ATLANTA and LOS ANGELES, Feb. 17, 2014 (GLOBE NEWSWIRE) -- A private company has partnered with Adapt IP Ventures to monetize its patent portfolio which has broad applicability across diverse "big data" platforms. By leveraging a knowledgebase which intelligently pulls information across social media, government, academic and human capital resources, the portfolio vastly improves data discovery processes via higher accuracy and speed.
Grant Moss, founder of Adapt IP Ventures highlights the underlying problems with big data systems today, "With so much information that purports to be true online and offline, no one really knows what is true, what is false, what is underrepresented, what is misrepresented. These are the issues that plague online daters, corporate recruiters, online shoppers, venture capital firms, and many other groups which require the inspection and verification of data during the discovery process of individuals or groups."
With a priority year of 2000, the patent portfolio, consisting of 5 issued US patents and 2 pending US patent applications, contains key claims which discuss how this verification information is gathered and how it is outputted. Claims range from the iterative intelligence gathering process from primary and secondary sources to the automatic scoring/ranking of the examined entities of interest. There are over 60 patent citations to this portfolio including Yahoo, AT&T, Visa, Intellectual Ventures, IBM and Microsoft.
The portfolio's value has risen with the rapid adoption of personal and professional social media networks. Brian Bochicco, Vice President of Adapt IP Ventures states, "Take Yelp or Google. Both platforms allow users to write reviews of local businesses and to offer up corresponding numerical ratings of their experiences, the latter of which is aggregated into a static, searchable ranking."
"The present patent portfolio would provide higher resolution towards identifying the veracity of a ranking by iteratively digging through additional sources", stated Bochicco. "For instance, by drawing from social networks, this online 'matching' system could confirm that reviewers actually dined there (e.g. through FourSquare), that the reviewers themselves do not actually work there or, alternatively, work for a competing business (e.g. through LinkedIn). This patent portfolio's knowledgebase could further refine the quality of the ratings by drawing from the Better Business Bureau or from inspection and compliance agencies. Without such systems in place, 'bogus' reviews will continually hamper the reliability and efficiency of rating systems today."
Companies interested in obtaining more information about the knowledge-base, data discovery patent portfolio should contact Grant Moss of Adapt IP Ventures by email at firstname.lastname@example.org.
About Adapt IP Ventures, LLC
Adapt IP Ventures is a patent brokerage firm that provides advisory services to assist innovative firms in selling and extracting value from their patents. Knowing that each transaction can be unique, Adapt IP Ventures focuses on creating and executing custom strategies for each engagement to successfully evaluate, build, sell, and license patents and other intellectual property assets. www.adaptipventures.com
CONTACT: Grant Moss Founder & President Phone: 770-353-0756 Email: email@example.com
Source:Adapt IP Ventures, LLC