Allstate has patented a method for classifying vehicle trips by analyzing location data to create unique trip fingerprints. These fingerprints are compared to previous trips to determine similarities, allowing for adjustments based on past trip information. GlobalData’s report on Allstate gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Allstate, was a key innovation area identified from patents. Allstate's grant share as of July 2024 was 67%. Grant share is based on the ratio of number of grants to total number of patents.
Vehicle trip classification based on geographic location data
The patent US12072197B2 outlines a method and system for classifying vehicle trips based on geographic location data. The process begins with obtaining multiple geographic location points from a location device, such as a GPS-enabled device. These points are then used to identify corresponding geographic tile identifiers from a database, which define specific geographic regions. A unique fingerprint value for the trip is derived from these identifiers, allowing for a comparison against a database of fingerprint values from previous trips. This comparison yields an indication of similarity between the current trip and at least one prior trip, facilitating effective classification.
Further details of the method include the generation and storage of geographic tile identifiers, which are associated with longitude, latitude, and tile level values that define the granularity of the geographic regions. The system also incorporates techniques for updating geographic location points and identifiers based on previous trips, enhancing the accuracy of the classification. The instructions for executing this method can be stored on a non-transitory computer-readable medium, ensuring that the system can efficiently process and classify vehicle trips based on the derived fingerprint values and geographic data.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
