Method and system for generating and aggregating models based on disparate data from insurance, financial services, and public industries
US9697469B2 · kind B2 · utility
Inventors
Key dates
| Filing date | Aug 13, 2014 |
| Grant date | Jul 4, 2017 |
| Priority date | — |
| Expiry date | Oct 6, 2035 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0201
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
A method and system for making financial or medical decisions. The method comprises training sets of models using classification training with sets of data derived from segregated data sources. Overall weighting of each model within the sets of models are determined for each of the sub-datasets. The sets of models, the overall weighting of each model and a number of examples provided from the data for each of the datasets are transmitted to a central server over a communication network, wherein the central server is configured to determine the relative weights of each of the sets of models in the overall ensemble model based on the number of examples, combine the sets of models, receive new application data, and predict at least one of outcome variables, an uncertainty factor for the variables, and drivers of the outcome variables based on the new application data.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.