Xero‘s patent involves a computer-implemented method for correlating application usage based on entity identifiers. The method determines correlated application pairs, writes them to an app recommender database, and provides application recommendations. The process includes batch writing correlation requests to the database for efficient data management. GlobalData’s report on Xero 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 Xero, Virtual banking assistant was a key innovation area identified from patents. Xero's grant share as of April 2024 was 29%. Grant share is based on the ratio of number of grants to total number of patents.
Method for correlating and recommending applications based on user behavior
A recently granted patent (Publication Number: US11960542B2) discloses a computer-implemented method for generating application recommendations based on correlation scores between pairs of applications used by entities. The method involves determining a dataset with entity and application identifiers, calculating correlation scores for application pairs, and storing correlated pairs in a database. When a correlation score exceeds a threshold value, a correlation write request is generated and provided to an app recommender database. Subsequently, application recommendation requests are processed, and suggested applications are provided based on correlated pairs stored in the database. The method also includes handling stale entries based on timestamps and inferring usage relationships between entities and applications.
Furthermore, the patent describes a system and a computer-readable storage medium storing instructions for implementing the method. The system comprises processors and memory with executable instructions to determine datasets, calculate correlation scores, generate correlation write requests, and provide application recommendations. The method also involves collating multiple correlation write requests into a batch write request for efficiency. Additionally, the computer-readable storage medium stores instructions for determining datasets, calculating correlation scores, generating correlation write requests, and providing application recommendations. The method outlined in the patent aims to enhance the efficiency and accuracy of application recommendations by analyzing usage patterns and correlations between different applications used by entities, ultimately improving user experience and engagement with recommended applications.
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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.
