Bank of America had 174 patents in artificial intelligence during Q4 2023. Bank of America Corp filed patents related to transformation management computing system for software installation, batch processing at distributed servers, software vulnerability analysis and monitoring, security measures for resource exchange events in virtual environments, and integrating data from multiple communication platforms with dynamic search result adjustments based on security settings. These patents focus on improving efficiency, security, and accuracy in various aspects of computing systems and data management. GlobalData’s report on Bank of America gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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Bank of America grant share with artificial intelligence as a theme is 49% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Information technology management system (Patent ID: US20230418582A1)
The patent filed by Bank of America Corp describes a transformation management computing system that automates the extraction, consolidation, and transformation of data from various computing systems to facilitate software installation package releases. The system determines the current state of servers, operating systems, and applications to identify servers requiring updates/patches and schedules optimal deployment times for these updates. The method involves monitoring data output by computing systems, triggering installation based on indicators, utilizing artificial intelligence models to customize installation templates, and automatically installing packages on designated devices.
The patent claims detail the method and computing platform for implementing the transformation management system. The claims specify monitoring data from various computing systems, including security, service, and change management systems, to identify installation packages and trigger installations. The use of flags to indicate the build status of packages, the generation of one-time passwords for approval, and the customization of installation templates through artificial intelligence models are key components of the system. The computing platform includes a processor, network interface, and memory storing instructions for monitoring data, identifying devices for installation, and automating the installation process. Overall, the patent focuses on streamlining software deployment processes through automated data extraction, transformation, and deployment strategies.
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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.
