Ticketing Display Dashboard Using Historical Cross-Market Data
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Solution Overview
Problem
Existing online ticket marketplaces provide limited and outdated information about ticket availability and pricing trends, lacking event-wide market insights and historical data, which hinders informed buying and selling decisions.
Innovation Solution
A historical database system that collects and analyzes ticket information from multiple online marketplaces, providing a dashboard interface to display comprehensive market conditions, including current and historical data, allowing users to make informed decisions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If online ticket marketplaces operate independently, then each marketplace can manage its own supply and demand, but the visibility of current market conditions is limited and does not reflect the broader event-wide market
Solution Approach 1:
The patent combines data from multiple independent ticket marketplaces into a unified historical database, aggregating ticket listing information across different platforms to provide comprehensive event-wide market visibility while maintaining the operational independence of each marketplace
Solution Approach 2:
The patent introduces a intermediary system that collects, stores, and analyzes ticket data from various marketplaces without requiring the marketplaces themselves to change their operational structure, thus preserving independence while improving information visibility
2Loss of information
If ticket marketplaces provide only current snapshot data, then the system remains simple, but detailed insight into historical data and trends is unavailable
Solution Approach 1:
The patent implements preliminary data collection by continuously gathering ticket listing information from marketplaces and storing it in a historical database before it is needed for analysis, enabling future retrieval of historical trends and patterns
Solution Approach 2:
The patent creates a digital copy of ticket marketplace data in a historical database, replicating the essential information structure and content from multiple marketplaces into a centralized repository that can be analyzed without affecting the original sources
3Reliability
If comprehensive market data is collected from multiple sources, then better market insights are available, but the system complexity and data processing requirements increase
Solution Approach 1:
The patent extracts only the essential ticket listing data elements needed for market analysis from multiple marketplace sources, filtering out redundant or unnecessary information to maintain data quality while managing system complexity
Solution Approach 2:
The patent transforms raw ticket data into standardized parameters and metrics that can be consistently compared across different marketplaces, changing the form of the data to enable reliable aggregation and analysis while simplifying processing requirements
Data Source
AI summary
A method involves generating a historical database of ticket information by scraping at least one online ticket marketplace for a set of ticket information relating to an event, and storing that set of ticket information. The scraping and storing steps may be repeated at a predetermined interval. The method continues by generating a subset of ticket information for the event based on an input from a client device. The method further includes displaying the subset of ticket information generated. In some examples, the subset of ticket information is displayed within a dashboard interface.