Nasdaq. has filed a patent for a social intelligence system that efficiently processes and analyzes large volumes of social media data. The system streams data from sources, queues, analyzes, scores, and stores the data in databases for further reporting, enabling sentiment analysis for entities. GlobalData’s report on Nasdaq 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 Nasdaq, AI for workflow management was a key innovation area identified from patents. Nasdaq's grant share as of January 2024 was 49%. Grant share is based on the ratio of number of grants to total number of patents.
Analyzing social media data efficiently for sentiment analysis
The patent application (Publication Number: US20240037110A1) discloses a method for analyzing social media data in an information processing apparatus. The method involves receiving social media data streams from various sources, queuing the data segments into message queues, scoring the data segments based on predefined factors, conducting sentiment analysis for an entity using the data segments and associated scores, and storing the data segments and scores in an analysis database. This process allows for the efficient analysis of social media data to extract valuable insights.
By utilizing one or more processors, the method outlined in the patent application enables the processing of large volumes of social media data in a systematic and structured manner. The scoring of data segments based on predefined factors and the subsequent sentiment analysis provide a comprehensive understanding of the data, allowing for informed decision-making. The storage of data segments and associated scores in an analysis database ensures that the insights derived from the social media data can be easily accessed and utilized for various purposes. Overall, this method offers a sophisticated approach to analyzing social media data, which can be valuable for businesses, researchers, and other entities looking to leverage social media insights for strategic purposes.
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