Alexandria, VA—TransVoyant today announced that the USPTO has awarded it a patent entitled Computer-Implemented Systems And Methods Of Analyzing Spatial, Temporal And Contextual Elements Of Data For Predictive Decision-Making (U.S. Patent No. 9,424,521). The essence of the patent covers TransVoyant’s analytical exploitation of global real-time big data collected via sensors, radar, smartphones, satellites, video cameras and the myriad devices that make up the Internet of Things (IoT). The patent has far reaching implications for cloud computing and data analytics in general, and particularly around the ability to understand what is happening now, and to use machine learning algorithms to predict what will happen in the future – where, when and why.
“At TransVoyant, we deliver transformational insights that help companies to achieve competitive advantage and government agencies to save lives, in ways no one else has thought of,” said Dennis Groseclose, TransVoyant CEO and patent co-inventor. “The IoT and predictive analytics space is evolving at a breakneck pace, and we’re excited to be at the forefront of it. We’re just beginning to scratch the surface.”
TransVoyant employs data collection and predictive analytics capabilities detailed in the patent to solve very complex challenges related to U.S. national security. The nature of these challenges typically involves finding a needle in a haystack (a national security threat) that surfaces quickly and requires immediate attention. This entails collecting massive amounts of live big data around the world each day and analyzing it quickly to detect risks that are unfolding in real-time. It also involves applying sophisticated machine learning algorithms to predict events that will happen in the future.
This use case has applications well beyond national security. Given the dynamic nature of today’s global economy, and the need for companies to understand consumer behavior, track shipments in real-time, and to predict and avoid supply chain disruptions, TransVoyant applies these patented technologies to the business world.
At the heart of TransVoyant’s packaged solutions is its Continuous Decision Intelligence™ (CDI™) platform. CDI includes TransVoyant’s massive repository of real-time big data as well as the proprietary machine learning algorithms that it applies to these data streams to produce live and predictive insights. TransVoyant’s most recent patent is directed to the data collection and analytics processing performed in CDI.
In July of 2016, TransVoyant released a supply chain-focused solution called Precise Predictive Logistics™ (P2L™). This solution offers companies a graphical control tower view of their live goods in motion as well as predictive insights that help them to foresee and avoid supply chain disruptions. The P2L solution sits on top of TransVoyant’s CDI foundational platform. TransVoyant plans to announce future industry-focused solutions sitting atop CDI soon.
About TransVoyant Inc.
TransVoyant is at the forefront of the predictive analytics space. From sensors, satellites, radar, video cameras, smartphones and other devices that make up the Internet of Things (IoT), we collect over one trillion events each day, giving us one of the largest repositories of real-time big data in the world. Our proprietary machine learning algorithms analyze these massive big data streams in real-time to produce live and predictive insights that help companies to achieve competitive advantage and government agencies to save lives.