Western Union has been granted a patent for a system that facilitates adaptive multi-system operations. The system includes interfaces for electronic communications, a resource monitor for monitoring processes and resource capacities, and processors for identifying protocols and operating conditions to allocate resources accordingly. GlobalData’s report on Western Union gives a 360-degree view of the company including its patenting strategy. Buy the report here.
According to GlobalData’s company profile on Western Union, was a key innovation area identified from patents. Western Union's grant share as of May 2024 was 84%. Grant share is based on the ratio of number of grants to total number of patents.
Adaptive multi-system operations system
A recently granted patent (Publication Number: US11979333B2) discloses a system designed to facilitate adaptive multi-system operations. The system includes interfaces for receiving and transmitting electronic communications from resource-controlling systems, endpoint devices, and agent devices. A resource monitor identifies signals related to processes, resource capacities, and states of the systems, while processors analyze operating conditions and metrics to allocate resources and execute processes based on defined protocols. The system aims to optimize system interactions and resource allocation efficiently.
Furthermore, the patent details a method and machine-readable media with instructions to monitor electronic communications, detect system interactions, identify protocols, and determine operating conditions for resource-controlling systems. By learning performance metrics and aggregating data items, the system can model individual systems and allocate resources effectively. The technology outlined in the patent aims to streamline operations, enhance resource utilization, and improve overall system performance through adaptive and protocol-driven processes.
To know more about GlobalData’s detailed insights on Western Union, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.