US 2020/0090194 A1Published application

Automated resource allocation based on predictive analysis

AssigneeBank of America Corporation

InventorsManu Jacob Kurian, Gopikrishna Nemalikanti, Albena Noveva Fairchild, Jeffrey A. Young, Stanley J. Schwartz, Mahesh Kumar Bhashetty, Ramanathan Sankarasubramanian

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Abstract

The present invention provides for automated resource allocation based on predictive analysis of allocation parameters for the resource to be allocated. In specific embodiments of the invention, the analytical analysis that predicts the future allocation parameters is based at least on the entities historical resource allocation events, including, but not limited to, preferred types of the resource, amount/volume of previous resource allocations, timing of previous resource allocation and the like. In other embodiments of the invention, the analytical analysis that predicts the future allocation parameters is further based on the current or predicted location of resource allocation entities and/or the current or predicted travel route of at least one of the entities. In response to the analysis, a resource request signal, which may indicate resource amount and/or type, is generated and communicated to resource allocator configured to automatically allocate the resource to the entity(s) in response to receiving the request.

Claims20

Dependent claims

A system for allocating resources, the system comprising:

an Internet-of-Things (IoT) device comprising a first computing platform including a first memory storing first instructions and at least one first processor in communication with the memory, wherein the at least one first processor is configured to execute the first instructions to:
receive an input signal that detects a need to allocate a resource to one or more entities,
in response to receiving the input:
analyze historical allocation events associated with the one or more entities and the resource,
analytically predict future allocation parameters for the resource and the one or more entities based at least on the analyzation of the historical allocation events,
in response to predicting the future allocation parameters for the resource, generate and communicate a resource allocation signal;
and
a resource allocation apparatus comprising a second computing platform including a second memory storing second instructions and at least one second processor in communication with the second memory, wherein the at least one second processor is configured to execute the second instructions to:
in response to receiving the resource allocation signal, conduct a resource acquisition event that allocates the resource to the one or more entities.

6 more elements

An Internet-of-Things (IoT) apparatus, the apparatus comprising:

a computing platform including a memory storing instructions and at least one processor in communication with the memory and configured to execute the instructions to:
receive an input signal that detects a need to allocate a resource to one or more entities;
in response to receiving the input:
analyze historical allocation events associated with the one or more entities and the resource;
analytically predict future allocation parameters for the resource and the one or more entities based at least on the analyzation of the historical allocation events;
and
in response to predicting the future allocation parameters for the resource, generate and communicate a resource allocation signal,
wherein receipt of the resource allocation signal by a resource allocation apparatus prompts a resource acquisition event that allocates the resource to the one or more entities.

5 more elements

A computer program product including a non-transitory computer-readable medium, the computer-readable medium comprising:

a first set of codes for causing a computer to receive an input signal that detects a need to allocate a resource to one or more entities;
a second set of codes for causing a computer to, in response to receiving the input, analyze historical allocation events associated with the one or more entities and the resource and analytically predict future allocation parameters for the resource and the one or more entities based at least on the analyzation of the historical allocation events, and
a third set of codes for causing a computer to, in response to predicting the future allocation parameters for the resource, generate and communicate a resource allocation signal, wherein receipt of the resource allocation signal by a resource allocator prompts a resource acquisition event that allocates the resource to the one or more entities.

Dependencies are inferred from the claim text.

Facts

Application: 16/130,434Filed 13 Sep 2018
Published: 19 Mar 2020
Term ends: Not estimatedThe source records don’t support an estimate.

Classification16 codes

G06Q 30/0202
Market modelling; Market analysis; Collecting market data: market predictions or forecasting for commercial activities
G01C 21/3492
Special cost functions, i.e. other than distance or default speed limit of road segments: employing speed data or traffic data, e.g. real-time or…
G06Q 10/087
Logistics, e.g. warehousing, loading or distribution; Inventory or stock management: inventory or stock management, e.g. order filling,…
G06Q 20/12
Payment architectures: specially adapted for electronic shopping systems