
Principle #17Another dimension (Dimensionality change)

2Measurement precision

If enterprise systems retrieve and process all metadata for dual stage events, then event analysis accuracy is improved, but network bandwidth consumption increases

Engineering Contradiction:
Improveevent analysis accuracyVSAvoidnetwork bandwidth consumption
Core Design Contradiction:
Measurement precisionVSLoss of energy

Solution Approach 1:

The patent applies local quality by retrieving and processing metadata selectively based on event characteristics, user profiles, and geographic location. Instead of uniformly retrieving all metadata for all events, the system adapts the level of metadata processing to the specific context of each event, ensuring high analysis accuracy for critical events while reducing network bandwidth consumption for less significant events.

Inventive Principle:
Principle #3Local quality

Solution Approach 2:

The patent implements partial action by retrieving only the necessary subset of metadata required for effective event analysis rather than all available metadata. The system determines the appropriate level of metadata retrieval based on event priority, user preferences, and computational resource availability, achieving sufficient analysis accuracy with reduced network bandwidth consumption.

Inventive Principle:
Principle #16Partial or excessive action

3Productivity

If the system optimizes for resource usage by filtering events, then resource efficiency is improved, but event identification completeness deteriorates

Engineering Contradiction:
Improveresource efficiencyVSAvoidevent identification completeness
Core Design Contradiction:
ProductivityVSReliability

Solution Approach 1:

The patent implements feedback mechanisms where the system continuously monitors event patterns, user responses, and resource utilization metrics. Based on this feedback, the system dynamically adjusts its filtering criteria and resource allocation strategies, ensuring that resource efficiency optimizations do not compromise the identification of critical events. The feedback loop enables the system to learn from past performance and refine its event identification completeness while maintaining resource efficiency.

Inventive Principle:
Principle #23Feedback

Data Source

PatentUS10592309B2Using smart data to forecast and track dual stage events
Publication Date: 2020.03.17 BANK OF AMERICA CORP
  • US10592309B2 patent drawing
  • US10592309B2 patent drawing
  • US10592309B2 patent drawing

AI summary

Aspects of the disclosure relate to using smart data to forecast and track dual stage events. A computing platform may receive, via the communication interface and from a user device, information indicating a dual stage event corresponding to an item. Thereafter, the computing platform may retrieve, from an external event data source and based on the information indicating the dual stage event, metadata corresponding to the dual stage event. Then, the computing platform may determine, based on the metadata corresponding to the dual stage event, a first value corresponding to the dual stage event. Subsequently, the computing platform may generate, based on the information indicating the dual stage event corresponding to the item, one or more commands directing a smart data server to determine a second value corresponding to the dual stage event. Next, the computing platform may transmit, to the smart data server, the one or more commands.