Machine Learning Technique in Real-Time Quoting System to Optimize Quote Conversion Rates
AssigneeDell Products L.P.
InventorsMoloy K. Sinha, Madhav Parashar, Sunil Pawar, Renita Oliveira, Saurav Daga
Life of this patent
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Abstract
A system, method, and computer-readable medium for optimizing quote conversion rates. The optimizing quote conversion rates includes identifying an open quote associated with a particular potential acquirer of a deliverable; identifying input data related to the open quote; generating a prediction of a propensity of a particular open quote to be converted using the input data; and, using the prediction of the propensity of the particular open quote to optimize conversion of the open quote.
Claims20
A computer-implementable method for optimizing quote conversion rates, comprising:
- identifying an open quote associated with a particular potential acquirer of a deliverable;
- identifying input data related to the open quote;
- generating a prediction of a propensity of a particular open quote to be converted using the input data;
- and
- using the prediction of the propensity of the particular open quote to optimize conversion of the open quote.
A system comprising:
- a processor;
- a data bus coupled to the processor;
- and
- a non-transitory, computer-readable storage medium embodying computer program code, the non-transitory, computer-readable storage medium being coupled to the data bus, the computer program code interacting with a plurality of computer operations and comprising instructions executable by the processor and configured for:
- identifying an open quote associated with a particular potential acquirer of a deliverable;
- identifying input data related to the open quote;
- generating a prediction of a propensity of a particular open quote to be converted using the input data;
- and
- using the prediction of the propensity of the particular open quote to optimize conversion of the open quote.
A non-transitory, computer-readable storage medium embodying computer program code, the computer program code comprising computer executable instructions configured for:
- identifying an open quote associated with a particular potential acquirer of a deliverable;
- identifying input data related to the open quote;
- generating a prediction of a propensity of a particular open quote to be converted using the input data;
- and
- using the prediction of the propensity of the particular open quote to optimize conversion of the open quote.
Dependencies are inferred from the claim text.