State Street. has filed a patent for a method using processors to monitor batch cycle processing in an application network. The method involves obtaining status data, transforming it to a standard format, storing it in a database, and generating a user interface to display client cycle status. GlobalData’s report on State Street gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on State Street, Grid computing was a key innovation area identified from patents. State Street's grant share as of January 2024 was 73%. Grant share is based on the ratio of number of grants to total number of patents.

Real-time monitoring of batch cycle processing in application network

Source: United States Patent and Trademark Office (USPTO). Credit: State Street Corp

The patent application (Publication Number: US20230409378A1) describes a method performed by processors to manage and display status data for jobs running in an application network. The method involves obtaining status data from various data sources, transforming it into a standard format, storing it in a database, and generating a user interface that displays the status of cycles, milestones, and jobs. The user interface provides real-time information on the execution status of cycles and milestones, indicating whether they are on time or delayed. The method utilizes a mapping of jobs to milestones and milestones to cycles to determine the status displayed on the user interface.

Furthermore, the patent application includes a non-transitory computer-readable storage medium storing instructions for executing the method described above. This medium allows for the efficient management and visualization of job status data from heterogeneous data sources. By utilizing a set of rules to transform data into a standard format and generating a user interface based on a mapping of jobs, milestones, and cycles, the method provides a comprehensive overview of the execution status of business processes. The user interface not only displays the status of individual milestones but also indicates the overall status of cycles, providing valuable insights for monitoring and decision-making. Overall, the patent application introduces a systematic approach to managing and presenting job status data in an application network, enhancing operational efficiency and decision-making processes.

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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.