Bank of America has patented a system using cognitive analysis and artificial intelligence for real-time service discovery and binding. The technology dynamically selects service versions based on client capabilities, allowing seamless upgrades without requiring client-side updates. GlobalData’s report on Bank of America 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 Bank of America, Virtual banking assistant was a key innovation area identified from patents. Bank of America's grant share as of April 2024 was 87%. Grant share is based on the ratio of number of grants to total number of patents.
Dynamic service discovery and binding using cognitive analysis
A recently granted patent (Publication Number: US11973663B2) discloses a system for real-time service discovery and service binding. The system involves a plurality of client devices, each equipped with a memory storing service applications and a cognitive agent with artificial intelligence algorithms. A server apparatus with a cognitive engine receives service requests from client devices, generates unique session tokens, determines client device capabilities through cognitive analysis, and binds a more recent version of the service application to the client device based on its capabilities. The cognitive agent replicates the requirements of the updated version in subsequent service request calls, enhancing real-time service discovery and binding.
The patent further details a computer-implemented method and a computer program product for the same purpose. The method involves receiving service requests, determining client device capabilities, binding the appropriate service application version, and initiating service request calls with the bound API. The computer program product includes codes for implementing the method, ensuring efficient real-time service discovery and binding. The system's cognitive engine and cognitive agent work in tandem to enhance the service discovery process, ensuring that client devices are matched with the most suitable and updated service application versions based on their capabilities, ultimately improving the overall user experience and service efficiency.
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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.
