Bank of America had 27 patents in future of work during Q4 2023. Bank of America Corp filed patents related to an intelligent resource evaluation engine for robotic process automation, return logistics using a distributed ledger, a Dynamic Group Session Data Access Protocol for interactive sessions, and monitoring physical locations for anomalous activities using machine learning algorithms. 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 future of work as a theme is 74% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Intelligent resource evaluator system for robotic process automations (Patent ID: US20230418242A1)
The patent filed by Bank of America Corp. describes an intelligent resource evaluation engine that monitors and evaluates robotic process automation (RPA) machines to determine their suitability for executing automation processes. The computing platform trains an intelligent model using historical parameter information, detects current parameter information for RPA machines, and stores this data in a database. The platform then identifies RPA machines for specific tasks, inputs current parameter information into the model, and directs machines to execute processes based on their suitability.
The patent outlines a method for training the evaluation model, storing parameter information, and selecting RPA machines for automation tasks. It details the types of historical and current parameter information considered, such as server availability and machine identifiers, and the process for storing and retrieving this data from a database. Additionally, the patent describes how the model establishes selection thresholds for parameter values and provides instructions for handling errors during process execution. Overall, the patent presents a comprehensive system for intelligent evaluation and selection of RPA machines for automation processes based on real-time parameter 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.
